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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Retail space
38 Water St, New Bedford, MA 02740-6335
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0772068
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1872
Construction
FRAME
Total area
1,778 SF
Lot
0.03 ac (1,137 SF)
Zoning code
IA
APN
NEWB M:0053 L:0182
UPID
US38-0772068
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
$370k
Comparable Approach
Comparable
$410k
Blend (final)
Blend
$530k
Owner & transaction history
42-46 Water St T · 4 yrs held
42-46 Water St T
since 2022
Last sale
$525,000
6 recorded transactions
Zoning & alternative use
IA · 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
$675,000
CAP Approach
CAP Return
Estimation
6%
$400,000
6.5%
$370,000
7%
$345,000
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $525k (Jan 28 2022)
Last sale anchor
$525k
Jan 28 2022
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
$298 / 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
$12,081
Tax year 2024
Assessed value
$484,000
Assessed 2024
Previous assessed
$484,000
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$111,000
Assessed improvement
$373,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1872
Construction
FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
3
Bathrooms
2
Total area
1,778 SF
Lot
0.03 ac (1,137 SF)
Zoning code
IA
APN
NEWB M:0053 L:0182
UPID
US38-0772068
Jurisdiction
NEW BEDFORD
Zoning & alternative use
IA · New Bedford, MA
Zoning IA · permitted uses
IA · 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.
Building & site characteristics
From public records
Year built
1872
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
3
Bathrooms
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
42-46 Water St T
Individual
Mailing address
42-46 S WATER ST, NEW BEDFORD, MA 02740
Ownership since
2022
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
Jan 28, 2022
$525,000
42-46 Water St T
36 North Water Street RT
Quit Claim Arm's Length For Ne States
$1,400,000 · Bristol County Savings Bank
Aug 30, 2013
$250,000
36 North Water Street RT
Taltlock,david
Quit Claim Deed
$200,000 · Bristol County Savings Bank
Jun 28, 2010
—
David Tatlock
—
Deed Of Trust
related
$280,000 · Bristol County Savings Bank
May 4, 2006
$700,000
David Tatlock
Duff,debra A
Grant Deed
$315,000 · Luzo Community Bank
Apr 17, 2003
$105,000
Debra A Duff
Blue Mountain T
Grant Deed
—
May 31, 1988
$95,000
George H Douglas JR
Hathaway,robert
Grant Deed
$120,000 · Compass Bank For Savings
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.
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