Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    381 Ml St New Bedford, MA 02740-3770

    • Showrooms
    • 14,738 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimation
    $590,000
    Location Intelligence
    Property ID
    US38-1823828
    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

    • New Bedford Plumbing & Heating Supply / Plumber / Hardware Store

    Property Details for 381 Ml St

    Year built
    1947
    Construction
    FRAME
    Lot size
    0.78 lot acres
    Property size
    14,738 SF
    Zone code
    MUB
    Property type
    Showrooms
    APN
    NEWB M:0056 L:0102
    APU
    NEWBM0056L0102

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9436
    Latitude
    41.6369
    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
    $19,741
    $241,800
    $549,100
    $790,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,256 SF

      12 Penniman St

      SHOW ROOM, WAREHOUSE • 3,256 SF
      12 Penniman St, New Bedford, MA 02740-7114
      View Details
    • Value Estimation
      $305,000
      6,169 SF

      18 Pearl St

      SHOW ROOM, WAREHOUSE • 6,169 SF
      18 Pearl St, New Bedford, MA 02740-6722
      View Details
    • Value Estimation
      $280,000
      2,804 SF

      197-199 Hemlock St

      SHOW ROOM, WAREHOUSE • 2,804 SF
      197-199 Hemlock St, New Bedford, MA 02740
      View Details
    • Value Estimation
      $260,000
      864 SF

      345 Cedar St

      SHOW ROOM, WAREHOUSE • 864 SF
      345 Cedar St, New Bedford, MA 02740-4503
      View Details
    • Value Estimation
      $515,000
      8,061 SF

      Tremont St

      SHOW ROOM, WAREHOUSE • 8,061 SF
      Tremont St, New Bedford, MA 02740
      View Details
    • Value Estimation
      $355,000
      3,960 SF

      102 Wamsutta St

      SHOW ROOM, WAREHOUSE • 3,960 SF
      102 Wamsutta St, New Bedford, MA 02740-6822
      View Details

    Similar Nearby for Sale

    • $1,299,000

      Historic Landmark Building in Downtown

      Historic granite building with endless possibilities in a busy area.
      95-101 William St, New Bedford, MA 02740
      View Details
    • $390,000
      1,700 SF

      Retail Property Investment Opportunity

      Free-standing retail property with long-term tenant in New Bedford.
      319 Hathaway Blvd, New Bedford, MA 02740
      View Details
    • $1,398,000
      Pending

      Income-Generating Commercial Property For Sale

      Updated rooming house with commercial storefronts, parking, and expansion potential.
      645 County St, New Bedford, MA 02740
      View Details
    • $175,000

      South End Commercial Building

      2,344 sqft commercial building in the South End.
      131-133 Hemlock St, New Bedford, MA 02740
      View Details
    • $459,900

      Mixed-Use Property on Arnold Street

      Mixed-use property featuring retail and residential units.
      354-358 Arnold St, New Bedford, MA 02740
      View Details
    • $1,398,000
      Pending

      Updated Rooming House with Storefronts

      Income-generating property with 24-room house and three storefronts.
      645 County St, New Bedford, MA 02740
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,884 SF

      Retail Space with Business Opportunity

      7,884 SF retail space with established flooring business option.
      1440 Purchase St, New Bedford, MA 02740
      View Details
    • $5,000 /Mo
      4,331 SF

      Downtown Restaurant Space Available

      Updated restaurant space with working kitchen and potential beer garden.
      250 Union St, New Bedford, MA 02740
      View Details
    • $20 SF/Yr
      1,300 SF

      Historic Building in Downtown

      Reconstructed historic building with modern amenities in downtown New Bedford.
      895-899 Pleasant St, New Bedford, MA 02740
      View Details
    • $650 /Mo
      400 SF

      Downtown Office Space For Lease

      Modern, renovated office space in iconic downtown building.
      555 Pleasant St, New Bedford, MA 02740
      View Details
    • $350 /Mo

      Compact Office/Storage Space Available

      75 sq ft office/storage space for lease. Option to double.
      194 Rockdale Ave, New Bedford, MA 02740
      View Details
    • $20 SF/Yr

      Downtown New Bedford Office Space

      Historic building with open spaces, natural light, and city views.
      899 Pleasant St West, New Bedford, MA 02740
      View Details

    Property Visit Statistics

    • Visits by month
      2.4k
    • Visitors by month
      9.9k
    • Avg Time on site
      14 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    381 Ml St
    New Bedford, MA 02740-3770
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.