Property profile

1249 Ashley Blvd New Bedford, MA 02745

OFF-MARKET
Medical Office Space
Property ID
US38-1828924
5,488 SF 0.69 ac lot Built 1985
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1985
Construction FRAME
Total area 5,488 SF
Lot 0.69 ac (30,030 SF)
Zoning code RA
APN NEWB M:0130-C L:0330
UPID US38-1828924

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Law Firm
  • Insurance Agency

Location

1249 Ashley Blvd New Bedford, MA 02745-1536
New Bedford metro Census 650101 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
by Request
Comparable Approach Comparable
$676k
Blend (final) Blend
$735k

Owner & transaction history

since 2023
Last sale
$670,000
4 recorded transactions
2023
$670,000
2012
$1
2012
$1
2000
Price N/A

Zoning & alternative use

RA · New Bedford, MA
Zoning description

The intent of this zone is to promote Residential A uses.

General category RESIDENTIAL
Top alternative use upside
Restaurant $935,000 +14.7%
Office building $895,000 +9.9%
Auto repair, garage $880,000 +8.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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