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Property profile & analytics
FOR LEASE
Manufacturing properties
229 Coffin Ave, New Bedford, MA 02746
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-0981079
For Lease
1 / 2
$10 SF/Yr
229 Coffin Ave, New Bedford, MA 02746
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Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1930
Construction
FRAME
Total area
91,286 SF
Lot
1.25 ac (54,398 SF)
Zoning code
IA
APN
NEWB M:0104 L:0043
UPID
US38-0981079
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$2.24M
Owner & transaction history
Parallel 1260 Shawmut Ave · 4 yrs held
Parallel 1260 Shawmut Ave
since 2022
6 recorded transactions
Zoning & alternative use
IA · 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
$2.24M
Range $2.01M – $2.46M · ±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
$24 / 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
$55,027
Tax year 2024
Assessed value
$2,204,600
Assessed 2024
Previous assessed
$2,204,600
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$306,900
Assessed improvement
$1,897,700
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
For Lease
Year built
1930
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Total area
91,286 SF
Lot
1.25 ac (54,398 SF)
Zoning code
IA
APN
NEWB M:0104 L:0043
UPID
US38-0981079
Jurisdiction
NEW BEDFORD
Zoning & alternative use
IA · New Bedford, MA
Zoning IA · permitted uses
IA · 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
1930
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Parallel 1260 Shawmut Ave
Individual
Free & Clear · 4 yrs held
Mailing address
100 DUCHAINE BLVD, NEW BEDFORD, MA 02745-1201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2023
—
1260 Shawmut Ave LLC
—
Deed
related
$3,988,000 · Baycoast Bank
May 3, 2022
$490,000
Parallel 1260 Shawmut Ave
Marianna Dimercurio
Quit Claim Arm's Length For Ne States
—
Nov 20, 2019
$100,000
Marianna Dimercurio
Nb Bakery Hldgs LLC
Quit Claim Deed
—
Sep 3, 2019
—
Nb Bakery Hldgs LLC
Lucar Dev LLC
Correction Deed
related
—
Mar 6, 2019
—
Nb Bakery Hldgs LLC
Lucar Dev LLC
Quit Claim Deed
related
—
Apr 8, 1994
$1,100,200
My Bread Baking Co
My Bread Baking Co
Grant Deed
related
$2,500,000 · Nationsbank
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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