Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1309 Phillips Rd New Bedford, MA 02745-1941

    • Turn key restaurants
    • 3,655 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimation
    $420,000
    Location Intelligence
    Property ID
    US38-1571016
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jade Garden / Chinese Restaurant / Restaurant

    Property Details for 1309 Phillips Rd

    Year built
    1975
    Construction
    FRAME
    Lot size
    0.62 lot acres
    Property size
    3,655 SF
    Zone code
    MUB
    Property type
    Turn key restaurants
    APN
    NEWB M:0132 L:0613
    APU
    NEWBM0132L0613

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $365,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $405,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $430,000
      Mixed-Use
      $375,000
      Hospitality
      $420,000
      Educational
      $315,000
      Residential Income
      $380,000
      Energy
      $370,000
      Income-Based Land
      $420,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9466
    Latitude
    41.7061
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,870
    $295,100
    $260,600
    $555,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $360,000
      2,365 SF

      1972-1974 Acushnet Ave

      RESTAURANT • 2,365 SF
      1972-1974 Acushnet Ave, New Bedford, MA 02745
      View Details
    • Value Estimation
      $370,000
      1,746 SF

      769 Ashley Blvd

      RESTAURANT • 1,746 SF
      769 Ashley Blvd, New Bedford, MA 02745-5549
      View Details
    • Value Estimation
      $380,000
      320 SF

      51 Tarkiln Hl Rd

      RESTAURANT • 320 SF
      51 Tarkiln Hl Rd, New Bedford, MA 02745-6306
      View Details
    • Value Estimation
      $13,850,000
      5,113 SF

      1080 Kings Hwy

      RESTAURANT • 5,113 SF
      1080 Kings Hwy, New Bedford, MA 02745-4949
      View Details
    • Value Estimation
      $425,000
      1,617 SF

      569 Tarkiln Hl Rd

      RESTAURANT • 1,617 SF
      569 Tarkiln Hl Rd, New Bedford, MA 02745
      View Details
    • Value Estimation by Request
      3,070 SF

      24 Clifford St

      RESTAURANT • 3,070 SF
      24 Clifford St, New Bedford, MA 02745-5326
      View Details

    Similar Nearby for Sale

    • $499,900
      1,544 SF

      Established Pizza Restaurant For Sale

      Turnkey pizza restaurant with real estate, business, and equipment included.
      4326 Acushnet Ave, New Bedford, MA 02745
      View Details
    • $625,000

      Established Restaurant with Outdoor Seating

      Long-standing restaurant with parking and outdoor picnic area.
      958 Ashley Blvd, New Bedford, MA 02745
      View Details
    • $149,000

      Established Restaurant Business Opportunity

      Long-running Chinese restaurant with liquor license for sale.
      9999 Acushnet Ave, New Bedford, MA 02745
      View Details
    • $379,000

      Restaurant and Property For Sale

      Freestanding commercial property with restaurant business for sale.
      4422 Acushnet Ave, New Bedford, MA 02745
      View Details
    • $500,000

      Versatile Mixed-Use Property For Sale

      Mixed-use property ideal for various businesses, medical or professional offices.
      1227 Ashley Blvd, New Bedford, MA 02745
      View Details
    • $675,000
      0.23 Acres

      Auto Service Garage For Sale

      Highly visible auto service garage near national brands.
      2147 Acushnet Ave, New Bedford, MA 02745
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,600 SF

      Retail Space with Drive-Thru

      Retail space suitable for QSR or convenience retail center.
      1230 Braley Rd, New Bedford, MA 02745
      View Details
    • $18 SF/Yr
      2,500 SF

      Retail Space Near Train Station

      Highly visible retail space near Church St. Train Station.
      1014-1068 Kings Hwy, New Bedford, MA 02745
      View Details
    • $600 /Mo

      Private Office Space Available

      Move-in ready office space with utilities included in New Bedford.
      862 Ashley Blvd, New Bedford, MA 02745
      View Details
    • $10 SF/Yr

      Warehouse/Manufacturing Space For Lease

      Prime business park location, ideal for warehousing or manufacturing.
      100 Duchaine Blvd, New Bedford, MA 02745
      View Details
    • Contact for pricing
      4,719 SF

      Versatile Office Space in New Bedford

      Adaptable office building with flexible layout and convenient location.
      1167-1177 Ashley Blvd, New Bedford, MA 02745
      View Details
    • $500 /Mo

      Professional Office Space Available

      Professional office space for lease in prime location.
      696 Ashley Blvd, New Bedford, MA 02745
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1309 Phillips Rd
    New Bedford, MA 02745-1941
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.