New search
Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Auto shops
301 Herman Melville Blvd, New Bedford, MA 02740-7351
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-0322194
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1982
Construction
FRAME
Total area
7,168 SF
Lot
0.54 ac (23,326 SF)
Zoning code
IB
APN
NEWB M:0072 L:0243
UPID
US38-0322194
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
Current use
Occupant on record · Public records
-
Motor Tech Inc Auto Repair Shop
-
LAW OFFICE OF JENNIFER VELARDE Law Firm
-
Bela Flor Seafood Specialty Food Shop Fish Market
-
Gear to Go Fishing Supply Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Platinum Tree Removal Service Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$770k
Owner & transaction history
Yeroc RT · 10 yrs held
Yeroc RT
since 2015
7 recorded transactions
Zoning & alternative use
IB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
AUTO REPAIR, GARAGE
$1,160,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,150,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,095,000
Change: -6% · Conversion: Difficult
RESTAURANT
$1,090,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$1,070,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$950,000
Change: -18% · Conversion: Easy
OFFICE BUILDING
$940,000
Change: -19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$930,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$107 / 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
$14,399
Tax year 2024
Assessed value
$576,900
Assessed 2024
Previous assessed
$576,900
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$132,300
Assessed improvement
$444,600
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1982
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
2
Units
1
Bathrooms
4
Total area
7,168 SF
Lot
0.54 ac (23,326 SF)
Zoning code
IB
APN
NEWB M:0072 L:0243
UPID
US38-0322194
Jurisdiction
NEW BEDFORD
Zoning & alternative use
IB · New Bedford, MA
Zoning IB · permitted uses
IB · 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
AUTO REPAIR, GARAGE Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$950,000
OFFICE BUILDING
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$930,000
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1982
Construction
FRAME
Heating
SPACE
Stories
2
Buildings
1
Units
1
Bathrooms
4
Lot
0.54 ac
Current owner
From public records · entity-resolved
Yeroc RT
Individual
Mailing address
22 FORESTVIEW DR, FAIRHAVEN, MA 02719-5545
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2015
$475,000
Yeroc RT
Carnation Realty INC
Quit Claim Arm's Length For Ne States
$325,000 · Carnation Realty INC
Oct 20, 1997
—
Carnation Realty INC
—
Deed Of Trust
related
$70,000 · Luzo Community Bank
Jul 25, 1991
$550,000
Bedford 5 Cts Sb New
Coastal Rlty Corp
Grant Deed
—
Aug 19, 1987
—
Coastal Rlty Corp
—
Deed Of Trust
related
$235,000 · Compass Bank For Savings
May 4, 1987
—
Coastal Realty Corp
—
Deed Of Trust
related
$180,000 · Compass Bank For Savings
Mar 16, 1987
—
Coastal Realty Corp
—
Deed Of Trust
related
$100,000 · New Bedford Svgs Bk
Jan 12, 1987
—
Coastal Realty Corp
—
Deed Of Trust
related
$350,000 · New Bedford Svgs Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 301 Herman Melville Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
