Entity Owned Property summary
AI-generated overview
A historic three-level mixed-use property located in downtown New Bedford, Massachusetts, with zoning designated MUB. The building is approximately 3,273 square feet and sits on a 0.23-acre lot. Current configuration includes offices on the first floor, with the second floor previously used as an apartment and a finished third floor; the layout provides flexibility for conversion to residential use, including potential for a two-family residence or a live/work configuration. The third floor has been considered for a cottage-style residence concept (subject to zoning approval and the addition of a second egress), and the first floor is equipped with central air conditioning while the third floor uses a mini-split system. The property includes 14 off-street parking spaces and an ADA-compliant ramp, and it is positioned within walking distance of downtown amenities, restaurants, the waterfront, and major routes.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Construction
FRAME
Total area
3,273 SF
Lot
0.19 ac (8,494 SF)
Zoning code
MUB
APN
NEWB M:0052 L:0240
UPID
US38-0946179
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Counselor Family Counselor
-
Counselor
-
Family Counselor
-
Foster Care Service Social Service Agency
-
Foster Care Service Social Service Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$551k
Blend (final)
Blend
$325k
Owner & transaction history
since 2026
Last sale
$575,000
7 recorded transactions
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
Top alternative use upside
Auto repair, garage
$530,000
+24.5%
Neighborhood: shopping center
$500,000
+17.6%
Retail stores
$490,000
+15.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 24 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$325k
Value range
$293k – $358k
±10% around blend
Estimated value / SF
$99 / SF
Confidence
High
24 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$293k
blend $325k
$358k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,273 SF
Lot area
0.19 ac
Year built
1890
Stories
2
APN
NEWB M:0052 L:0240
Zoning
MUB
Assessed value
$439,300
3
Income approach: direct capitalization
Partial preview
Income approach indication
$655k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$705k
@ 6.5% CAP return
$655k
@ 7% CAP return
$605k
4
Sales comparison
Partial preview
Sales approach indication
$1.02M
Weighted, 20 comps · high confidence
Evidence
24 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.7 mi away · 2,512 SF
11.3 mi away · 4,013 SF
12.0 mi away · 3,000 SF
12.6 mi away · 3,013 SF
13.7 mi away · 2,328 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$325k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 64 sales
$130
-24%
Submarket 130 sales
$115
-14%
County 465 sales
$149
-33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $99/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+25%
vs current-use indication
Neighborhood: Shopping Center
Retail Stores
Warehouse, Storage
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 24 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$575k
Move the market yield to see immediate price impact.
Value / SF
$176
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$36k
$725k
$517k
$403k
$40k
$805k
$575k
$447k
$44k
$886k
$632k
$492k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
24 found
High confidence · county-verified
Closest comparable
$660k
1.3 mi · Sep 2025 · $219/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$439,300
Assessed 2024
Previous assessed
$439,300
+0.0% YoY
Assessed land
$139,000
Assessed improvement
$300,300
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
BASEBOARD
Buildings
1
Stories
2
Units
1
Rooms
5
Bathrooms
4
Total area
3,273 SF
Lot
0.19 ac (8,494 SF)
Zoning code
MUB
APN
NEWB M:0052 L:0240
UPID
US38-0946179
Jurisdiction
NEW BEDFORD
Zoning & alternative use
MUB · New Bedford, MAZoning MUB · permitted uses
MUB · New Bedford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The intent of this zone is to promote Mixed Use Business uses.
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1890
Construction
FRAME
Heating
BASEBOARD
Stories
2
Buildings
1
Units
1
Rooms
5
Bathrooms
4
Lot
0.19 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
MUB
MIXED_USE
Jurisdiction
New Bedford, MA
Recorded code
MUB
Official district
MUB
Official district profile
What the municipal code says about MUB
Zoning description
The intent of this zone is to promote Mixed Use Business uses.
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MUB in New Bedford, MA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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