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    Property profile & analytics

    1024 Kings Hwy New Bedford, MA 02745-4970

    • Super regional malls
    • 165,183 SF
    • 11.29 lot acres
    OFF-MARKET
    Value Estimation
    $14,040,000
    Last Sale
    Sep 16, 2024
    $14,200,000
    Location Intelligence
    Property ID
    US38-1692171
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Funz Trampoline Park / Children'S Amusement Center / Amusement Park
    • New Bedford's Liquor Warehouse / Wine Store / Beer Store
    • PCX Apparel / Clothing Store
    • Madrag / Clothing Store / Women'S Clothing Store
    • Kings Plaza / Business Center

    Property Details for 1024 Kings Hwy

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    11.29 lot acres
    Property size
    165,183 SF
    Zone code
    PB
    Property type
    Super regional malls
    APN
    NEWB M:0123 L:0109
    APU
    NEWBM0123L0109

    Description

    This 2,700 square foot retail space is located at 1024 Kings Highway, New Bedford, MA 02745, in Bristol County. The property is zoned PB and features a single-tenant occupancy. Its highly visible location, just off Route 140 and near the Church Street Train Station, ensures excellent accessibility and high traffic volume. The surrounding area boasts numerous established businesses and services, creating a thriving commercial environment. This strategic location makes it an ideal space for a variety of retail uses, capitalizing on the existing strong commercial activity and the growing population of New Bedford and the South Coast. The property's prominent position and convenient access promise a successful future for its tenant. This opportunity is particularly attractive given its current pricing, making it a compelling investment. The property's address is easily accessible and benefits from high visibility, making it an ideal location for a business seeking to establish a strong presence in the New Bedford market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $14,200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,945,000
      6.5%
      $14,080,000
      7%
      $12,940,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $13,210,000
      Geo Method
      $14,325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $12,505,000
      Retail
      $13,330,000
      Mixed-Use
      $13,245,000
      Hospitality
      $13,025,000
      Educational
      $13,865,000
      Residential Income
      $11,550,000
      Energy
      $15,405,000
      Income-Based Land
      $14,885,000
      Food Service
      $11,805,000

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9407
    Latitude
    41.6761
    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
    $310,308
    $6,416,500
    $6,015,700
    $12,432,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $430,000
      4,800 SF

      1001 Ashley Blvd

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    • Value Estimation by Request
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    • Value Estimation
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      3,484 SF

      550 Tarkiln Hl Rd

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    • Value Estimation by Request
      0.07 Acres

      37 Edison St

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      View Details
    • Value Estimation by Request
      2,350 SF

      1389 Phillips Rd

      GAS STATION • 2,350 SF
      1389 Phillips Rd, New Bedford, MA 02745-1941
      View Details
    • Value Estimation
      $380,000
      2,604 SF

      2281-2283 Acushnet Ave

      SHOW ROOM, WAREHOUSE • 2,604 SF
      2281-2283 Acushnet Ave, New Bedford, MA 02745
      View Details

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    1024 Kings Hwy
    New Bedford, MA 02745-4970
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    Realmo Value Estimation

    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.

    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.

    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
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