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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Showrooms
128 Grinnell St, New Bedford, MA 02740-5757
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-0507038
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1940
Construction
FRAME
Total area
3,916 SF
Lot
0.09 ac (4,029 SF)
Zoning code
MUB
APN
NEWB M:0036 L:0226
UPID
US38-0507038
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
$560k
CAP Approach
CAP
$780k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$560k
Owner & transaction history
Mak Electric LLC · 1 yrs held
Mak Electric LLC
since 2024
Last sale
$558,725
6 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$635,000
+24.5%
Neighborhood: shopping center
$600,000
+17.6%
Retail stores
$585,000
+15.1%
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
$560,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$510,000
Current use
AUTO REPAIR, GARAGE
$635,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$520,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$515,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $559k (Nov 25 2024)
Last sale anchor
$559k
Nov 25 2024
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
$143 / 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
Tax billed
$4,173
Tax year 2024
Assessed value
$167,200
Assessed 2024
Previous assessed
$167,200
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$70,800
Assessed improvement
$96,400
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
3,916 SF
Lot
0.09 ac (4,029 SF)
Zoning code
MUB
APN
NEWB M:0036 L:0226
UPID
US38-0507038
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
COMMERCIAL (GENERAL) Current
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$600,000
RETAIL STORES
Est. value
$585,000
WAREHOUSE, STORAGE
Est. value
$520,000
OFFICE BUILDING
Est. value
$515,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1940
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Mak Electric LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6 MIDDLEFIELD PL, ACUSHNET, MA 02743-2638
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
$558,725
Mak Electric LLC
Richard A Silvia
Deed
—
Oct 12, 2022
—
Richard A Silvia
124 Grinnell St RT
Quit Claim Deed
related
—
Dec 26, 2019
—
124 Grinnell Street RT
—
Deed
related
$80,000 · Taunton Federal Credit Union
Jan 18, 2002
—
Lars Vinjerud 2nd
—
Deed Of Trust
related
$405,000 · Slades Ferry Trust Co
May 15, 2000
$114,000
Lars Vinjerud 2nd
Tj RT
Grant Deed
$70,000 · Compass Bank For Savings
Oct 14, 1988
—
Thomas P Driscoll
—
Deed Of Trust
related
$60,000 · Bank Of New England
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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