Corner Retail and Office
For Sale
$375,000
1337 Ashley Blvd, New Bedford, MA 02745
Prime corner lot with excellent visibility and flexible space suited for retail, professional offices, or boutique services.
Property Size1,600 SF
Days on Market72
Property Features for 1337 Ashley Blvd
General Information
Standard status
Active
Size
1,600 SF
Zoning
MUB
Taxes and HOA fees
Annual Taxes
$6,119
Building Details
Building Size
1,600 SF
Year Built
1950
Listing Agency:
E. J. Pontiff Real Estate
(508) 961-1671
Listed By:
Jeffrey Pontiff · License #451500777
(508) 961-1671
Source:
Pontiffre.idxbroker
Added: Jun 2
Changed: Aug 8
Last Checked: Jul 10 at 7:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of E. J. Pontiff Real Estate
Investment Insights
Based on property information with market context.
This property offers a versatile configuration that can support retail space, professional offices, or boutique services, including uses such as a hair & nail salon. The site is positioned as a high-exposure corner offering with strong frontage and easy accessibility designed to support owner-operators, entrepreneurs, and investors.
Set in a high-traffic residential neighborhood, the property is described as having exceptional visibility and steady daily exposure. It is conveniently located near Greater New Bedford Regional Vocational Technical High School as well as supermarkets, banks, restaurants, retail stores, and everyday amenities, supporting a convenient, community-based customer draw.
With its standout corner positioning and accessibility, the asset is well suited for businesses seeking dependable neighborhood visibility. Buyers looking for flexible commercial space will find the range of potential uses practical for retail, office, and service concepts, with the opportunity to bring new vision as the current owner retires.
Set in a high-traffic residential neighborhood, the property is described as having exceptional visibility and steady daily exposure. It is conveniently located near Greater New Bedford Regional Vocational Technical High School as well as supermarkets, banks, restaurants, retail stores, and everyday amenities, supporting a convenient, community-based customer draw.
With its standout corner positioning and accessibility, the asset is well suited for businesses seeking dependable neighborhood visibility. Buyers looking for flexible commercial space will find the range of potential uses practical for retail, office, and service concepts, with the opportunity to bring new vision as the current owner retires.
Key Highlights
- Year built: 1950.
- Prime corner lot with excellent visibility and flexible space for retail, professional offices, or boutique services.
- Convenient to Greater New Bedford Regional Vocational Technical High School.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,192
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$483,840
$483.8K
Cap Rate 7%
$345,600
$345.6K
Cap Rate 9%
$268,800
$268.8K
Market Conditions
NOI Build-Up for 1,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.4K $24.00/SF
− Vacancy
−$6.1K −$3.84/SF
EGI
$32.3K $20.16/SF
− OpEx
−$8.1K −$5.04/SF
NOI
$24.2K $15.12/SF
Area
New Bedford, MA
Vacancy
16.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$483,840
Cap Rate 7%
$345,600
Cap Rate 9%
$268,800
Alternative Uses
Best Use
Office B
$345.6K
$302.4K – $403.2K
NOI $24,192 @ 7.0% cap · market cap 6.45%
Second Best
Retail
$309.1K
$270.5K – $360.6K
NOI $21,638 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$471.8K
$412.8K – $550.4K
NOI $33,024 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime corner lot with excellent visibility and flexible space suited for retail, professional offices, or boutique services.
Where is this retail space located?
The property is located at 1337 Ashley Blvd New Bedford, MA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Year built: 1950.; Prime corner lot with excellent visibility and flexible space for retail, professional offices, or boutique services.; Convenient to Greater New Bedford Regional Vocational Technical High School.
