5-Bay
New
For Sale
$199,900
153 Chancery Street, New Bedford, MA 02740
A fenced property with an insulated garage, on-site electrical service, and space to park several vehicles.
Property Size1,000 SF
Lot Size0.14 Acres
Price / SF$199.90
Days on Market5
Property Features for 153 Chancery Street
General Information
Standard status
Active
Size
1,000 SF
Lot size
0.14 Acres
Property subtype
Land
Additional Details
Fenced Yard
Yes
Power
100 amps
Building Details
Building Size
1,000 SF
Listing Agency:
Keller Williams South Watuppa
Listed By:
The Highland Group
Source:
Milburyre
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 11 at 2:29PM
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 Keller Williams South Watuppa
Investment Insights
Based on property information with market context.
The property includes a 6077 sq.ft. lot improved with a 20' x 50' garage containing five open bays. The roof was rebuilt and insulated, and the garage doors have been replaced. Building features include 100amp electrical service and an electric heater.
The lot is fully fenced and accommodates parking for several vehicles. A separate new build or construction connected to the existing garage may be possible, subject to buyer due diligence regarding use and future improvements.
The lot is fully fenced and accommodates parking for several vehicles. A separate new build or construction connected to the existing garage may be possible, subject to buyer due diligence regarding use and future improvements.
Key Highlights
- 6077 sq.ft. lot improved with a 20' x 50' garage
- Five open garage bays
- Rebuilt, insulated roof and replaced garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,628
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,560
$232.6K
Cap Rate 7%
$166,114
$166.1K
Cap Rate 9%
$129,200
$129.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$14.4K $14.40/SF
− Vacancy
−$720 −$0.72/SF
EGI
$13.7K $13.68/SF
− OpEx
−$2.1K −$2.05/SF
NOI
$11.6K $11.63/SF
Area
New Bedford, MA
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,560
Cap Rate 7%
$166,114
Cap Rate 9%
$129,200
Alternative Uses
Best Use
Warehouse
$166.1K
$145.4K – $193.8K
NOI $11,628 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.9K
$258.0K – $344.0K
NOI $20,640 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,607
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- West Terminal — 289 MacArthur Dr, New Bedford, MA 02740
Frequently Asked Questions
What type of property is this?
Warehouse - A fenced property with an insulated garage, on-site electrical service, and space to park several vehicles.
Where is this warehouse located?
The property is located at 153 Chancery Street New Bedford, MA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 6077 sq.ft. lot improved with a 20' x 50' garage; Five open garage bays; Rebuilt, insulated roof and replaced garage doors
