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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Hotels
222 Un St New Bedford, MA 02740-5943
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-2365366
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1916
Construction
FRAME
Total area
37,260 SF
Lot
0.17 ac (7,562 SF)
Zoning code
MUB
APN
NEWB M:0046 L:0032
UPID
US38-2365366
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
-
222 Union Restaurant and Bar Restaurant
-
New Bedford Harbor Hotel Hotel & Motel
-
Ginger Lanigan & Associates Social Service Agency Charitable Organization
-
Arthur De Mello Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$756k
Blend (final)
Blend
$930k
Owner & transaction history
Nb Hoyel LLC · 8 yrs held
Nb Hoyel LLC
since 2017
7 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote Mixed Use Business uses.
Zone name
Mixed Use Business
General category
MIXED_USE
Zone area
1,380.62 ac
Source
Realmo
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
$1,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$990,000
Current use
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$25 / 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
$55,935
Tax year 2024
Assessed value
$2,241,000
Assessed 2024
Previous assessed
$2,241,000
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$192,100
Assessed improvement
$2,048,900
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1916
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
5
Units
70
Rooms
70
Bathrooms
74
Total area
37,260 SF
Lot
0.17 ac (7,562 SF)
Zoning code
MUB
APN
NEWB M:0046 L:0032
UPID
US38-2365366
Jurisdiction
NEW BEDFORD
Zoning & alternative use
MUB · New Bedford, MAZoning 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
Zoning description
The intent of this zone is to promote Mixed Use Business uses.
Zone name
Mixed Use Business
General category
MIXED_USE
Zone area
1,380.62 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$990,000
HOTEL/MOTEL Current
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
1916
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
5
Buildings
1
Units
70
Rooms
70
Bathrooms
74
Lot
0.17 ac
Current owner
From public records · entity-resolved
Nb Hoyel LLC
Entity
Mailing address
555 PLEASANT ST, NEW BEDFORD, MA 02740-6282
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 5, 2017
—
Nb Hoyel LLC
New Bedford Urban Renaiss
Quit Claim Deed
related
$5,020,000 · Camden Nat'l Bk
Dec 8, 2015
$1,200,000
New Bedford Urban Renaiss
Parker Investment LLC
Quit Claim Deed
—
Dec 20, 2012
$630,000
Parker Inv LLC
Union St Investors LLC
Grant Deed
—
Jun 28, 2001
—
Union Street Inv LLC
—
Deed Of Trust
related
$60,000 · First Federal Savings Bank
Dec 8, 1987
—
222 Union St. RT
—
Deed Of Trust
related
$100,000 · Zwi Kohorn
May 22, 1987
—
Steven James Lee
—
Deed Of Trust
related
$300,000 · Zuckerman Family Nomi
May 20, 1987
$900,000
Steven J Lee
Jacques Realty Corp
Grant Deed
$600,000 · Natl Bk Of Fairhaven
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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