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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Residential income homes
39 Sycamore St, New Bedford, MA 02740-6535
Individually Owned
Free & Clear
Property ID
US38-2516657
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1876
Construction
FRAME
Total area
2,359 SF
Lot
0.09 ac (3,768 SF)
Zoning code
RB
APN
NEWB M:0065 L:0209
UPID
US38-2516657
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
-
Wayne Alves Photography© Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$470k
Blend (final)
Blend
$605k
Owner & transaction history
Joseph Wood
Joseph Wood
since 2025
Last sale
$620,000
7 recorded transactions
Zoning & alternative use
RB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$380,000
+1.1%
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
$605,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$380,000
Current use
AUTO REPAIR, GARAGE
$380,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $620k (Dec 8 2025)
Last sale anchor
$620k
Dec 8 2025
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
$256 / 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
$5,243
Tax year 2024
Assessed value
$436,900
Assessed 2024
Previous assessed
$436,900
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$73,300
Assessed improvement
$363,600
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1876
Construction
FRAME
Heating
RADIANT
Buildings
1
Stories
2
Units
12
Rooms
12
Bathrooms
2
Total area
2,359 SF
Lot
0.09 ac (3,768 SF)
Zoning code
RB
APN
NEWB M:0065 L:0209
UPID
US38-2516657
Jurisdiction
NEW BEDFORD
Zoning & alternative use
RB · New Bedford, MA
Zoning RB · permitted uses
RB · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$380,000
AUTO REPAIR, GARAGE
Est. value
$380,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1876
Construction
FRAME
Heating
RADIANT
Stories
2
Buildings
1
Units
12
Rooms
12
Bathrooms
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Joseph Wood
Individual
Free & Clear · 0 yrs held
Mailing address
39 SYCAMORE ST, NEW BEDFORD, MA 02740-6535
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
$620,000
Joseph Wood
Properties Designs LLC
Deed
—
May 25, 2023
$550,000
Peoperties Designs LLC
Roland C Hopwood
Quit Claim Arm's Length For Ne States
$575,000 · Taunton Federal Credit Union
Nov 18, 2019
—
Roland C Hopwood
—
Deed
related
$122,000 · Baycoast Bank
Feb 24, 2006
$270,000
Roland C Hopwood 3rd
Arsenault,dennis A
Grant Deed
$185,000 · Zwi Kohorn
Sep 29, 2000
$60,000
Kenneth F Blanchard
Compass Bank For Svgs
Grant Deed
$66,500 · Compass Bank For Savings
Jun 22, 2000
$52,500
Compass Bank For Svgs
Deterra,paul
Grant Deed
related
—
Dec 28, 1990
$70,000
Paul Deterra
Cournoyer Rose M Est
Grant Deed
$70,000 · 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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