00 Heritage Acres Westport — Photo 1 of 7
$10,000,000
Investment Analysis — 00 Heritage Acres
Westport, MA 02790 — North Westport
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a home in 02790 carries an estimated $1,330/mo in gross rent — about a 0.06% cap rate and $6,009/yr in estimated NOI at the $10,000,000 list price. Adjust every assumption in the calculator below.
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Welcome to Heritage Acres #3, (approx 167 acres - made up of 3 lots) a unique development opportunity comprising three of six parcels within a larger 238-acre tract. This parcel is accessible via a J Dr and offers significant potential for future development.A conceptual subdivision plan, originally approved by the Planning Board in the 1970s, reflects a layout of smaller residential lots; however, it is important to note that wetlands were not considered under the original approval. Based on preliminary review, subject to current zoning, environmental review, and permitting.The property is being offered as-is. No percolation tests or engineering studies have been completed to date.This land presents an excellent opportunity for a variety of development concepts, including a cottage cluster community, smaller single-family homes, or a 55+ residential community featuring compact homes and low-maintenance yards. Lot is also in the STOD zoning district.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
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Listing Agent: Nicole Plante
Listing Office: Even Keel Realty, Inc.
MLS® Number: 73579883
