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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Manufacturing properties
14 Ss St, New Bedford, MA 02740-7221
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1497713
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1984
Construction
STEEL FRAME
Total area
12,930 SF
Lot
0.82 ac (35,728 SF)
Zoning code
WI
APN
NEWB M:0031 L:0273
UPID
US38-1497713
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
-
Portside Sea Products Food Market Farmer's Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.25M
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.25M
Owner & transaction history
South St Real Estate LLC · 1 yrs held
South St Real Estate LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
WI · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+42.6%
Apartment house (5+ units)
$2.1M
+41.2%
Neighborhood: shopping center
$2.0M
+34.7%
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
$2,250,000
ML approach
$2,250,000
CAP Approach
CAP Return
Estimation
6%
$2,120,000
6.5%
$1,960,000
7%
$1,820,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,465,000
Current use
AUTO REPAIR, GARAGE
$2,090,000
Change: +43% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,070,000
Change: +41% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,975,000
Change: +35% · Conversion: Difficult
RESTAURANT
$1,970,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$1,935,000
Change: +32% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,710,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$1,695,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.25M (Sep 9 2024)
Last sale anchor
$2.25M
Sep 9 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
$174 / 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
$39,479
Tax year 2024
Assessed value
$1,581,700
Assessed 2024
Previous assessed
$1,581,700
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$761,600
Assessed improvement
$820,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
12,930 SF
Lot
0.82 ac (35,728 SF)
Zoning code
WI
APN
NEWB M:0031 L:0273
UPID
US38-1497713
Jurisdiction
NEW BEDFORD
Zoning & alternative use
WI · New Bedford, MA
Zoning WI · permitted uses
WI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
RESTAURANT
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1984
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.82 ac
Current owner
From public records · entity-resolved
South St Real Estate LLC
Entity
Mailing address
14 SS ST, NEW BEDFORD, MA 02740-7221
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
$2,250,000
South St Real Estate LLC
Flynn Realty LLC
Quit Claim Arm's Length For Ne States
$1,556,000 · Bristol County Savings Bank
Aug 2, 2013
—
Flynn Realty LLC
—
Deed Of Trust
related
$800,000 · Webster Bank
Jun 6, 2012
—
Flynn Realty LLC
—
Deed Of Trust
related
$500,000 · Elite Seafood Ltd
Jan 21, 2009
$700,000
14 South Street LLC
Speck Realty LLC
Grant Deed
—
Dec 12, 2000
—
Speck Rlty LLC
—
Deed Of Trust
related
$271,000 · Bay Colony Dev Corp
Sep 15, 2000
$650,000
Speck Realty LLC
Melanson,kenneth A
Grant Deed
—
Jan 31, 1992
$415,000
Kenneth A Melanson
Sea Pac Corp
Grant 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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