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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1123 Rockdale Ave New Bedford, MA 02740-2947

    • Assisted living facilities
    • 27,576 SF
    • 1.21 lot acres
    OFF-MARKET
    Last Sale
    Dec 28, 2022
    $3,210,000
    Value Estimations
    $2,965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0674277
    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

    • Amber Seybert / Physician

    Property Details for 1123 Rockdale Ave

    Year built
    1975
    Construction
    FRAME
    Lot size
    1.21 lot acres
    Property size
    27,576 SF
    Zone code
    RA
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    NEWB M:0068 L:0093
    APU
    NEWBM0068L0093

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,475,000
      Market price range: $657k - $4.11M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $2,330,000
      Current use
      RESTAURANT
      $4,690,000
      Change: +101% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,325,000
      Change: +86% Conversion: Difficult
      MEDICAL BUILDING
      $4,095,000
      Change: +76% Conversion: Difficult
      RETAIL STORES
      $3,835,000
      Change: +65% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,045,000
      Change: +31% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,005,000
      Change: +29% Conversion: Difficult
      OFFICE BUILDING
      $2,840,000
      Change: +22% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9539
    Latitude
    41.6459
    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
    $77,848
    $374,300
    $2,744,600
    $3,118,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,950,000
      6,877 SF

      251 Walnut St

      HOMES (RETIRED, NURSING) • 6,877 SF
      251 Walnut St, New Bedford, MA 02740-4964
      View Details
    • Value Estimation
      $1,850,000
      15,338 SF

      9 Pope St

      HOMES (RETIRED, NURSING) • 15,338 SF
      9 Pope St, New Bedford, MA 02740-5425
      View Details
    • Value Estimation
      $595,000
      7,298 SF

      670 County St

      HOMES (RETIRED, NURSING) • 7,298 SF
      670 County St, New Bedford, MA 02740-6719
      View Details
    • Value Estimation
      $15,310,000
      57,705 SF

      863 Hathaway Rd

      HOMES (RETIRED, NURSING) • 57,705 SF
      863 Hathaway Rd, New Bedford, MA 02740-1916
      View Details
    • Value Estimation
      $1,415,000
      13,446 SF

      19 Taber St

      HOMES (RETIRED, NURSING) • 13,446 SF
      19 Taber St, New Bedford, MA 02740-2235
      View Details
    • Value Estimation
      $1,870,000
      48,634 SF

      397 County St

      HOMES (RETIRED, NURSING) • 48,634 SF
      397 County St, New Bedford, MA 02740-4933
      View Details

    Similar Nearby for Sale

    • $725,000

      Professional Office Near St. Lukes

      Professional office units near St. Lukes Hospital, New Bedford.
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      Iconic Historic Office Building For Sale

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      Retail Property Investment Opportunity

      Free-standing retail property with long-term tenant in New Bedford.
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      Mixed-Use Development Opportunity

      Mixed-use development opportunity in historic downtown New Bedford.
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      New Bedford Two-Family Home

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      Well-maintained two-family home with a cottage setup on a corner lot.
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    Similar Nearby for Lease

    • $5,000 /Mo
      4,331 SF

      Downtown Restaurant Space Available

      Updated restaurant space with working kitchen and potential beer garden.
      250 Union St, New Bedford, MA 02740
      View Details
    • $20 SF/Yr
      1,300 SF

      Historic Building in Downtown

      Reconstructed historic building with modern amenities in downtown New Bedford.
      895-899 Pleasant St, New Bedford, MA 02740
      View Details
    • $650 /Mo
      400 SF

      Downtown Office Space Available

      Renovated office space for lease in iconic downtown building.
      555 Pleasant St, New Bedford, MA 02740
      View Details
    • $2,500 /Mo
      3,000 SF

      New Bedford Commercial Automotive Space

      Commercial space for lease, approved for automotive repair.
      1854 Purchase St, New Bedford, MA 02740
      View Details
    • Contact for pricing
      7,884 SF

      Retail Space with Business Opportunity

      7,884 SF retail space with established flooring business option.
      1440 Purchase St, New Bedford, MA 02740
      View Details
    • $350 /Mo

      Compact Office/Storage Space Available

      75 sq ft office/storage space for lease. Option to double.
      194 Rockdale Ave, New Bedford, MA 02740
      View Details
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    1123 Rockdale Ave
    New Bedford, MA 02740-2947
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    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
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