Property profile

198 Herman Melville Blvd New Bedford, MA 02740

OFF-MARKET
Manufacturing properties
Property ID
US38-1455401
50,800 SF 1.71 ac lot Built 1984
Entity Owned 33-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1984
Construction STEEL FRAME
Total area 50,800 SF
Lot 1.71 ac (74,483 SF)
Zoning code WI
APN NEWB M:0066 L:0153-A
UPID US38-1455401

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Training Center

Location

198 Herman Melville Blvd New Bedford, MA 02740-7344
New Bedford metro Census 651300 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
by Request
Comparable Approach Comparable
$5.24M
Blend (final) Blend
$4.03M

Owner & transaction history

since 1993
1 recorded transaction
1993
Price N/A

Zoning & alternative use

WI · New Bedford, MA
Zoning description

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

General category INDUSTRIAL
Top alternative use upside
Office building $6.7M +15.7%

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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