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Property profile & analytics
OFF-MARKET
Estimated value
$5,305,000
Industrial land
19 Hathaway Rd, New Bedford, MA 02746-1304
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-1182883
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1917
Construction
WOOD FRAME
Total area
263,358 SF
Lot
13.29 ac (579,095 SF)
Zoning code
IB
APN
NEWB M:0101 L:0008
UPID
US38-1182883
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
Current use
Occupant on record · Public records
-
Gendron Excavating Llc General Contractor Construction Company
-
Klein Greenhouse at Building 19 Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$5.31M
Owner & transaction history
Washburn Realty LLC · 9 yrs held
Washburn Realty LLC
since 2016
3 recorded transactions
Zoning & alternative use
IB · 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
$5.31M
Range $4.77M – $5.84M · ±10%
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
$20 / 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
$105,069
Tax year 2024
Assessed value
$4,209,500
Assessed 2024
Previous assessed
$4,209,500
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$4,160,300
Assessed improvement
$49,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1917
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
3
Total area
263,358 SF
Lot
13.29 ac (579,095 SF)
Zoning code
IB
APN
NEWB M:0101 L:0008
UPID
US38-1182883
Jurisdiction
NEW BEDFORD
Zoning & alternative use
IB · New Bedford, MA
Zoning IB · permitted uses
IB · 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
1917
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
13.29 ac
Current owner
From public records · entity-resolved
Washburn Realty LLC
Entity
Mailing address
92 KILBURN ST, NEW BEDFORD, MA 02740-7321
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2016
$2,100,000
Washburn Realty LLC
19 Hathaway Road T 2
Quit Claim Arm's Length For Ne States
$2,000,000 · Fall River Five Cents Savings Bank
Oct 14, 2005
$1
Hathaway Road T 19
19 Hathaway Road T
Grant Deed
related
—
Sep 12, 1990
—
Hathaway Rd T 19
—
Deed Of Trust
related
$7,381,994 · Shawmut Arlington Tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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