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Financial
Distress signals
Property profile

1510 Padanaram Ave New Bedford, MA 02740

OFF-MARKET
Retail space
Property ID
US38-0264429
3,738 SF 0.22 ac lot Built 1930
Last sale Oct 2009 · $165,000
Individually Owned Owner of record is an individual. 16-yr Hold Held for 16 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 4,340 square foot storefront at 1510 Padanaram Ave, New Bedford, MA 02740, presents a unique investment opportunity. Built in 1930, this property boasts a prime waterfront location with private beach access and the potential for private docks. The building features two loading doors, perfect for efficient operations, and a flexible second floor ideal for office space or additional business needs. New windows and doors, still protected, ensure energy efficiency and a modern…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$8k
Tax billed · 2024
Assessed value$304k
Assessed land$191k
Assessed improvement$113k
Effective rate2.50%

Value estimate

· Oct 2026
$350k
$315k – $385k
AI approach$350k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$150/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$79 – $230
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IB
The intent of this zone is to promote Industrial B uses.
General categoryINDUSTRIAL
JurisdictionNEW BEDFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.9
Law Firm16.5
Kitchen & Bath11.8

Location

1510 Padanaram Ave New Bedford, MA 02740-1063
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
46 Rockdale, New Bedford, MA 02740-1071 $500,000 Jan 2025 4,464 SF
411 Bolton, New Bedford, MA 02740-2006 $103,000 Jan 2025 3,258 SF
128 Grinnell, New Bedford, MA 02740-5757 $558,725 Nov 2024 3,916 SF
4 Wing, New Bedford, MA 02740 $55,000 Nov 2023 4,224 SF
199 Ct, New Bedford, MA 02740-3806 $100,000 Aug 2023 3,562 SF
12 Penniman, New Bedford, MA 02740-7114 $41,000 Jun 2023 3,256 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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