Five-Bay
New
For Sale
$199,900
153 Chancery St, New Bedford, MA 02740
Commercial Sale, New Bedford, MA
Property Size1,000 SF
Lot Size0.14 Acres
Price / SF$199.90
Days on Market1
Property Features for 153 Chancery St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RB
Zoning description
Legal Conforming
Directions
Please use GPS
Standard status
Active
APN
M:0051 L:0502,2891834
Size
1,000 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1413
Building Details
Year built
1980
Buildings
1
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
Listed By:
Clifford Ponte · License #9554597
(508) 677-3233
Added: Oct 30
Last Checked: Oct 30 at 7:06PM
MLS# 73597061
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The property includes a 20-by-50-foot garage with five open bays on a 6,077-square-foot lot. Built in 1980, the garage has replacement doors, a rebuilt and insulated roof, and an electric heater. The building has no plumbing or water service. Zoning is RB.
The lot is fully fenced and provides parking for several vehicles. The property may also accommodate new construction, either in conjunction with the existing garage or as a separate building, subject to the buyer’s due diligence.
The lot is fully fenced and provides parking for several vehicles. The property may also accommodate new construction, either in conjunction with the existing garage or as a separate building, subject to the buyer’s due diligence.
Key Highlights
- Five open garage bays in a 20'x50' building
- 6,077‑square‑foot lot with fencing and parking for several vehicles
- 1980 construction; roof rebuilt and insulated, with replacement 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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
5
Drive-in doors
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
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 site provides vehicle parking, an electric heater, and a roof that has been rebuilt and insulated.
Where is this warehouse located?
The property is located at 153 Chancery St 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: Five open garage bays in a 20'x50' building; 6,077‑square‑foot lot with fencing and parking for several vehicles; 1980 construction; roof rebuilt and insulated, with replacement garage doors
