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    Property profile & analytics

    140 Penniman St New Bedford, MA 02740

    • Truck terminals
    • 4,209 SF
    • 1.62 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 23, 2022
    $8,200,000
    Location Intelligence
    Property ID
    US38-1609068
    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

    • Truck terminals

    Property Details for 140 Penniman St

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    1.62 lot acres
    Property size
    4,209 SF
    Zone code
    WI
    Property type
    Truck terminals
    APN
    NEWB M:0042 L:0274
    APU
    NEWBM0042L0274

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9211
    Latitude
    41.6289
    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
    $38,071
    $1,249,200
    $276,100
    $1,525,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $440,000
      5,840 SF

      730 Acushnet Ave

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      View Details
    • Value Estimation
      $275,000
      2,576 SF

      133 Frnt St

      TRUCK TERMINAL (MOTOR FREIGHT) • 2,576 SF
      133 Frnt St, New Bedford, MA 02740-7331
      View Details
    • Value Estimation
      $480,000
      7,200 SF

      150 Herman Melville Blvd

      TRUCK TERMINAL (MOTOR FREIGHT) • 7,200 SF
      150 Herman Melville Blvd, New Bedford, MA 02740-7344
      View Details
    • Value Estimation
      $235,000
      4,200 SF

      1886-1888 Purchase St

      TRUCK TERMINAL (MOTOR FREIGHT) • 4,200 SF
      1886-1888 Purchase St, New Bedford, MA 02740
      View Details
    • Value Estimation
      $515,000
      2,800 SF

      Shawmut Ave

      TRUCK TERMINAL (MOTOR FREIGHT) • 2,800 SF
      Shawmut Ave, New Bedford, MA 02740
      View Details
    • Value Estimation by Request
      6,552 SF

      200 North St

      Distribution properties • 6,552 SF
      200 North St, New Bedford, MA 02740
      View Details

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    140 Penniman St
    New Bedford, MA 02740
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    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
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