New search
Property profile & analytics
OFF-MARKET
Commercial land
1491 Purchase St, New Bedford, MA 02740-6811
Individually Owned
17-yr Hold
Free & Clear
Property ID
US38-2151288
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.13 ac (5,854 SF)
Zoning code
MUB
APN
NEWB M:0078 L:0051
UPID
US38-2151288
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
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
Nabih G Moujabber · 17 yrs held
Nabih G Moujabber
since 2009
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
$2,019
Tax year 2024
Assessed value
$80,900
Assessed 2024
Previous assessed
$80,900
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$80,900
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.13 ac (5,854 SF)
Zoning code
MUB
APN
NEWB M:0078 L:0051
UPID
US38-2151288
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
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Nabih G Moujabber
Individual
Free & Clear · 17 yrs held
Mailing address
1897 PURCHASE ST, NEW BEDFORD, MA 02740-6810
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2009
$35,000
Nabih G Moujabber
Wilmington Finance
Grant Deed
—
Jul 18, 2007
$1
Wilmington Fin INC
Cit Grp Consumer Fin INC
Grant Deed
—
Feb 14, 2007
$227,978
Cit Grp Consumer Fin INC
Lesser,faith M
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jul 8, 2004
$254,900
Faith M Lesser
Snow,douglas M
Grant Deed
$203,920 · Wilmington Finance
Jul 8, 2004
—
Faith M Lesser
—
Deed Of Trust
related
$50,980 · Wilmington Finance
Nov 17, 2003
$215,000
Douglas M Snow
White,mitchell
Grant Deed
$193,500 · Countrywide Home Loans INC
Jul 10, 2003
$184,000
Mitchell White
Gallagher,t Parker
Grant Deed
$147,200 · Long Beach Mortgage Co
Dec 24, 2002
—
T Parker Gallagher
—
Deed Of Trust
related
$104,000 · Ivy Mortgage Corp
Apr 26, 2002
$51,000
1885 Purchase St. RT
Bankers Trust Co Calif
Grant Deed
—
Apr 26, 2002
$46,000
Bankers Trust Co Calif
Solomon,felicia
Grant Deed
related
—
Sep 1, 1998
—
Felicia Solomon
—
Deed Of Trust
related
$66,000 · Walsh Securities INC
Jun 3, 1997
$26,900
Daniel Ojuri
Monazier RT
Grant Deed
$32,000 · Fec Mortgage Corp
Nov 21, 1996
$18,900
Federal Natl Mtg Assoc
Defreitas,robbson J
Grant Deed
—
Sep 29, 1995
$1,000
Robsson J Defreitas
Defreitas,robsson J
Grant Deed
related
—
May 4, 1988
$80,000
Robsson J Defreitas
Cardoso,abilio
Grant Deed
$64,000 · Comfed Savings Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1491 Purchase St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
