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Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Manufacturing properties
213 Theodore Rice Blvd, New Bedford, MA 02745-1213
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0464137
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Construction
STEEL FRAME
Total area
13,938 SF
Lot
4.82 ac (209,998 SF)
Zoning code
IC
APN
NEWB M:0136 L:0320
UPID
US38-0464137
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
-
Technis Counting (Bike/Boat/Book/etc) Store Corporate Office
-
Brewster ambulance Association Or Organization
-
Sales & Service Stickers Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.24M
CAP Approach
CAP
$2.11M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.01M
Owner & transaction history
Roosevelt RT · 4 yrs held
Roosevelt RT
since 2021
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
IC · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+42.6%
Apartment house (5+ units)
$2.2M
+41.2%
Neighborhood: shopping center
$2.1M
+34.7%
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
$2,510,000
ML approach
$2,240,000
CAP Approach
CAP Return
Estimation
6%
$2,285,000
6.5%
$2,110,000
7%
$1,960,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,580,000
Current use
AUTO REPAIR, GARAGE
$2,255,000
Change: +43% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,230,000
Change: +41% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,130,000
Change: +35% · Conversion: Difficult
RESTAURANT
$2,125,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$2,105,000
Change: +33% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,845,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$1,830,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±10% · vs last sale $1.40M (Nov 18 2021)
Last sale anchor
$1.40M
Nov 18 2021
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
$144 / 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
$38,326
Tax year 2024
Assessed value
$1,535,500
Assessed 2024
Previous assessed
$1,535,500
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$919,100
Assessed improvement
$616,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
5
Total area
13,938 SF
Lot
4.82 ac (209,998 SF)
Zoning code
IC
APN
NEWB M:0136 L:0320
UPID
US38-0464137
Jurisdiction
NEW BEDFORD
Zoning & alternative use
IC · New Bedford, MA
Zoning 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
New Bedford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
RESTAURANT
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
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
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
5
Lot
4.82 ac
Current owner
From public records · entity-resolved
Roosevelt RT
Individual
Mailing address
25 MAIN ST, WEYMOUTH, MA 02188-2808
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
$1,397,180
Roosevelt RT
Regal RT
Quit Claim Arm's Length For Ne States
$950,000 · South Shore Bank
Apr 14, 2000
—
Donald F Rudnick
—
Deed Of Trust
related
$30,000 · Worth Funding INC
May 13, 1994
—
Donald F Rudnick
—
Deed Of Trust
related
$209,000 · South Eastern Econ Dev Corp
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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