Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    30 Water St, Unit 1 New Bedford, MA 02740-6333

    • Office Properties & Spaces
    • 1,108 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1481706
    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 Properties & Spaces

    Property Details for 30 Water St

    Year built
    2005
    Construction
    FRAME
    Lot size
    0.05 lot acres
    Property size
    1,108 SF
    Zone code
    IA
    Property type
    Office Properties & Spaces
    APN
    NEWB M:0053 L:0223-A
    APU
    NEWBM0053L0223A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9227
    Latitude
    41.6351
    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
    $7,715
    $0.00
    $309,100
    $309,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $730,000
      5,064 SF

      388 County St, Unit 4

      CONDOMINIUM OFFICES • 5,064 SF
      388 County St, New Bedford, MA 02740-4992
      View Details
    • Value Estimation by Request
      1,730 SF

      27 6th St, Unit 2

      CONDOMINIUM OFFICES • 1,730 SF
      27 6th St, New Bedford, MA 02740-5907
      View Details
    • Value Estimation by Request
      1,290 SF

      31-35 Un St

      CONDOMINIUM OFFICES • 1,290 SF
      31-35 Un St, New Bedford, MA 02740
      View Details
    • Value Estimation by Request
      6,300 SF

      895 Pleasant St

      Office space • 6,300 SF
      895 Pleasant St, New Bedford, MA 02740
      View Details
    • Value Estimation
      $710,000
      4,853 SF

      388 County St, Unit 2

      CONDOMINIUM OFFICES • 4,853 SF
      388 County St, New Bedford, MA 02740-4992
      View Details
    • Value Estimation
      $660,000
      4,431 SF

      388 County St, Unit 5

      CONDOMINIUM OFFICES • 4,431 SF
      388 County St, New Bedford, MA 02740-4992
      View Details

    Similar Nearby for Sale

    • $700,000
      5,590 SF

      New Bedford Industrial Property

      5,590 SF Flex Space, High Traffic Area
      347 Dartmouth St, New Bedford, MA 02740
      View Details
    • $725,000

      Professional Office Near St. Lukes

      Professional office units near St. Lukes Hospital, New Bedford.
      92 Grape St 1-3, New Bedford, MA 02740
      View Details
    • $4,500,000
      5,288 SF

      Iconic Historic Office Building For Sale

      Historic office building in New Bedford's Historic District.
      56-62 N Water St, New Bedford, MA 02740
      View Details
    • $649,900

      Waterfront Property with Private Beach

      Blank slate property with private beach access and development potential.
      1510 Padanaram Ave, New Bedford, MA 02740
      View Details
    • $1,450,000

      Historic Office Building For Sale

      Historic New Bedford office building, meticulously maintained, many possibilities.
      32 William St, New Bedford, MA 02740
      View Details
    • $520,000

      Downtown Mixed-Use Opportunity

      Mixed-use property with office suites and residential units in downtown.
      13 S 6Th St, New Bedford, MA 02740
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,300 SF

      Historic Building in Downtown

      Reconstructed historic building with modern amenities in downtown New Bedford.
      895-899 Pleasant St, New Bedford, MA 02740
      View Details
    • $650 /Mo
      400 SF

      Downtown Office Space Available

      Renovated office space for lease in iconic downtown building.
      555 Pleasant St, New Bedford, MA 02740
      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
    • $2,500 /Mo
      700 SF

      Downtown New Bedford Office Space

      Modern, renovated office space in iconic downtown building for lease.
      555 Pleasant St, New Bedford, MA 02740
      View Details
    • $300 /Mo
      300 SF

      Downtown New Bedford Office Space

      Affordable downtown office space with utilities included and parking.
      9 S 6Th St, New Bedford, MA 02740
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    30 Water St, Unit 1
    New Bedford, MA 02740-6333
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.