Renovated Office
For Sale
Contact for pricing
555 Pleasant St # Suite 3C, New Bedford, MA 02740
Renovated office space offers elevator access, a shared hall bathroom, and available tenant parking.
Property Size2,432 SF
Price / SF$1.19
Days on Market56
Property Features for 555 Pleasant St # Suite 3C
General Information
Standard status
Active
Size
2,432 SF
Elevators
Yes
Property subtype
Commercial
Zoning
MUB
Taxes and HOA fees
Annual Taxes
$32,402
Amenities
common bathroom
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 6
Changed: Oct 31
Last Checked: Oct 30 at 12:33PM
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
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Investment Insights
Based on property information with market context.
Suite 3C provides 2,432 square feet of renovated office space within the Standard Times Building, a 1894 property in downtown New Bedford. The office can be divided or reconfigured to support multiple business layouts, offering flexibility for users seeking a substantial professional workspace.
Building features include elevator service, a common bathroom located in the hall, and parking available for tenants. The property is zoned MUB and is located at 555 Pleasant St in New Bedford, Massachusetts.
Building features include elevator service, a common bathroom located in the hall, and parking available for tenants. The property is zoned MUB and is located at 555 Pleasant St in New Bedford, Massachusetts.
Key Highlights
- 2,432‑square‑foot office suite
- Located in the 1894 Standard Times Building
- Renovated office interior with flexible subdivision potential
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 1,268.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$717.1K
$627.5K – $836.6K
NOI $50,196 @ 7.0% cap · market cap 1,730.90%
Zoning and permitted uses should be independently verified with authorities.
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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 - Renovated office space offers elevator access, a shared hall bathroom, and available tenant parking.
Where is this office unit located?
The property is located at 555 Pleasant St # Suite 3C New Bedford, MA.
What are key features of this property?
This property features: 2,432‑square‑foot office suite; Located in the 1894 Standard Times Building; Renovated office interior with flexible subdivision potential
