Renovated Medical Office
For Sale
Contact for pricing
238 Rockdale Ave Unit 1, New Bedford, MA 02740
Renovated office suite with an open layout, brand-new restroom, and back room with sink in a fieldstone building.
Property Size800 SF
Price / SF$1.38
Days on Market101
Property Features for 238 Rockdale Ave Unit 1
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1910
Construction
fieldstone
Listing Agency:
Coastal Realty
(508) 990-4280
Listed By:
Lori A. Nery · License #451501061
(508) 736-2387
Source:
Lockandkeyre
Added: Jul 23
Changed: Oct 31
Last Checked: Oct 30 at 4:47PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated, high-visibility office suite is presented for sale and offers a versatile interior suited to professional, medical, wellness, counseling, educational, executive, or specialty office use. The inviting layout includes a spacious open office area, a brand-new restroom, and a convenient back room with a sink.
Set within an attractive fieldstone building, the space offers strong curb appeal and window air conditioning. The overall configuration is designed to support a range of office operations while maintaining an accessible, client-friendly environment.
With flexible space, convenient amenities, and visibility for walk-in and client traffic, this suite provides a practical setting for a business seeking a refined, ready-to-use office home.
Set within an attractive fieldstone building, the space offers strong curb appeal and window air conditioning. The overall configuration is designed to support a range of office operations while maintaining an accessible, client-friendly environment.
With flexible space, convenient amenities, and visibility for walk-in and client traffic, this suite provides a practical setting for a business seeking a refined, ready-to-use office home.
Key Highlights
- Renovated commercial office space in a fieldstone building; built in 1910
- Open office area for flexible use
- Brand‑new restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,785
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,700
$235.7K
Cap Rate 7%
$168,357
$168.4K
Cap Rate 9%
$130,944
$130.9K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$21.1K $26.40/SF
− Vacancy
−$1.5K −$1.85/SF
EGI
$19.6K $24.55/SF
− OpEx
−$7.9K −$9.82/SF
NOI
$11.8K $14.73/SF
Area
New Bedford, MA
Vacancy
7.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,700
Cap Rate 7%
$168,357
Cap Rate 9%
$130,944
Alternative Uses
Best Use
Office B
$172.8K
$151.2K – $201.6K
NOI $12,096 @ 7.0% cap · market cap 1,099.64%
Second Best
Healthcare Medical
$168.4K
$147.3K – $196.4K
NOI $11,785 @ 7.0% cap · market cap 1,071.36%
Theoretical Best
Office A
$235.9K
$206.4K – $275.2K
NOI $16,512 @ 7.0% cap · market cap 1,501.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
682
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 unit - Renovated office suite with an open layout, brand-new restroom, and back room with sink in a fieldstone building.
Where is this office unit located?
The property is located at 238 Rockdale Ave Unit 1 New Bedford, MA.
What are key features of this property?
This property features: Renovated commercial office space in a fieldstone building; built in 1910; Open office area for flexible use; Brand‑new restroom
