Retail Building with Heated Lower
For Sale
$1,500,000
330 Hathaway Rd, New Bedford, MA 02746
Street-level retail is supported by a heated lower level and an additional office or small retail building on the site.
Property Size8,571 SF
Price / SF$186.06
Days on Market52
Property Features for 330 Hathaway Rd
General Information
Standard status
Active
Size
8,571 SF
Property subtype
Commercial
Additional Details
Traffic Count
20,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$22,548
Building Details
Building Size
8,571 SF
Year Built
1974
Listing Agency:
Sweet Property
Listed By:
Margaret A Sweet
(508) 965-3623
Source:
Classifiedrealtygroup
Added: Jul 25
Changed: Sep 9
Last Checked: Sep 13 at 5:41AM
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 Sweet Property
Investment Insights
Based on property information with market context.
This property includes a main retail building featuring street-level space and a heated lower level. The main building totals 3,723 sq. ft. for the street-level area, with an additional 3,723 sq. ft. in the heated lower level. An additional office or small retail building provides 616 sq. ft., along with a full basement.
The site also includes a historic residential barn dating to 1840, with a renovated one-bedroom apartment and a rear deck. There is also a barn with versatile storage, garage, and workspace.
The property is located in New Bedford, MA and is described as having exceptional exposure, with approximately 20,000+ cars passing by daily at the interchange. Public remarks note the nearby Whaling City Golf Club and that the city is planning a new office/industrial park in the area.
The site also includes a historic residential barn dating to 1840, with a renovated one-bedroom apartment and a rear deck. There is also a barn with versatile storage, garage, and workspace.
The property is located in New Bedford, MA and is described as having exceptional exposure, with approximately 20,000+ cars passing by daily at the interchange. Public remarks note the nearby Whaling City Golf Club and that the city is planning a new office/industrial park in the area.
Key Highlights
- Main retail building includes 3,723 SF street‑level space plus a 3,723 SF heated lower level
- Additional office or small retail building on‑site with 616 SF and a full basement
- Residential barn built in 1840 offers a renovated 1‑bedroom apartment with a rear deck
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,030
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,180,600
$2.2M
Cap Rate 7%
$1,557,571
$1.6M
Cap Rate 9%
$1,211,444
$1.2M
Market Conditions
NOI Build-Up for 8,062 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$169.3K $21.00/SF
− Vacancy
−$13.5K −$1.68/SF
EGI
$155.8K $19.32/SF
− OpEx
−$46.7K −$5.80/SF
NOI
$109.0K $13.52/SF
Area
New Bedford, MA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,180,600
Cap Rate 7%
$1,557,571
Cap Rate 9%
$1,211,444
Alternative Uses
Best Use
Retail
$1.56M
$1.36M – $1.82M
NOI $109,030 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,400 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
105k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 23%
Dining 20%
Home Improvements & Furnishings 3%
Cumberland Farms
Shops & Services
24,602 visits/mo
0.2 miles
Price Rite
Groceries
24,190 visits/mo
0.4 miles
McDonald's
Dining
21,193 visits/mo
0.3 miles
Exxon
Shops & Services
16,030 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
8,252 visits/mo
0.3 miles
Demographics for 02746, MA
17,355
Population
7,640
Households
2.3
Avg Household Size
33
Median Age
10%
College-Educated
67%
High-School Grad
2.8 sq mi
ZIP Area
6,198
Density / Sq Mi
$41,023
Median Household Income
$33,472
Median Earnings
$1,100
Median Rent
$324,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Street-level retail is supported by a heated lower level and an additional office or small retail building on the site.
Where is this storefront property located?
The property is located at 330 Hathaway Rd New Bedford, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Main retail building includes 3,723 SF street‑level space plus a 3,723 SF heated lower level; Additional office or small retail building on‑site with 616 SF and a full basement; Residential barn built in 1840 offers a renovated 1‑bedroom apartment with a rear deck
