Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    500 Kings Hwy New Bedford, MA 02745
    Back to Search
    Property profile & analytics

    500 Kings Hwy New Bedford, MA 02745

    View on Map
    • Retail properties & Spaces
    • 193,970 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SpeeDee Oil Change & Auto Service / Auto Repair Shop
    • Bristol Dental / Dental Office
    • Olegario Eduardo DDS / Dental Office
    • Lee Chong S DDS / Dental Office
    • WOW! Work Out World of New Bedford / Gym & Fitness Center

    Property Details for 500 Kings Hwy

    Property size
    193,970 SF
    Property type
    Retail properties & Spaces

    Description

    Fieldstone Marketplace presents a prime retail opportunity in the thriving New Bedford market. This 193,970 square foot multi-tenant retail center boasts a dynamic mix of established local businesses and nationally recognized brands, ensuring a diverse and consistent customer base. Located on Kings Highway, the property benefits from a full-traffic signal, maximizing visibility and accessibility. Currently, five spaces are available, ranging in size from 1,265 square feet to 13,445 square feet, offering flexibility for various retail concepts. The center's success is evidenced by a remarkably high customer repeat visitation rate of 6.35 visits per person, demonstrating strong community engagement and loyalty. Anchored by popular tenants such as Dunkin', Dollar Tree, and Sally Beauty, alongside well-regarded local favorites like Golden Star Chinese Restaurant, Fieldstone Marketplace provides a compelling blend of established brands and local favorites, catering to the diverse needs of the New Bedford community. This high-traffic location, coupled with a strong tenant mix and high customer frequency, presents a unique opportunity for businesses seeking a vibrant and established retail presence in a rapidly developing area. The available spaces offer significant potential for growth and profitability within a proven, successful retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.941
    Latitude
    41.6731

    Comparable in this City

    • Value Estimation
      $710,000
      6,784 SF

      861st Ashley Blvd

      NURSERY, GREENHOUSE, FLORIST • 6,784 SF
      861st Ashley Blvd, New Bedford, MA 02745-2401
      View Details
    • Value Estimation by Request
      599 SF

      2325 Acushnet Ave

      RETAIL STORES (PERSONAL SERVICES) • 599 SF
      2325 Acushnet Ave, New Bedford, MA 02745
      View Details
    • Value Estimation
      $3,265,000
      15,239 SF

      2968 Acushnet Ave

      RETAIL STORES (PERSONAL SERVICES) • 15,239 SF
      2968 Acushnet Ave, New Bedford, MA 02745-3620
      View Details
    • Value Estimation by Request
      1,620 SF

      2061 Acushnet Ave

      RESTAURANT • 1,620 SF
      2061 Acushnet Ave, New Bedford, MA 02745-6138
      View Details
    • Value Estimation
      $2,000,000
      2,440 SF

      1193 Ashley Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,440 SF
      1193 Ashley Blvd, New Bedford, MA 02745-2419
      View Details
    • Value Estimation
      $575,000
      1,780 SF

      865 Ashley Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,780 SF
      865 Ashley Blvd, New Bedford, MA 02745-2401
      View Details

    Similar Nearby for Sale

    • $1,650,000

      Established Sports Pub with Real Estate

      Turnkey sports pub with real estate and development potential.
      218 Coggeshall St, New Bedford, MA 02745
      View Details
    • $1,650,000

      Established Sports Pub with Real Estate

      Turnkey sports pub with real estate and development potential.
      218 Coggeshall St, New Bedford, MA 02745
      View Details
    • Contact for pricing
      1,544 SF

      Established Pizza Restaurant For Sale

      Turnkey pizza restaurant with real estate, business, and equipment included.
      4326 Acushnet Ave, New Bedford, MA 02745
      View Details
    • $1,500,000

      Retail/Office Building Near Train Station

      Large building with retail and office space near train station.
      525-527 Church St, New Bedford, MA 02745
      View Details
    • $379,000

      Restaurant and Property For Sale

      Freestanding commercial property with restaurant business for sale.
      4422 Acushnet Ave, New Bedford, MA 02745
      View Details
    • Contact for pricing

      New Bedford Commercial Land Parcel

      Three-acre lot in New Bedford Business Park for sale.
      61 John Vertente Blvd, New Bedford, MA 02745
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,600 SF

      Retail Space with Drive-Thru

      Retail space suitable for QSR or convenience retail center.
      1230 Braley Rd, New Bedford, MA 02745
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Near Train Station

      Highly visible retail space near Church St. Train Station.
      1014-1068 Kings Hwy, New Bedford, MA 02745
      View Details
    • Contact for pricing

      High-Traffic Commercial Plaza Available

      Thriving commercial plaza with excellent visibility and access.
      950 Kings Hwy, New Bedford, MA 02745
      View Details
    • Contact for pricing
      4,719 SF

      Versatile Office Space in New Bedford

      Adaptable office building with flexible layout and convenient location.
      1167-1177 Ashley Blvd, New Bedford, MA 02745
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Kings Hwy
    New Bedford, MA 02745
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    500 Kings Hwy, New Bedford, MA, 02745
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!