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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Investment properties
13 Ctr St New Bedford, MA 02740-6381
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1375855
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1790
Construction
FRAME
Total area
3,494 SF
Lot
0.03 ac (1,102 SF)
Zoning code
IA
APN
NEWB M:0053 L:0187
UPID
US38-1375855
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
Current use
Occupant on record · Public records
-
Sea Born Products Specialty Food Shop Fish Market
-
Pierre & Company LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$700k
Owner & transaction history
Oliveira Investment INC · 2 yrs held
Oliveira Investment INC
since 2023
Last sale
$675,000
5 recorded transactions
Zoning & alternative use
IA · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$565,000
+24.5%
Neighborhood: shopping center
$535,000
+17.6%
Retail stores
$520,000
+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
$785,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$455,000
Current use
AUTO REPAIR, GARAGE
$565,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$535,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$460,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$460,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $675k (Oct 31 2023)
Last sale anchor
$675k
Oct 31 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
$200 / 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
$483,900
Assessed 2024
Previous assessed
$483,900
+0.0% YoY
Assessed land
$107,600
Assessed improvement
$376,300
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
1790
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
1
Rooms
5
Bathrooms
4
Total area
3,494 SF
Lot
0.03 ac (1,102 SF)
Zoning code
IA
APN
NEWB M:0053 L:0187
UPID
US38-1375855
Jurisdiction
NEW BEDFORD
Zoning & alternative use
IA · New Bedford, MA
Zoning IA · permitted uses
IA · 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
$455,000
AUTO REPAIR, GARAGE
Est. value
$565,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$535,000
RETAIL STORES
Est. value
$520,000
WAREHOUSE, STORAGE
Est. value
$460,000
OFFICE BUILDING
Est. value
$460,000
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
1790
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
1
Rooms
5
Bathrooms
4
Lot
0.03 ac
Current owner
From public records · entity-resolved
Oliveira Investment INC
Entity
Mailing address
13 CTR ST, NEW BEDFORD, MA 02740-6381
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
Oct 31, 2023
$675,000
Oliveira Investment INC
Tallman Associates LLC
Quit Claim Arm's Length For Ne States
$573,750 · Jeffrey M Lang
Sep 10, 2010
—
Tallman Assoc LLC
—
Deed Of Trust
related
$334,000 · Webster Bank
Jun 20, 2003
$450,000
Tallman Assoc LLC
Waterfront Historic Area
Grant Deed
$360,000 · First Federal Savings
Jun 20, 2003
—
Waterfront Historic Leagu
—
Deed Of Trust
related
$185,000 · Compass Bank For Savings
Dec 10, 1993
—
Waterfront Histrc Area
—
Deed Of Trust
related
$46,000 · Grinnell Mansion Cong
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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