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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Investment properties
1227 Ashley Blvd New Bedford, MA 02745-1537
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1353987
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1955
Construction
FRAME
Total area
3,636 SF
Lot
0.25 ac (10,894 SF)
Zoning code
MUB
APN
NEWB M:0130-C L:0431
UPID
US38-1353987
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
Schrier Lt · 3 yrs held
Schrier Lt
since 2023
Last sale
$800,308
5 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$590,000
+40.5%
Neighborhood: shopping center
$555,000
+32.7%
Retail stores
$550,000
+31.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Bedford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Bedford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$930,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$590,000
Change: +41% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$555,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$550,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $800k (May 9 2023)
Last sale anchor
$800k
May 9 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$230 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$467,900
Assessed 2024
Previous assessed
$467,900
+0.0% YoY
Assessed land
$207,800
Assessed improvement
$260,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1955
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Rooms
6
Bathrooms
3
Total area
3,636 SF
Lot
0.25 ac (10,894 SF)
Zoning code
MUB
APN
NEWB M:0130-C L:0431
UPID
US38-1353987
Jurisdiction
NEW BEDFORD
Zoning & alternative use
MUB · New Bedford, MA
Zoning MUB · permitted uses
MUB · New Bedford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Bedford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$555,000
RETAIL STORES
Est. value
$550,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Rooms
6
Bathrooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
Schrier Lt
Individual
Mailing address
1227 ASHLEY BLVD, NEW BEDFORD, MA 02745-1537
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2023
$800,308
Schrier Lt
New Bedford Re Hldg LLC
Quit Claim Arm's Length For Ne States
—
Jan 3, 2023
$627,692
New Bedford Re Hldg LLC
Terravet New Bedford LLC
Quit Claim Arm's Length For Ne States
$440,000 · S & T Bank
Apr 27, 2021
$375,000
Terravet New Bedford LLC
Jeffrey J Ramsey LLC
Quit Claim Arm's Length For Ne States
—
Mar 16, 2007
—
Jeffrey J Ramsey LLC
—
Grant Deed
related
$300,000 · Webster Bank
Dec 30, 2004
$285,000
Jeffrey J Ramsey LLC
Arthur Motta Nt
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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