Three-Story Office
For Sale
$570,000
17 Orchard St, New Bedford, MA 02740
Downtown professional property with updated building systems, finished lower-level space, and flexible areas for office or storage use.
Property Size3,232 SF
Price / SF$176.36
Days on Market53
Property Features for 17 Orchard St
General Information
Standard status
Active
Size
3,232 SF
Building Details
Year Built
1958
Buildings
1
Stories
3
Listing Agency:
Coastal Realty
Listed By:
Lori A. Nery · License #451501061
(508) 990-4280
Source:
Alpernandmesenbourg
Added: Aug 24
Changed: Oct 10
Last Checked: Oct 7 at 2:57PM
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 Coastal Realty
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Investment Insights
Based on property information with market context.
Built in 1958, this 3,232-square-foot office property spans three stories and includes a newly added third floor for additional offices, creative workspace, or storage. The finished basement expands usable space and contains an additional restroom. Exterior improvements include Everlast lifetime siding, Kolbe windows, Azek trim and railings, a cupola, and architectural mouldings.
Updated electrical and HVAC systems, along with an updated roof, support contemporary office operations. The property is in Downtown New Bedford, minutes from Route 18, courthouses, museums, hotels, and restaurants. Its configuration is suited to professional office users, including law firms, therapists, wellness providers, and spa services.
Updated electrical and HVAC systems, along with an updated roof, support contemporary office operations. The property is in Downtown New Bedford, minutes from Route 18, courthouses, museums, hotels, and restaurants. Its configuration is suited to professional office users, including law firms, therapists, wellness providers, and spa services.
Key Highlights
- 3,232‑square‑foot office building with three stories
- New 3rd floor provides additional office, creative, or storage space
- Finished basement adds usable area and includes an additional restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,868
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,360
$977.4K
Cap Rate 7%
$698,114
$698.1K
Cap Rate 9%
$542,978
$543.0K
Market Conditions
NOI Build-Up for 3,232 SF
Gross rent
$77.6K $24.00/SF
− Vacancy
−$12.4K −$3.84/SF
EGI
$65.2K $20.16/SF
− OpEx
−$16.3K −$5.04/SF
NOI
$48.9K $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 Rate 5%
$977,360
Cap Rate 7%
$698,114
Cap Rate 9%
$542,978
Alternative Uses
Best Use
Office B
$698.1K
$610.9K – $814.5K
NOI $48,868 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$953.0K
$833.9K – $1.11M
NOI $66,708 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,573
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Downtown professional property with updated building systems, finished lower-level space, and flexible areas for office or storage use.
Where is this office building located?
The property is located at 17 Orchard St New Bedford, MA.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 3,232‑square‑foot office building with three stories; New 3rd floor provides additional office, creative, or storage space; Finished basement adds usable area and includes an additional restroom
