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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Investment properties
273-275 Rivet St New Bedford, MA 02744
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1468451
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1913
Construction
FRAME
Total area
6,014 SF
Lot
0.08 ac (3,419 SF)
Zoning code
MUB
APN
NEWB M:0030 L:0294
UPID
US38-1468451
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
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$594k
Blend (final)
Blend
$555k
Owner & transaction history
273-275 River St LLC · 3 yrs held
273-275 River St LLC
since 2023
Last sale
$511,133
4 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$920,000
+32.7%
Restaurant
$915,000
+32.3%
Retail stores
$910,000
+31.2%
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
$595,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$690,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$920,000
Change: +33% · Conversion: Difficult
RESTAURANT
$915,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$910,000
Change: +31% · Conversion: Easy
WAREHOUSE, STORAGE
$795,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$790,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $511k (May 3 2023)
Last sale anchor
$511k
May 3 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
$92 / 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
$411,100
Assessed 2024
Previous assessed
$411,100
+0.0% YoY
Assessed land
$87,400
Assessed improvement
$323,700
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
1913
Construction
FRAME
Heating
RADIANT
Buildings
1
Stories
3
Units
4
Rooms
16
Bathrooms
5
Total area
6,014 SF
Lot
0.08 ac (3,419 SF)
Zoning code
MUB
APN
NEWB M:0030 L:0294
UPID
US38-1468451
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
$690,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$920,000
RESTAURANT
Est. value
$915,000
RETAIL STORES
Est. value
$910,000
WAREHOUSE, STORAGE
Est. value
$795,000
OFFICE BUILDING
Est. value
$790,000
COMMERCIAL (GENERAL) Current
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
1913
Construction
FRAME
Heating
RADIANT
Stories
3
Buildings
1
Units
4
Rooms
16
Bathrooms
5
Lot
0.08 ac
Current owner
From public records · entity-resolved
273-275 River St LLC
Entity
Mailing address
273 RIVET ST #275, NEW BEDFORD, MA 02744-1035
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
273-275 Rivet Street LLC
—
Deed
related
$35,000 · Issasummervibe LLC
Aug 28, 2023
—
273-275 Rivet Street LLC
—
Deed
related
$33,000 · Marc Epstein
May 3, 2023
$511,133
273-275 River St LLC
Demello Liberio
Quit Claim Arm's Length For Ne States
$485,000 · Stage Point Fund LLC
Jun 11, 2002
$110,000
David Demello
Stan & Pauls INC
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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