Property profile

1487-1491 Purchase St New Bedford, MA 02740

OFF-MARKET
Commercial land
Property ID
US38-0380448
4,138 SF 0.06 ac lot Built 1910
Individually Owned 21-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1910
Construction WOOD FRAME
Total area 4,138 SF
Lot 0.06 ac (2,718 SF)
Zoning code MUB
APN NEWB M:0072 L:0113
UPID US38-0380448

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1487-1491 Purchase St New Bedford, MA 02740
New Bedford metro Census 651300 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2004
2 recorded transactions
2004
$315,000
1997
Price N/A

Zoning & alternative use

MUB · New Bedford, MA
Zoning description

The intent of this zone is to promote Mixed Use Business uses.

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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