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    Property profile & analytics

    38 Welby Rd New Bedford, MA 02745

    • Office buildings
    • 15,444 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimation
    $635,000
    Location Intelligence
    Property ID
    US38-0907400
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Active Day of New Bedford / Home Health Care Service / Adult Day Care Center

    Property Details for 38 Welby Rd

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    1.01 lot acres
    Property size
    15,444 SF
    Zone code
    IA
    Property type
    Office buildings
    APN
    NEWB M:0132-E L:0099
    APU
    NEWBM0132EL0099

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $605,000

    • CAP approach

      CAP return
      Estimation
      6%
      $630,000
      6.5%
      $615,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $645,000
      Geo Method
      $690,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $560,000
      Retail
      $670,000
      Mixed-Use
      $625,000
      Hospitality
      $700,000
      Educational
      $520,000
      Residential Income
      $650,000
      Energy
      $645,000
      Income-Based Land
      $500,000
      Food Service
      $700,000

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9492
    Latitude
    41.7051
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $27,032
    $282,000
    $801,000
    $1,083,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $340,000
      1,794 SF

      2777 Acushnet Ave

      OFFICE BUILDING • 1,794 SF
      2777 Acushnet Ave, New Bedford, MA 02745-3211
      View Details
    • Value Estimation
      $270,000
      1,848 SF

      4317 Acushnet Ave

      OFFICE BUILDING • 1,848 SF
      4317 Acushnet Ave, New Bedford, MA 02745-4613
      View Details
    • Value Estimation
      $280,000
      2,088 SF

      410-414 Tarkiln Hl Rd

      OFFICE BUILDING • 2,088 SF
      410-414 Tarkiln Hl Rd, New Bedford, MA 02745
      View Details
    • Value Estimation by Request
      8,120 SF

      12 Welby Rd

      OFFICE BUILDING • 8,120 SF
      12 Welby Rd, New Bedford, MA 02745-1136
      View Details
    • Value Estimation
      $435,000
      3,450 SF

      824 Belleville Ave

      OFFICE BUILDING • 3,450 SF
      824 Belleville Ave, New Bedford, MA 02745-6205
      View Details
    • Value Estimation
      $495,000
      10,120 SF

      1 Welby Rd

      OFFICE BUILDING • 10,120 SF
      1 Welby Rd, New Bedford, MA 02745-1137
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Adaptable office building with flexible layout and convenient location.
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      View Details
    • $600 /Mo

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      Professional office space for lease in prime location.
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      Retail Space Near Train Station

      Highly visible retail space near Church St. Train Station.
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      View Details
    • $10 SF/Yr

      Warehouse/Manufacturing Space For Lease

      Prime business park location, ideal for warehousing or manufacturing.
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      View Details
    • Contact for pricing
      3,600 SF

      Retail Space with Drive-Thru

      Retail space suitable for QSR or convenience retail center.
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      View Details
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    38 Welby Rd
    New Bedford, MA 02745
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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