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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Commercial land
169 Mt Vernon St, New Bedford, MA 02740-4610
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-2316562
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1930
Construction
WOOD FRAME
Total area
8,607 SF
Lot
0.31 ac (13,386 SF)
Zoning code
IA
APN
NEWB M:0082 L:0165
UPID
US38-2316562
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
$634k
Blend (final)
Blend
$600k
Owner & transaction history
Scott D Hallman · 1 yrs held
Scott D Hallman
since 2024
Last sale
$1
7 recorded transactions
Zoning & alternative use
IA · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $1 (Jul 11 2024)
Last sale anchor
$1
Jul 11 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$70 / SF
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
$3,063
Tax year 2024
Assessed value
$122,700
Assessed 2024
Previous assessed
$122,700
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$109,100
Assessed improvement
$13,600
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
Year built
1930
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
2
Bathrooms
2
Total area
8,607 SF
Lot
0.31 ac (13,386 SF)
Zoning code
IA
APN
NEWB M:0082 L:0165
UPID
US38-2316562
Jurisdiction
NEW BEDFORD
Zoning & alternative use
IA · New Bedford, MA
Zoning IA · permitted uses
IA · 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
Year built
1930
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
2
Bathrooms
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Scott D Hallman
Individual
Mailing address
161 WILLOW LN, PORTSMOUTH, RI 02871-1613
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2024
—
Scott D Hallman
Donna F Hallman
Quit Claim Deed
related
—
Aug 15, 2014
$170,000
Hallman,scott D & Donna F
Chansco LLC
Quit Claim Deed
$220,000 · Bank Of Newport
Nov 8, 2012
—
Chansco LLC
—
Deed Of Trust
related
$181,600 · Webster Bank
Mar 22, 2010
$1
Christopher Dasilva
New Bedford Roofing&sheet
Grant Deed
—
May 11, 2005
$290,000
Chansco LLC
Rogers,christine E
Grant Deed
$232,000 · Webster Bank
May 24, 1996
—
Raymond E Fortin
—
Deed Of Trust
related
$100,000 · First Federal Savings Bank
Jul 14, 1995
—
Fortin,raymond E
—
Grant Deed
related
$116,500 · First Federal Savings Bank
May 14, 1990
—
Nb Roofng
—
Deed Of Trust
related
$180,000 · First Federal Savings Bank
Mar 1, 1990
—
Nb Rfng & Sht Mtl INC
—
Deed Of Trust
related
$270,748 · Bankboston Development Co LLC
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.
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