Three-Story Office
New
For Sale
Contact for pricing
17 Orchard St Unit 1-4, New Bedford, MA 02740
Flexible workspace includes a partially finished basement and a third floor planned for additional office or support use.
Property Size4,132 SF
Price / SF$1.45
Days on Market4
Property Features for 17 Orchard St Unit 1-4
General Information
Standard status
Active
Size
4,132 SF
Total Parking Spaces
13
Property subtype
Commercial
Space & Availability
Condition
Turnkey
Furnished
Yes
Additional Details
Utilities to Site
Yes
Property Use
Office
Building Details
Year Built
1958
Buildings
1
Stories
3
Listing Agency:
Coastal Realty
(508) 990-4280
Listed By:
Lori A. Nery · License #451501061
(508) 736-2387
Source:
Lockandkeyre
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:53PM
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.
This 4,132-square-foot office building has three stories, a partially finished basement, and a third-floor area suited to offices, creative work, or storage. The landlord plans to finish the third-floor walls, add a mini-split heating and cooling system, and provide a flooring allowance. The basement includes a restroom. Desks and other furnishings may also be available. Exterior details include Everlast siding, Kolbe windows, Azek trim and railings, and a cupola. Electrical, HVAC, and roofing have been updated.
The property is in Downtown New Bedford, minutes from Route 18, area courthouses, museums, hotels, and restaurants. Thirteen off-street parking spaces serve the building.
The property is in Downtown New Bedford, minutes from Route 18, area courthouses, museums, hotels, and restaurants. Thirteen off-street parking spaces serve the building.
Key Highlights
- 4,132‑square‑foot office building with three stories
- 13 off‑street parking spaces
- Third‑floor area with landlord‑planned wall finishing, mini‑split HVAC, and flooring allowance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,476
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,520
$1.2M
Cap Rate 7%
$892,514
$892.5K
Cap Rate 9%
$694,178
$694.2K
Market Conditions
NOI Build-Up for 4,132 SF
Gross rent
$99.2K $24.00/SF
− Vacancy
−$15.9K −$3.84/SF
EGI
$83.3K $20.16/SF
− OpEx
−$20.8K −$5.04/SF
NOI
$62.5K $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%
$1,249,520
Cap Rate 7%
$892,514
Cap Rate 9%
$694,178
Alternative Uses
Best Use
Office B
$892.5K
$781.0K – $1.04M
NOI $62,476 @ 7.0% cap · market cap 1,041.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,284 @ 7.0% cap · market cap 1,421.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,573
Businesses Nearby
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Flexible workspace includes a partially finished basement and a third floor planned for additional office or support use.
Where is this office building located?
The property is located at 17 Orchard St Unit 1-4 New Bedford, MA.
What are key features of this property?
This property features: 4,132‑square‑foot office building with three stories; 13 off‑street parking spaces; Third‑floor area with landlord‑planned wall finishing, mini‑split HVAC, and flooring allowance
