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Property profile & analytics
OFF-MARKET
Gas stations
1253 Cv Rd, New Bedford, MA 02744-1110
Individually Owned
2-yr Hold
Free & Clear
Property ID
US38-0886257
Property summary
AI-generated overview
This 900-square-foot commercial property at 1253 Cove Road, New Bedford, MA 02744, offers a unique investment opportunity. Located in a high-traffic area, the single-tenant building sits on a 9,150-square-foot lot. The property's previous use was as a gas station, and the seller states that underground tanks have been removed and the site is environmentally clean. The building is currently vacant. Adding to its potential, a contiguous 0.09-acre vacant lot zoned Residential C on Scott Street is included in the sale. This presents a combined commercial and residential development opportunity. Possible uses include a retail storefront, used car lot, or a larger-scale project incorporating the abutting lot, such as an apartment building with on-site parking. The property is classified as Retail, Office, and Land, and is situated in Bristol County, Massachusetts. This versatile property offers numerous possibilities for a savvy investor.
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1991
Construction
CONCRETE
Total area
816 SF
Lot
0.21 ac (9,004 SF)
Zoning code
MUB
APN
NEWB M:0020 L:0280
UPID
US38-0886257
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ali Murad · 2 yrs held
Ali Murad
since 2023
Last sale
$60,000
3 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax billed
$9,390
Tax year 2024
Assessed value
$376,200
Assessed 2024
Previous assessed
$376,200
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$155,300
Assessed improvement
$220,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
816 SF
Lot
0.21 ac (9,004 SF)
Zoning code
MUB
APN
NEWB M:0020 L:0280
UPID
US38-0886257
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.
Building & site characteristics
From public records
Year built
1991
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Ali Murad
Individual
Free & Clear · 2 yrs held
Mailing address
1253 CV RD, NEW BEDFORD, MA 02744-1110
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2023
$60,000
Ali Murad
Speedway LLC
Warranty Deed
—
Dec 12, 2022
—
Speedway LLC
Hess Corp
Warranty Deed
—
Dec 8, 2014
—
Hess Retail Stores LLC
Hess Corp
Warranty 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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