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135 Potter St New Bedford, MA 02740

Manufacturing properties Google Maps
37,127 SF 1.18 ac lot Built 1919
Entity Owned 24-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.06M
Range $954k – $1.17M (±10%)
Property ID US38-0553412

Property summary

AI-generated overview

This exceptional 8,300 square foot industrial property in New Bedford offers a rare combination of warehouse, cold storage, and flex space, ideal for various uses. Its strategic location directly on Interstate 195 provides excellent visibility and accessibility, with signage opportunities available to maximize brand exposure. Previously used for food production, this USDA-certified compliant space features a large production area, multiple cold rooms, a freezer, and refrigerator rooms, making it well-suited for similar operations. The property includes a convenient loading dock and ample parking accommodating tractor-trailers, with 13,000 square feet of paved parking area. For added convenience and functionality, a 1,250 square foot second-floor office space is available for lease at an additional cost. The building boasts robust infrastructure, including high-pressure natural gas and a 700-amp, three-phase electrical service (208/480v), ensuring sufficient power for demanding operations. This versatile space presents a unique opportunity for businesses seeking a well-equipped and strategically located industrial facility. Immediate occupancy is available.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1919
Construction FRAME
Total area 37,127 SF
Lot 1.18 ac (51,457 SF)
Zoning code IB
APN NEWB M:0082 L:0154
UPID US38-0553412

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop
  • Pet Grooming Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$1.06M

Owner & transaction history

since 2002
7 recorded transactions
2023
Price N/A
2020
Price N/A
2016
Price N/A
2005
Price N/A
2003
Price N/A
2002
$500,000
2002
Price N/A

Zoning & alternative use

IB · New Bedford, MA
Zoning description

The intent of this zone is to promote Industrial B uses.

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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