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    Property profile & analytics

    1494 Phillips Rd New Bedford, MA 02745-1959

    • Investment properties
    • 3,210 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimation
    $210,000
    Last Sale
    May 21, 2020
    $160,000
    Location Intelligence
    Property ID
    US38-1257794
    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

    • Investment properties

    Property Details for 1494 Phillips Rd

    Year built
    1925
    Construction
    FRAME
    Lot size
    0.78 lot acres
    Property size
    3,210 SF
    Zone code
    RB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NEWB M:0132 L:0003
    APU
    NEWBM0132L0003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $210,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $185,000
      7%
      $210,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $180,000
      Retail
      $220,000
      Mixed-Use
      $225,000
      Hospitality
      $230,000
      Educational
      $225,000
      Residential Income
      $175,000
      Energy
      $200,000
      Income-Based Land
      $195,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9468
    Latitude
    41.7091
    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
    $0.00
    $274,100
    $399,900
    $674,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $705,000
      4,302 SF

      2082 Acushnet Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,302 SF
      2082 Acushnet Ave, New Bedford, MA 02745-6141
      View Details
    • Value Estimation
      $115,000
      2,182 SF

      91 Conduit St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,182 SF
      91 Conduit St, New Bedford, MA 02745-6020
      View Details
    • Value Estimation
      $285,000
      3,068 SF

      1170 Sassaquin Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,068 SF
      1170 Sassaquin Ave, New Bedford, MA 02745-2232
      View Details
    • Value Estimation
      $200,000
      6,628 SF

      61 Tarkiln Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,628 SF
      61 Tarkiln Hl Rd, New Bedford, MA 02745-6306
      View Details
    • Value Estimation
      $255,000
      1,208 SF

      3393 Acushnet Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,208 SF
      3393 Acushnet Ave, New Bedford, MA 02745-3902
      View Details
    • Value Estimation
      $410,000
      4,486 SF

      2171-2173 Acushnet Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,486 SF
      2171-2173 Acushnet Ave, New Bedford, MA 02745
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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      Retail space suitable for QSR or convenience retail center.
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      Professional office space for lease in prime location.
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      View Details
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    1494 Phillips Rd
    New Bedford, MA 02745-1959
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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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