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Property profile & analytics
OFF-MARKET
Estimated value
$4,350,000
Grocery and convenience stores
2935 Acushnet Ave 2941 New Bedford, MA 02745-1625
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0969766
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1960
Construction
STEEL FRAME
Total area
32,588 SF
Lot
3.84 ac (167,114 SF)
Zoning code
MUB
APN
NEWB M:0132 L:0020
UPID
US38-0969766
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
$4.20M
Blend (final)
Blend
$4.35M
Owner & transaction history
788 Boston Road LLC · 4 yrs held
788 Boston Road LLC
since 2022
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.3M
+7.1%
Apartment house (5+ units)
$5.2M
+6.0%
Neighborhood: shopping center
$5.0M
+1.1%
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
RETAIL STORES
$4,925,000
Current use
AUTO REPAIR, GARAGE
$5,270,000
Change: +7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,215,000
Change: +6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,975,000
Change: +1% · Conversion: Moderate
RESTAURANT
$4,965,000
Change: +1% · Conversion: Easy
WAREHOUSE, STORAGE
$4,310,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$4,275,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$4.35M
Range $3.92M – $4.79M · ±10% · vs last sale $4.50M (Apr 20 2022)
Last sale anchor
$4.50M
Apr 20 2022
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
$133 / 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
$105,047
Tax year 2024
Assessed value
$4,208,600
Assessed 2024
Previous assessed
$4,208,600
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$2,270,800
Assessed improvement
$1,937,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
32,588 SF
Lot
3.84 ac (167,114 SF)
Zoning code
MUB
APN
NEWB M:0132 L:0020
UPID
US38-0969766
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
RETAIL STORES Current
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
RESTAURANT
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
3.84 ac
Current owner
From public records · entity-resolved
788 Boston Road LLC
Entity
Mailing address
280 AYER RD, HARVARD, MA 01451-1160
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
$4,500,000
788 Boston Road LLC
Wbk Tic LLC
Quit Claim Arm's Length For Ne States
$2,500,000 · Bristol County Savings Bank
Apr 7, 2022
—
Rk Tic LLC
Wbk Tic LLC
Quit Claim Deed
related
—
Mar 22, 2022
—
Ack Tic LLC
Wbk Tic LLC
Quit Claim Deed
related
—
Jul 27, 2021
—
Ack Tic LLC
Alm Supermarkets LP
Quit Claim Deed
related
—
Aug 14, 2012
$1
Supermarkets LP Alm
Alm Supermarkets 3 LLC
Grant Deed
related
—
Aug 14, 2012
—
Supermakets LP Alm
—
Deed Of Trust
related
$12,000,000 · Sovereign Bank
Jul 14, 1998
—
Alm Supermarkets 3 LLC
—
Deed Of Trust
related
$8,200,000 · General Electric Capital Corp
Dec 30, 1996
$1,625,000
Supermarket LP Alm
Su Asset Partners LP
Grant Deed
—
Sep 20, 1995
$1,390,534
Sv Asset Ptnrs LP
Supervalu Holdings INC
Grant Deed
related
$29,306,972 · Mellon Mortgage Co
Sep 20, 1995
$1,847,336
Wetterau INC Opertn Ic
Wetterau Propertie INC
Grant Deed
related
—
May 8, 1992
—
Almacs INC
—
Deed Of Trust
related
$50,000,000 · Citibank NA
Feb 7, 1990
$830,000
Wetterau Props INC
Almacs INC
Grant Deed
$24,845,000 · Zuckerman Family Nomi
Jul 31, 1989
$850,000
Almacs INC
Almacs INC
Grant Deed
related
—
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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