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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Retail space
209 Theodore Rice Blvd New Bedford, MA 02745-1213
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-2330764
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Construction
FRAME
Total area
4,534 SF
Lot
4.87 ac (212,107 SF)
Zoning code
IC
APN
NEWB M:0136 L:0322
UPID
US38-2330764
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
-
Mobil Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$985k
Owner & transaction history
Beta Realty LLC · 8 yrs held
Beta Realty LLC
since 2017
7 recorded transactions
Zoning & alternative use
IC · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote Industrial C uses.
Zone name
Industrial C
General category
INDUSTRIAL
Zone area
1,447.97 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$735,000
+7.1%
Neighborhood: shopping center
$695,000
+1.1%
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%
$1,020,000
6.5%
$945,000
7%
$875,000
Alternative Use
Use
Estimation
RETAIL STORES
$685,000
Current use
AUTO REPAIR, GARAGE
$735,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: +1% · Conversion: Moderate
WAREHOUSE, STORAGE
$600,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$595,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$217 / 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
$58,688
Tax year 2024
Assessed value
$2,351,300
Assessed 2024
Previous assessed
$2,351,300
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$920,600
Assessed improvement
$1,430,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
4,534 SF
Lot
4.87 ac (212,107 SF)
Zoning code
IC
APN
NEWB M:0136 L:0322
UPID
US38-2330764
Jurisdiction
NEW BEDFORD
Zoning & alternative use
IC · New Bedford, MAZoning IC · permitted uses
IC · New Bedford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote Industrial C uses.
Zone name
Industrial C
General category
INDUSTRIAL
Zone area
1,447.97 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
WAREHOUSE, STORAGE
Est. value
$600,000
OFFICE BUILDING
Est. value
$595,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
4.87 ac
Current owner
From public records · entity-resolved
Beta Realty LLC
Entity
Mailing address
280 AYER RD, HARVARD, MA 01451-1160
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2025
—
Beta Realty LLC
—
Deed
related
$2,710,000 · Bristol County Savings Bank
Jul 25, 2018
—
New England Farms INC
—
Deed
related
$2,190,000 · Bristol County Savings Bank
Dec 19, 2017
$700,000
Beta Realty LLC
Cornish Partners LLC
Quit Claim Arm's Length For Ne States
$2,750,000 · Bristol County Savings Bank
Jun 21, 2005
$650,000
Cornish Prtnrs LLC
Coastlog Ind LLC
Grant Deed
related
—
May 7, 2002
$530,000
Coastlog Industries
Amstell Hldg INC
Grant Deed
$3,966,000 · Commerce Bank & Trust
May 7, 2002
—
Coastlog Industries
—
Deed Of Trust
related
$250,000 · Zuckerman Family Nomi
Oct 7, 1992
$755,000
Amstell Holding INC
White Rock Prdcts Corp
Grant Deed
$2,000,000 · Zwi Kohorn
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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