Renovated Downtown Office
For Sale
Contact for pricing
555 Pleasant St # 2C, New Bedford, MA 02740
Modern office space in a historic downtown building with elevator service and tenant parking availability.
Property Size700 SF
Price / SF$3.43
Days on Market51
Property Features for 555 Pleasant St # 2C
General Information
Standard status
Active
Size
700 SF
Elevators
Yes
Property subtype
Commercial
Zoning
MUB
Lease Type
Gross
Taxes and HOA fees
Annual Taxes
$32,402
Amenities
common bathroom
Building Details
Building Size
700 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 11
Changed: Oct 31
Last Checked: Oct 30 at 12:41PM
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.
This 700-square-foot office unit occupies the Standard Times Building, a downtown property constructed in 1894. The suite has been renovated with a modern office finish and benefits from elevator access and a shared hallway bathroom.
The property is located at 555 Pleasant St in New Bedford, Massachusetts. Parking is available for tenants, providing an on-site option for office users.
The property is located at 555 Pleasant St in New Bedford, Massachusetts. Parking is available for tenants, providing an on-site option for office users.
Key Highlights
- 700 SF renovated office unit
- Located in the Standard Times Building, built in 1894
- Elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,584
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,680
$211.7K
Cap Rate 7%
$151,200
$151.2K
Cap Rate 9%
$117,600
$117.6K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$16.8K $24.00/SF
− Vacancy
−$2.7K −$3.84/SF
EGI
$14.1K $20.16/SF
− OpEx
−$3.5K −$5.04/SF
NOI
$10.6K $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%
$211,680
Cap Rate 7%
$151,200
Cap Rate 9%
$117,600
Alternative Uses
Best Use
Office B
$151.2K
$132.3K – $176.4K
NOI $10,584 @ 7.0% cap · market cap 441.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$206.4K
$180.6K – $240.8K
NOI $14,448 @ 7.0% cap · market cap 602.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,162
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 unit - Modern office space in a historic downtown building with elevator service and tenant parking availability.
Where is this office unit located?
The property is located at 555 Pleasant St # 2C New Bedford, MA.
What are key features of this property?
This property features: 700 SF renovated office unit; Located in the Standard Times Building, built in 1894; Elevator access
