Warehouse with Rear
New
For Sale
$159,900
37 Edison St, New Bedford, MA 02745
Two oversized overhead doors and paved driveways provide practical access for equipment and vehicles.
Property Size760 SF
Lot Size0.07 Acres
Price / SF$210.39
Days on Market6
Property Features for 37 Edison St
General Information
Standard status
Active
Size
760 SF
Lot size
0.07 Acres
Property subtype
COMMERCIAL
Zoning
R-B
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
760 SF
Power
100 amps
Taxes and HOA fees
Annual Taxes
$2,082
Building Details
Building Size
760 SF
Year Built
1950
Listing Agency:
Coastal Realty
Listed By:
Lori A. Nery · License #451501061
(508) 990-4280
Source:
Paulgrover
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 15 at 6:30AM
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.
The 760-square-foot warehouse sits on a 3,002-square-foot parcel and includes an open interior, finished concrete flooring, overhead heaters, and two oversized overhead doors. The roof has been updated, and the electrical service includes 100-amp circuit breakers. Paved driveways and a chain-link gate provide access to cleared land behind the building.
The property is in an R-B zoning district on Edison Street in New Bedford. Nearby uses include single- and multifamily residences and a Prime Storage facility. Outside storage and permitted uses are subject to applicable requirements.
The property is in an R-B zoning district on Edison Street in New Bedford. Nearby uses include single- and multifamily residences and a Prime Storage facility. Outside storage and permitted uses are subject to applicable requirements.
Key Highlights
- Approximately 760 square feet of warehouse space on a 3002‑square‑foot parcel
- Building measures 38 x 20'
- Two oversized overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,837
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,740
$176.7K
Cap Rate 7%
$126,243
$126.2K
Cap Rate 9%
$98,189
$98.2K
Market Conditions
NOI Build-Up for 760 SF
Gross rent
$10.9K $14.40/SF
− Vacancy
−$547 −$0.72/SF
EGI
$10.4K $13.68/SF
− OpEx
−$1.6K −$2.05/SF
NOI
$8.8K $11.63/SF
Area
New Bedford, MA
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,740
Cap Rate 7%
$126,243
Cap Rate 9%
$98,189
Alternative Uses
Best Use
Warehouse
$126.2K
$110.5K – $147.3K
NOI $8,837 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$224.1K
$196.1K – $261.4K
NOI $15,686 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- JJ Web Inc. Moving and Storage — 19 Jean St, New Bedford, MA 02746
- Prime Storage — 969 Shawmut Ave, New Bedford, MA 02746
- Storage Units — 95 brook st, new bedford, ma 02746
- Southcoast Storage Depot — 95 Brook St, New Bedford, MA 02746
- Self-Storage at U-Haul — 415 Mt Pleasant St, New Bedford, MA 02746
Frequently Asked Questions
What type of property is this?
Warehouse - Two oversized overhead doors and paved driveways provide practical access for equipment and vehicles.
Where is this warehouse located?
The property is located at 37 Edison St New Bedford, MA.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Approximately 760 square feet of warehouse space on a 3002‑square‑foot parcel; Building measures 38 x 20'; Two oversized overhead doors
