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    Property profile & analytics

    388 County St, Unit 5 New Bedford, MA 02740-4992

    • Office Properties & Spaces
    • 4,431 SF
    OFF-MARKET
    Value Estimation
    $390,000
    Location Intelligence
    Property ID
    US38-0501849
    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

    • Paul & Dixon Insurance / Life Insurance Agency / Motorcycle Insurance Agency
    • New Bedford Preservation Society / Association / Organization / Tourist Attraction
    • Moniz & Latimer Constables / Legal Services
    • Daniel Perry / Estate Planning Attorney / Civil Law Attorney
    • Margaret Heffernan / Neurophysiologist

    Property Details for 388 County St

    Year built
    1833
    Construction
    FRAME
    Property size
    4,431 SF
    Zone code
    RA
    Property type
    Office Properties & Spaces
    APN
    NEWB M:0041 L:0070-E
    APU
    NEWBM0041L0070E

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $370,000

    • CAP approach

      CAP return
      Estimation
      6%
      $425,000
      6.5%
      $430,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $515,000
      Mixed-Use
      $485,000
      Hospitality
      $380,000
      Educational
      $445,000
      Residential Income
      $420,000
      Energy
      $485,000
      Income-Based Land
      $395,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9285
    Latitude
    41.6298
    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
    $13,236
    $0.00
    $530,300
    $530,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $405,000
      5,064 SF

      388 County St, Unit 4

      CONDOMINIUM OFFICES • 5,064 SF
      388 County St, New Bedford, MA 02740-4992
      View Details
    • Value Estimation
      $260,000
      1,730 SF

      27 6th St, Unit 2

      CONDOMINIUM OFFICES • 1,730 SF
      27 6th St, New Bedford, MA 02740-5907
      View Details
    • Value Estimation
      $340,000
      1,290 SF

      31-35 Un St

      CONDOMINIUM OFFICES • 1,290 SF
      31-35 Un St, New Bedford, MA 02740
      View Details
    • Value Estimation
      $330,000
      1,108 SF

      30 Water St, Unit 1

      CONDOMINIUM OFFICES • 1,108 SF
      30 Water St, New Bedford, MA 02740-6333
      View Details
    • Value Estimation by Request
      6,300 SF

      895 Pleasant St

      Office space • 6,300 SF
      895 Pleasant St, New Bedford, MA 02740
      View Details
    • Value Estimation
      $410,000
      4,853 SF

      388 County St, Unit 2

      CONDOMINIUM OFFICES • 4,853 SF
      388 County St, New Bedford, MA 02740-4992
      View Details

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    Similar Nearby for Lease

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      Downtown New Bedford Office Space

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    • $2,500 /Mo
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      555 Pleasant St, New Bedford, MA 02740
      View Details
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    388 County St, Unit 5
    New Bedford, MA 02740-4992
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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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