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Property profile & analytics
OFF-MARKET
Turn key restaurants
1309 Phillips Rd, New Bedford, MA 02745-1941
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-1571016
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1975
Construction
FRAME
Total area
3,655 SF
Lot
0.62 ac (27,077 SF)
Zoning code
MUB
APN
NEWB M:0132 L:0613
UPID
US38-1571016
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
-
Jade Garden Restaurant
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
K&w 38 RT · 12 yrs held
K&w 38 RT
since 2013
7 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
$13,870
Tax year 2024
Assessed value
$555,700
Assessed 2024
Previous assessed
$555,700
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$295,100
Assessed improvement
$260,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
3,655 SF
Lot
0.62 ac (27,077 SF)
Zoning code
MUB
APN
NEWB M:0132 L:0613
UPID
US38-1571016
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
1975
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
K&w 38 RT
Individual
Mailing address
1309 PHILLIPS RD, NEW BEDFORD, MA 02745-1941
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2013
$405,000
K&w 38 RT
Jg RT
Quit Claim Arm's Length For Ne States
$324,000 · St Annes Credit Union
Aug 19, 2008
$360,000
Jg RT
1309 Phillips Road RT
Grant Deed
$249,999 · Gary Needham
Aug 9, 2004
—
1309 Phillips Road RT
—
Deed Of Trust
related
$240,000 · Hingham Institute For Savings
Jun 18, 2002
—
Phillips Rd RT 1309
—
Deed Of Trust
related
$25,000 · South Bend Rel Est
May 15, 2002
$295,000
Phillips Rd RT 1309
South Bend Real Estate
Grant Deed
$225,000 · Compass Bank For Savings
Mar 12, 1987
—
Muldoons Rlty Assoc
—
Deed Of Trust
related
$200,000 · Bank Of New England
—
—
K & W 38 Realty Trust
—
Deed Of Trust
related
$410,000 · St Anne's Cu
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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