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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Turn key restaurants
24 Un St, New Bedford, MA 02740-7255
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0064392
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Construction
FRAME
Total area
4,530 SF
Lot
0.05 ac (2,169 SF)
Zoning code
IA
APN
NEWB M:0047 L:0041
UPID
US38-0064392
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
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$785k
Owner & transaction history
National Downtown Clb LLC · 3 yrs held
National Downtown Clb LLC
since 2023
Last sale
$747,000
6 recorded transactions
Zoning & alternative use
IA · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$735,000
+6.2%
Neighborhood: shopping center
$690,000
+0.3%
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
$820,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$690,000
Current use
AUTO REPAIR, GARAGE
$735,000
Change: +6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$690,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$675,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$600,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$595,000
Change: -14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$590,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $747k (Jun 12 2023)
Last sale anchor
$747k
Jun 12 2023
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
$173 / 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
$13,638
Tax year 2024
Assessed value
$546,400
Assessed 2024
Previous assessed
$546,400
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$160,900
Assessed improvement
$385,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
4,530 SF
Lot
0.05 ac (2,169 SF)
Zoning code
IA
APN
NEWB M:0047 L:0041
UPID
US38-0064392
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$690,000
RETAIL STORES
Est. value
$675,000
WAREHOUSE, STORAGE
Est. value
$600,000
OFFICE BUILDING
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$590,000
RESTAURANT Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1930
Construction
FRAME
Heating
SPACE
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
National Downtown Clb LLC
Entity
Mailing address
66 STATE RD, WESTPORT, MA 02790-3507
Ownership since
2023
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 25, 2025
—
National Downtown Clb LLC
—
Deed
related
$4,500,000 · Baycoast Bank
Aug 9, 2023
—
National Downtown Clb LLC
—
Deed
related
$1,510,099 · New Bedford, City Of
Jun 12, 2023
—
National Downtown Clb LLC
Franklin Hospitality Corp
Quit Claim Deed
related
—
Jan 9, 2017
$747,000
Franklin Hospitality Corp
24 Union Street LLC
Quit Claim Deed
—
Aug 6, 2009
$700,000
24 Union Street LLC
Rodman Realty Corp
Grant Deed
$525,000 · Rodman Realty Corp
—
—
24 Union Street LLC
—
Deed Of Trust
related
$274,000 · Koreen A Santos
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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