Mixed-Use Retail and
For Sale
$1,500,000
330 Hathaway Road, New Bedford, MA 02746
Mixed-use property with retail frontage and residential units located at the rear of the site.
Property Size8,571 SF
Price / SF$175.01
Days on Market35
Property Features for 330 Hathaway Road
General Information
Standard status
Active
Size
8,571 SF
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
Sweet Property
(508) 965-3623
Listed By:
Margaret A Sweet
(413) 584-2900
Source:
Mapleandmainrealty
Added: Jul 21
Changed: Aug 23
Last Checked: Aug 24 at 6:16AM
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 mixed-use property is arranged with retail space at the front of the site and residential space in the rear. The configuration supports both street-facing commercial frontage and separate on-site residential living.
The property is for sale as a single offering, located at 330 Hathaway Rd in New Bedford, Massachusetts. The site layout clearly distinguishes the commercial area in front from the residential area behind.
No additional details are provided regarding unit count, building condition, or specific tenancy, so prospective buyers should review the property for further information on improvements and configuration.
The property is for sale as a single offering, located at 330 Hathaway Rd in New Bedford, Massachusetts. The site layout clearly distinguishes the commercial area in front from the residential area behind.
No additional details are provided regarding unit count, building condition, or specific tenancy, so prospective buyers should review the property for further information on improvements and configuration.
Key Highlights
- Mixed‑use property with retail at the front of the site and residential units in the rear
- Year built: 1974
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
$115,914
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
7.73%
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%
$2,318,280
$2.3M
Cap Rate 7%
$1,655,914
$1.7M
Cap Rate 9%
$1,287,933
$1.3M
Market Conditions
NOI Build-Up for 8,571 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
$180.0K $21.00/SF
− Vacancy
−$14.4K −$1.68/SF
EGI
$165.6K $19.32/SF
− OpEx
−$49.7K −$5.80/SF
NOI
$115.9K $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%
$2,318,280
Cap Rate 7%
$1,655,914
Cap Rate 9%
$1,287,933
Alternative Uses
Best Use
Retail
$1.66M
$1.45M – $1.93M
NOI $115,914 @ 7.0% cap · market cap 7.73%
Second Best
Mixed Use
$1.59M
$1.39M – $1.85M
NOI $111,144 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,905 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
105k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail frontage and residential units located at the rear of the site.
Where is this mixed-use property located?
The property is located at 330 Hathaway Road 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: Mixed‑use property with retail at the front of the site and residential units in the rear; Year built: 1974
