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Property profile & analytics
OFF-MARKET
Estimated value
$4,925,000
Investment properties
26 Water St, New Bedford, MA 02740-7266
Individually Owned
12-yr Hold
Property ID
US38-0683664
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1872
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,776 SF
Lot
0.59 ac (25,783 SF)
Zoning code
MUB
APN
NEWB M:0047 L:0069
UPID
US38-0683664
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
$4.91M
Blend (final)
Blend
$4.93M
Owner & transaction history
26 South Water Street RT · 12 yrs held
26 South Water Street RT
since 2014
6 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.7M
+24.5%
Apartment house (5+ units)
$7.7M
+23.2%
Neighborhood: shopping center
$7.3M
+17.6%
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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,210,000
Current use
AUTO REPAIR, GARAGE
$7,730,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,650,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,295,000
Change: +18% · Conversion: Difficult
RESTAURANT
$7,275,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$7,145,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$6,320,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$6,270,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$4.93M
Range $4.43M – $5.42M · ±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
$103 / 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
Assessed value
$3,912,100
Assessed 2024
Previous assessed
$3,912,100
+0.0% YoY
Assessed land
$477,800
Assessed improvement
$3,434,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1872
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
4
Units
30
Rooms
10
Bathrooms
35
Total area
47,776 SF
Lot
0.59 ac (25,783 SF)
Zoning code
MUB
APN
NEWB M:0047 L:0069
UPID
US38-0683664
Jurisdiction
NEW BEDFORD
Zoning & alternative use
MUB · New Bedford, MA
Zoning 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
New Bedford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$7.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
RESTAURANT
Est. value
$7.3M
RETAIL STORES
Est. value
$7.1M
WAREHOUSE, STORAGE
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.3M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1872
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
4
Buildings
1
Units
30
Rooms
10
Bathrooms
35
Lot
0.59 ac
Current owner
From public records · entity-resolved
26 South Water Street RT
Individual
Mailing address
PO BOX 590099, NEWTON CENTER, MA 02459-0001
Ownership since
2014
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
Jun 25, 2014
$2,100,000
26 South Water Street RT
Bronhard,walter L
Quit Claim Deed
$1,575,000 · Gary Needham
Sep 15, 2003
—
Walter L Bronhard
—
Deed Of Trust
related
$1,818,500 · Abington Savings Bank
Jan 19, 2000
—
Walter L Bronjard
—
Deed Of Trust
related
$850,000 · Massachusetts Capital Bank
Apr 26, 1995
—
Walter L Bronhard
—
Deed Of Trust
related
$950,000 · Ri Hosp Trust National Bank
Jun 1, 1993
$380,000
Walter Bronhard
Ri Broadway Prop INC
Grant Deed
—
May 7, 1992
$650,000
R I Broadway Prop INC
Plumbers Landing Assoc
Grant Deed
—
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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