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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
23 Ctr St, New Bedford, MA 02740-6322
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-1541132
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1812
Construction
FRAME
Total area
8,058 SF
Lot
0.12 ac (5,218 SF)
Zoning code
IA
APN
NEWB M:0053 L:0184
UPID
US38-1541132
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
-
Fiber Optic Center Consultant Distribution Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$765k
Blend (final)
Blend
$575k
Owner & transaction history
Weiss,neal H Trust · 9 yrs held
Weiss,neal H Trust
since 2017
7 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
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$71 / 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
$15,368
Tax year 2024
Assessed value
$615,700
Assessed 2024
Previous assessed
$615,700
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$201,800
Assessed improvement
$413,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1812
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
1
Rooms
3
Bathrooms
4
Total area
8,058 SF
Lot
0.12 ac (5,218 SF)
Zoning code
IA
APN
NEWB M:0053 L:0184
UPID
US38-1541132
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
1812
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
1
Rooms
3
Bathrooms
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
Weiss,neal H Trust
Trust
Mailing address
23 CTR ST, NEW BEDFORD, MA 02740-6322
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2017
—
Weiss,neal H Trust
Weiss,neal H
Quit Claim Deed
related
—
May 24, 2016
—
Neal H Weiss
—
Deed
related
$563,550 · Baycoast Bank
Dec 10, 2003
—
Neal H Weiss
—
Deed Of Trust
related
$4,000,000 · First Federal Savings Bank
Sep 4, 2001
—
Neal H Weiss
—
Deed Of Trust
related
$300,000 · First Federal Savings Bank
Oct 25, 1999
—
Neal H Weiss
—
Deed Of Trust
related
$750,000 · First Federal Savings Bank
Apr 5, 1999
—
Neal H Weiss
—
Deed Of Trust
related
$300,000 · First Federal Savings Bank
Nov 8, 1995
$140,000
Neal H Weiss
Mcfadden,elizabeth
Grant Deed
$155,000 · First Federal Savings Bank
Nov 8, 1995
—
Neal H Weiss
—
Deed Of Trust
related
$52,000 · Zuckerman Family Nomi
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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