Property profile

152 Springfield St 160 New Bedford, MA 02745

OFF-MARKET
Warehouses
Property ID
US38-1205638
6,000 SF 0.47 ac lot Built 2002
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2002
Construction STEEL FRAME
Total area 6,000 SF
Lot 0.47 ac (20,386 SF)
Zoning code IA
APN NEWB M:0127-B L:0501
UPID US38-1205638

Cap rate & NOI

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

Location

152 Springfield St, Unit 160 New Bedford, MA 02745-1022
New Bedford metro Census 650201 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.08M
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$450k

Owner & transaction history

since 2013
3 recorded transactions
2013
$480,000
2012
$480,000
2009
Price N/A

Zoning & alternative use

IA · New Bedford, MA
Zoning description

The intent of this zone is to promote Industrial A uses.

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $970,000 +22.3%
Apartment house (5+ units) $960,000 +21.0%
Neighborhood: shopping center $915,000 +15.5%

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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