Office Building with Hardwood
For Sale
Contact for pricing
Pending
460 County St Unit 1, New Bedford, MA 02740
Professional office space offers central air, hardwood flooring, and off-street parking in a downtown setting.
Property Size3,038 SF
Days on Market57
Property Features for 460 County St Unit 1
General Information
Standard status
Pending
Size
3,038 SF
Property subtype
Commercial
Amenities
central air
hardwood floors
off-street parking
Building Details
Year Built
1965
Listing Agency:
Coastal Realty
(508) 990-4280
Listed By:
Lori A. Nery · License #451501061
(508) 736-2387
Source:
Lockandkeyre
Added: Sep 3
Changed: Oct 29
Last Checked: Oct 28 at 8:44AM
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.
Built in 1965, this 3038-square-foot office building provides a professional setting with central air, hardwood floors, and off-street parking. The property is identified at 460 County St Unit 1 and offers an established office environment for business operations.
The building is in downtown New Bedford, directly across from multiple courthouses, banks, and administrative buildings. Route 18 provides convenient access, while museums, restaurants, hotels, shops, and waterfront and cultural attractions are located throughout the surrounding downtown area.
The building is in downtown New Bedford, directly across from multiple courthouses, banks, and administrative buildings. Route 18 provides convenient access, while museums, restaurants, hotels, shops, and waterfront and cultural attractions are located throughout the surrounding downtown area.
Key Highlights
- 3038‑square‑foot office building constructed in 1965
- Central air and hardwood floors
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,935
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,700
$918.7K
Cap Rate 7%
$656,214
$656.2K
Cap Rate 9%
$510,389
$510.4K
Market Conditions
NOI Build-Up for 3,038 SF
Gross rent
$72.9K $24.00/SF
− Vacancy
−$11.7K −$3.84/SF
EGI
$61.2K $20.16/SF
− OpEx
−$15.3K −$5.04/SF
NOI
$45.9K $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%
$918,700
Cap Rate 7%
$656,214
Cap Rate 9%
$510,389
Alternative Uses
Best Use
Office B
$656.2K
$574.2K – $765.6K
NOI $45,935 @ 7.0% cap · market cap 1,391.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$895.8K
$783.8K – $1.05M
NOI $62,704 @ 7.0% cap · market cap 1,900.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,264
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Professional office space offers central air, hardwood flooring, and off-street parking in a downtown setting.
Where is this office building located?
The property is located at 460 County St Unit 1 New Bedford, MA.
What are key features of this property?
This property features: 3038‑square‑foot office building constructed in 1965; Central air and hardwood floors; Off‑street parking
