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    Property profile & analytics

    1227 Ashley Blvd New Bedford, MA 02745-1537

    • Investment properties
    • 3,636 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $870,000
    Last Sale
    May 09, 2023
    $800,308
    Location Intelligence
    Property ID
    US38-1353987
    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

    • Investment properties

    Property Details for 1227 Ashley Blvd

    Year built
    1955
    Construction
    FRAME
    Lot size
    0.25 lot acres
    Property size
    3,636 SF
    Zone code
    MUB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NEWB M:0130-C L:0431
    APU
    NEWBM0130CL0431

    Description

    This 3,942 sq ft vacant medical office building in New Bedford, MA, presents a unique investment opportunity. Located on a 0.25-acre lot at a high-traffic intersection (Ashley Blvd & Dutton St), it boasts over 10,000 vehicles passing daily, ensuring excellent visibility. The Class B building, constructed in 1955, offers a flexible layout suitable for various medical practices or retail uses. Its strategic location near other medical facilities, a dense residential area, and major roadways (including proximity to the Greater New Bedford Regional Vocational Technical High School and New Bedford Regional Airport) provides strong potential for client acquisition. The affluent demographics within a 5-mile radius (116,267 population, $75,699 average household income) further enhance its appeal. Priced at $500,000 ($126.84/sq ft), this property offers significant redevelopment potential or an ideal owner-user opportunity. The single-unit building is currently vacant, allowing for immediate occupancy and customization. This prime location and versatile space make it an exceptional investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $930,000

    • CAP approach

      CAP return
      Estimation
      6%
      $730,000
      6.5%
      $815,000
      7%
      $800,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $700,000
      Geo Method
      $695,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $905,000
      Retail
      $755,000
      Mixed-Use
      $790,000
      Hospitality
      $830,000
      Educational
      $870,000
      Residential Income
      $890,000
      Energy
      $715,000
      Income-Based Land
      $695,000
      Food Service
      $795,000

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9353
    Latitude
    41.6937
    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
    $0.00
    $207,800
    $260,100
    $467,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $555,000
      8,290 SF

      2111-2113 Acushnet Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 8,290 SF
      2111-2113 Acushnet Ave, New Bedford, MA 02745
      View Details
    • Value Estimation
      $235,000
      1,144 SF

      77 Princeton St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,144 SF
      77 Princeton St, New Bedford, MA 02745-5362
      View Details
    • Value Estimation
      $265,000
      3,920 SF

      789-791 Mt Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,920 SF
      789-791 Mt Pleasant St, New Bedford, MA 02745
      View Details
    • Value Estimation
      $430,000
      4,704 SF

      1411 Phillips Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,704 SF
      1411 Phillips Rd, New Bedford, MA 02745-1941
      View Details
    • Value Estimation by Request
      4,288 SF

      3574 Acushnet Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,288 SF
      3574 Acushnet Ave, New Bedford, MA 02745-4005
      View Details
    • Value Estimation
      $340,000
      3,476 SF

      2079 Acushnet Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,476 SF
      2079 Acushnet Ave, New Bedford, MA 02745-6144
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      4,719 SF

      Versatile Office Space in New Bedford

      Adaptable office building with flexible layout and convenient location.
      1167-1177 Ashley Blvd, New Bedford, MA 02745
      View Details
    • $18 SF/Yr
      2,500 SF

      Retail Space Near Train Station

      Highly visible retail space near Church St. Train Station.
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      View Details
    • $600 /Mo

      Private Office Space Available

      Move-in ready office space with utilities included in New Bedford.
      862 Ashley Blvd, New Bedford, MA 02745
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space with Drive-Thru

      Retail space suitable for QSR or convenience retail center.
      1230 Braley Rd, New Bedford, MA 02745
      View Details
    • $10 SF/Yr

      Warehouse/Manufacturing Space For Lease

      Prime business park location, ideal for warehousing or manufacturing.
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    • $500 /Mo

      Professional Office Space Available

      Professional office space for lease in prime location.
      696 Ashley Blvd, New Bedford, MA 02745
      View Details
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    1227 Ashley Blvd
    New Bedford, MA 02745-1537
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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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