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Property profile & analytics
OFF-MARKET
Turn key restaurants
1846-1848 Purchase St, New Bedford, MA 02740
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0261965
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1969
Construction
FRAME
Total area
3,420 SF
Lot
0.3 ac (13,072 SF)
Zoning code
MUB
APN
NEWB M:0078 L:0098
UPID
US38-0261965
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
Cnd Properties LLC · 4 yrs held
Cnd Properties LLC
since 2021
Last sale
$395,000
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
$8,796
Tax year 2024
Assessed value
$352,400
Assessed 2024
Previous assessed
$352,400
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$158,600
Assessed improvement
$193,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1969
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
3,420 SF
Lot
0.3 ac (13,072 SF)
Zoning code
MUB
APN
NEWB M:0078 L:0098
UPID
US38-0261965
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
Year built
1969
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.3 ac
Current owner
From public records · entity-resolved
Cnd Properties LLC
Entity
Mailing address
154 MERRIMAC ST, NEW BEDFORD, MA 02740-5416
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
$190,000
Cnd Properties LLC
1846 Purchase Street LLC
Quit Claim Arm's Length For Ne States
$135,000 · Fall River Five Cents Savings Bank
Apr 12, 2021
$245,000
1846 Purchase St LLC
Jonathan C Martin
Quit Claim Arm's Length For Ne States
—
May 31, 2019
$180,000
Jonathan C Martin
1846 Purchase Street RT
Quit Claim Arm's Length For Ne States
$144,000 · Fall River Five Cents Savings Bank
May 18, 2017
—
1846 Purchase Street Realty Trust
Rhodes,michael T
Quit Claim Deed
related
—
Jan 22, 2013
$250,000
Deutsche Bank Natl T Co
Mclean,manuel D
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Nov 1, 2006
$375,000
Manuel D Mclean
Javier Morales
Deed
$284,063 · Popular Mortgage
Sep 26, 2006
—
Javier Morales
—
Deed Of Trust
related
$75,000 · Manuel D Mclean
Feb 13, 2002
$92,500
Javier Morales
Almeida,faith
Grant Deed
$35,000 · Zenon Grzybowski
Jun 13, 1997
$102,000
Faith Almeida
Almeida,frederick
Grant Deed
related
—
Sep 17, 1993
$102,000
Frederick Almeida
Almeida,faith
Grant Deed
related
$102,000 · Zenon Grzybowski
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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