Shopping Center Retail
For Sale
Contact for pricing
950 Kings Hwy # 20, New Bedford, MA 02745
One of five available units within a retail plaza near Route 140 entrance and exit ramps.
Property Size13,445 SF
Price / SF$0.00
Days on Market47
Property Features for 950 Kings Hwy # 20
General Information
Standard status
Active
Size
13,445 SF
Property subtype
Commercial
Zoning
PB
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$469,814
Building Details
Building Size
13,445 SF
Year Built
1965
Listing Agency:
Coastal Realty
(508) 990-4280
Listed By:
Noble Vincent · License #106427
(413) 626-1655
Source:
Churchillprop
Added: Sep 16
Changed: Oct 31
Last Checked: Oct 30 at 11:50AM
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.
This shopping center property includes one of five units currently available within a retail plaza at 950 Kings Hwy, New Bedford. The listed property size is 13,445 square feet, with PB zoning and an original construction year of 1965. The center includes established destination tenants and a diversified mix serving retail, office, healthcare, and service-oriented users.
Access is provided from Kings Hwy, with Route 140 entrance and exit ramps identified as a nearby connection. The plaza is described as having internal circulation, established co-tenancy, and recurring customer activity throughout the day. The property is offered for sale.
Access is provided from Kings Hwy, with Route 140 entrance and exit ramps identified as a nearby connection. The plaza is described as having internal circulation, established co-tenancy, and recurring customer activity throughout the day. The property is offered for sale.
Key Highlights
- One of five units currently available
- 13,445‑square‑foot listed property size
- PB zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,830
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,636,600
$3.6M
Cap Rate 7%
$2,597,571
$2.6M
Cap Rate 9%
$2,020,333
$2.0M
Market Conditions
NOI Build-Up for 13,445 SF
Gross rent
$282.3K $21.00/SF
− Vacancy
−$22.6K −$1.68/SF
EGI
$259.8K $19.32/SF
− OpEx
−$77.9K −$5.80/SF
NOI
$181.8K $13.52/SF
Area
New Bedford, MA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,636,600
Cap Rate 7%
$2,597,571
Cap Rate 9%
$2,020,333
Alternative Uses
Best Use
Retail
$2.60M
$2.27M – $3.03M
NOI $181,830 @ 7.0% cap · market cap 1,515,250.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.96M
$3.47M – $4.63M
NOI $277,505 @ 7.0% cap · market cap 2,312,541.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
216k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 24%
Groceries 16%
Apparel 12%
Stop & Shop
Groceries
35,641 visits/mo
0.4 miles
McDonald's
Dining
26,699 visits/mo
0.3 miles
Wendy's
Dining
21,784 visits/mo
0.4 miles
Savers Thrift Store
Apparel
16,012 visits/mo
0.1 miles
Ocean State Job Lot
Shops & Services
13,599 visits/mo
0.2 miles
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - One of five available units within a retail plaza near Route 140 entrance and exit ramps.
Where is this shopping center located?
The property is located at 950 Kings Hwy # 20 New Bedford, MA.
What are key features of this property?
This property features: One of five units currently available; 13,445‑square‑foot listed property size; PB zoning
