Office Suite with
For Sale
Contact for pricing
555 Pleasant St # Suite 4, New Bedford, MA 02740
The space can be reconfigured into separate work areas and includes access to shared restroom facilities.
Property Size2,432 SF
Price / SF$1.40
Days on Market34
Property Features for 555 Pleasant St # Suite 4
General Information
Standard status
Active
Size
2,432 SF
Elevators
Yes
Property subtype
Commercial
Zoning
MUB
Taxes and HOA fees
Annual Taxes
$32,402
Building Details
Building Size
2,432 SF
Year Built
1894
Listing Agency:
RE/MAX Vantage
(774) 992-0297
Listed By:
Team ROSO · License #TM333617
(508) 951-4104
Source:
Churchillprop
Added: Sep 28
Changed: Oct 25
Last Checked: Oct 30 at 11:43AM
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 RE/MAX Vantage
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the Standard Times Building in downtown New Bedford, this 2,432-square-foot office suite was renovated and offers elevator access. Its layout can be divided into multiple business spaces, with a shared bathroom in the hall.
The building dates to 1894 and is zoned MUB. Tenant parking is available for an additional charge.
The building dates to 1894 and is zoned MUB. Tenant parking is available for an additional charge.
Key Highlights
- 2,432‑square‑foot office suite
- Renovated space that can be divided to accommodate multiple businesses
- Elevator access and a shared hallway bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,772
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,440
$735.4K
Cap Rate 7%
$525,314
$525.3K
Cap Rate 9%
$408,578
$408.6K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$58.4K $24.00/SF
− Vacancy
−$9.3K −$3.84/SF
EGI
$49.0K $20.16/SF
− OpEx
−$12.3K −$5.04/SF
NOI
$36.8K $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%
$735,440
Cap Rate 7%
$525,314
Cap Rate 9%
$408,578
Alternative Uses
Best Use
Office B
$525.3K
$459.7K – $612.9K
NOI $36,772 @ 7.0% cap · market cap 1,081.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$717.1K
$627.5K – $836.6K
NOI $50,196 @ 7.0% cap · market cap 1,476.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,162
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 - The space can be reconfigured into separate work areas and includes access to shared restroom facilities.
Where is this office unit located?
The property is located at 555 Pleasant St # Suite 4 New Bedford, MA.
What are key features of this property?
This property features: 2,432‑square‑foot office suite; Renovated space that can be divided to accommodate multiple businesses; Elevator access and a shared hallway bathroom
