Property profile

312 Hillman St New Bedford, MA 02740

OFF-MARKET
Showrooms
Property ID
US38-1652241
5,740 SF 0.49 ac lot Built 1940
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

The property is a commercial warehouse located in New Bedford, Massachusetts, on a 0.49-acre lot. It contains 5,740 square feet of space configured with an open floor plan and a truss roof, providing flexibility for storage, operations, or future build-out. Loading and access are supported by multiple overhead doors. The building includes three bathrooms. The site has fenced off-street parking. Zoning is MUB, and the property is documented with a clean 21E report.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1940
Construction STEEL FRAME
Total area 5,740 SF
Lot 0.49 ac (21,357 SF)
Zoning code MUB
APN NEWB M:0057 L:0359
UPID US38-1652241

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

312 Hillman St New Bedford, MA 02740-4016
New Bedford metro Census 651500 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2025
3 recorded transactions
2025
$260,000
2013
$200,000
1993
Price N/A

Zoning & alternative use

MUB · New Bedford, MA
Zoning description

The intent of this zone is to promote Mixed Use Business uses.

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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