New search
Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office buildings
355 Un St, New Bedford, MA 02740-3691
Entity Owned
15-yr Hold
Free & Clear
Property ID
US38-0971432
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1830
Construction
FRAME
Total area
4,082 SF
Lot
0.29 ac (12,676 SF)
Zoning code
RA
APN
NEWB M:0051 L:0298
UPID
US38-0971432
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
-
Easy Bookkeeping Services Accounting Firm Tax Preparation
-
Jeffrey Duncan Lmhc Crisis Center Medical Clinic
-
Hathaway Maureen Foster Care Service Social Service Agency
-
Clavell & Associates, P.C. Law Firm
-
Lisa St Laurent Ma Lmhc Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$610k
Owner & transaction history
Borden Wood LLC · 15 yrs held
Borden Wood LLC
since 2011
6 recorded transactions
Zoning & alternative use
RA · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$660,000
+23.3%
Neighborhood: shopping center
$625,000
+16.4%
Retail stores
$610,000
+14.0%
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
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$535,000
Current use
AUTO REPAIR, GARAGE
$660,000
Change: +23% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$610,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$540,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$149 / 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
$11,841
Tax year 2024
Assessed value
$474,400
Assessed 2024
Previous assessed
$474,400
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$117,500
Assessed improvement
$356,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1830
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
3
Total area
4,082 SF
Lot
0.29 ac (12,676 SF)
Zoning code
RA
APN
NEWB M:0051 L:0298
UPID
US38-0971432
Jurisdiction
NEW BEDFORD
Zoning & alternative use
RA · New Bedford, MA
Zoning RA · permitted uses
RA · 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
OFFICE BUILDING Current
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$660,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
RETAIL STORES
Est. value
$610,000
WAREHOUSE, STORAGE
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$530,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1830
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
Borden Wood LLC
Entity
Free & Clear · 15 yrs held
Mailing address
50 WW AVE, MARION, MA 02738-1945
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2011
$249,000
Borden Wood LLC
Cashman & Neves Union LLC
Grant Deed
—
Feb 2, 2004
$400,000
Cashman & Neves Un LLC
Borden Wood RT
Grant Deed
$320,000 · Bridgewater Savings Bank
Apr 2, 1990
—
Borden Wood RT
—
Deed Of Trust
related
$18,000 · First Federal Savings Bank
Dec 2, 1988
$180,000
Raymond J Quintin
Ponte,george M
Grant Deed
$130,000 · First Federal Savings Bank
Feb 11, 1988
—
George M Ponte
—
Deed Of Trust
related
$120,000 · Eagle Home Mortgage Co
Jan 21, 1987
—
Joann M Ponte
—
Deed Of Trust
related
$10,000 · Zwi Kohorn
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 355 Un St?
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.
