Building Details

Building Size 2,934 SF

Year Built 1925

Stories 2

Listing Agency: Coastal Realty Show Phone

Listed By: Stephen Ferreira Show Phone

Source: Churchillprop

Added: May 29 Changed: Oct 6 Last Checked: Oct 19 at 4:38AM

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Investment Insights

Based on property information with market context.

Built in 1925, this 2,934-square-foot mixed-use property is currently configured for a beauty salon. The interior includes two full bathrooms and a flexible layout that can support continued salon operations or other commercial configurations. A paved parking lot provides approximately 15 parking spaces.

Located at 66 Rockdale Ave in New Bedford’s South End, the property carries MUB zoning. The existing setup may also accommodate professional office or retail uses, while any residential conversion or alternate use remains subject to local zoning and required approvals.

Key Highlights

• 2,934‑square‑foot mixed‑use property built in 1925
• Currently operating as a beauty salon
• Two full bathrooms and flexible interior layout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,047

Cap Rate

7.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$760,940 $760.9K

Cap Rate 7%

$543,529 $543.5K

Cap Rate 9%

$422,744 $422.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,934 SF

Gross rent

$66.9K $22.80/SF

− Vacancy

−$6.0K −$2.05/SF

EGI

$60.9K $20.75/SF

− OpEx

−$22.8K −$7.78/SF

NOI

$38.0K $12.97/SF

Area

New Bedford, MA

Vacancy

9.00%

Lease Rate

$22.80 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$760,940

Cap Rate 7%

$543,529

Cap Rate 9%

$422,744

Alternative Uses

Best Use

Mixed Use

$543.5K

$475.6K – $634.1K (±1% cap)

NOI $38,047 @ 7.0% cap · market cap 7.32%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$865.1K

$757.0K – $1.01M (±1% cap)

NOI $60,558 @ 7.0% cap · market cap 11.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Style Makers Salon Hair Salon

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

706

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Operating salon with two full bathrooms, paved parking, and a flexible floor plan.

Where is this mixed-use property located?

The property is located at 66 Rockdale Ave New Bedford, MA.

What is the asking price?

The asking price for this property is $519,900.

What are key features of this property?

This property features: 2,934‑square‑foot mixed‑use property built in 1925; Currently operating as a beauty salon; Two full bathrooms and flexible interior layout