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    Property profile & analytics

    245 Un St New Bedford, MA 02740

    • Office buildings
    • 7,750 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Location Intelligence
    Property ID
    US38-1161637
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 245 Un St

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Property size
    7,750 SF
    Zone code
    MUB
    Property type
    Office buildings
    APN
    NEWB M:0052 L:0278
    APU
    NEWBM0052L0278

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $435,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $440,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $465,000
      Retail
      $405,000
      Mixed-Use
      $360,000
      Hospitality
      $385,000
      Educational
      $455,000
      Residential Income
      $400,000
      Energy
      $440,000
      Income-Based Land
      $405,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9279
    Latitude
    41.6342
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,458
    $144,700
    $354,400
    $499,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $320,000
      3,917 SF

      460 County St

      OFFICE BUILDING • 3,917 SF
      460 County St, New Bedford, MA 02740-5107
      View Details
    • Value Estimation
      $350,000
      3,996 SF

      32nd Hillman St

      OFFICE BUILDING • 3,996 SF
      32nd Hillman St, New Bedford, MA 02740-6613
      View Details
    • Value Estimation
      $290,000
      1,175 SF

      254 Rockdale Ave

      OFFICE BUILDING • 1,175 SF
      254 Rockdale Ave, New Bedford, MA 02740-1341
      View Details
    • Value Estimation
      $325,000
      4,082 SF

      355 Un St

      OFFICE BUILDING • 4,082 SF
      355 Un St, New Bedford, MA 02740-3691
      View Details
    • Value Estimation
      $810,000
      15,840 SF

      Water St

      OFFICE BUILDING • 15,840 SF
      Water St, New Bedford, MA 02740
      View Details
    • Value Estimation
      $750,000
      24,960 SF

      105 William St

      OFFICE BUILDING • 24,960 SF
      105 William St, New Bedford, MA 02740-6257
      View Details

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      Historic Downtown New Bedford Commercial Property

      Versatile three-level property with flexible space and off-street parking.
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      Historic Landmark Building in Downtown

      Historic granite building with endless possibilities in a busy area.
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    Similar Nearby for Lease

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      1,300 SF

      Historic Building in Downtown

      Reconstructed historic building with modern amenities in downtown New Bedford.
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      Downtown Office Space For Lease

      Modern, renovated office space in iconic downtown building.
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      View Details
    • $350 /Mo

      Compact Office/Storage Space Available

      75 sq ft office/storage space for lease. Option to double.
      194 Rockdale Ave, New Bedford, MA 02740
      View Details
    • $20 SF/Yr

      Downtown New Bedford Office Space

      Historic building with open spaces, natural light, and city views.
      899 Pleasant St West, New Bedford, MA 02740
      View Details
    • $300 /Mo
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      Downtown New Bedford Office Space

      Affordable office space in a multi-tenanted downtown building.
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      View Details
    • $2,500 /Mo
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      Downtown New Bedford Office Space

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      555 Pleasant St, New Bedford, MA 02740
      View Details

    Property Visit Statistics

    • Visits by month
      6.0k
    • Visitors by month
      3.4k
    • Avg Time on site
      13 min
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    245 Un St
    New Bedford, MA 02740
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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