5 Ventura DrDartmouth, MA 02747

  • Office properties
  • 7,260 SF
For Lease
$18/SF/YR View listing

Property Details for 5 Ventura Dr

Year built
1988
Construction
STEEL FRAME
Lot size
1.08 AC
Property size (Sq ft)
7,260 SF
Zone code
LI
Property type
Office properties
Property subtype
Office buildings
APN
DART M:0063 B:0011 L:0016
APU
DARTM0063B0011L0016

Description

This exceptional 7,260 square foot office building is ideally situated at 5 Ventura Drive in Dartmouth, Massachusetts, just off Faunce Corner Road and conveniently located north of I-195. The property sits on 1.08 acres of land and boasts 40 parking spaces, ensuring ample convenience for staff and clients. Built in 1988, this single-tenant building is currently vacant and available for immediate occupancy, with an availability date of November 1st. The flexible space is zoned LI (Light Industrial) and is suitable for a variety of uses, including traditional office, medical office, or creative office settings. The building's previous occupant was a day habilitation program for a human services organization. Property taxes are $1.61 per square foot. The building offers a fantastic opportunity for businesses seeking a well-located, spacious, and readily available office space in a thriving area of Dartmouth. This is a rare chance to acquire a substantial office building with significant parking in a desirable location. The property's versatility makes it an attractive investment for a wide range of potential users. Inquire today to learn more about this exceptional opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,200,295
    6.5%
    $1,107,964
    7%
    $1,028,824
  • Comparable approach

    Method
    Valuation
    Relative Method
    $948,592
    Geo Method
    $948,592
  • Alternative Use

    Use
    Valuation
    Residential
    $1,373,876
    Hospitality
    $1,258,463
    Educational
    $1,047,026
    Medical
    $1,083,035
    Retail
    $1,628,708
5 Ventura Dr, Dartmouth, Massachusetts

Location Insight

City
Dartmouth
County
Bristol
State
Massachusetts
Latitude
41.6678
Longitude
-70.9903
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,273
$233,900
$370,900
$604,800
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-
-
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