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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Office buildings
4 Welby Rd, New Bedford, MA 02745-1138
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-1781645
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
FRAME
Total area
8,900 SF
Lot
1.16 ac (50,730 SF)
Zoning code
IA
APN
NEWB M:0132-E L:0006
UPID
US38-1781645
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
-
Lawler Insurance Insurance Agency
-
Maria Arroyo PsyD, LMHC Family Counselor Doctor
-
FedEx Drop Box Postal Service Courier Service
-
Copier Boston Photocopiers Supplier Office Furniture Store
-
beSMOOTH by Emily P.L.L.C. Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$1.17M
Owner & transaction history
Barry J Lawler · 9 yrs held
Barry J Lawler
since 2016
7 recorded transactions
Zoning & alternative use
IA · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+23.3%
Apartment house (5+ units)
$1.4M
+22.0%
Neighborhood: shopping center
$1.4M
+16.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,170,000
Current use
AUTO REPAIR, GARAGE
$1,440,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,425,000
Change: +22% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,360,000
Change: +16% · Conversion: Difficult
RESTAURANT
$1,355,000
Change: +16% · Conversion: Moderate
RETAIL STORES
$1,345,000
Change: +15% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,175,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,025,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10%
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
$131 / 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
$20,215
Tax year 2024
Assessed value
$809,900
Assessed 2024
Previous assessed
$809,900
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$417,500
Assessed improvement
$392,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
5
Bathrooms
8
Total area
8,900 SF
Lot
1.16 ac (50,730 SF)
Zoning code
IA
APN
NEWB M:0132-E L:0006
UPID
US38-1781645
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
5
Bathrooms
8
Lot
1.16 ac
Current owner
From public records · entity-resolved
Barry J Lawler
Individual
Mailing address
4 WELBY RD, NEW BEDFORD, MA 02745-1138
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
—
Barry J Lawler
—
Deed
related
$401,000 · Baycoast Bank
Nov 13, 2019
—
Barry J Lawler
—
Deed
related
$374,000 · Baycoast Bank
Jun 13, 2018
—
Barry J Lawler
—
Deed
related
$340,000 · Baycoast Bank
Oct 20, 2016
$400,000
Barry J Lawler
Brian J Lawler
Quit Claim Deed
related
$300,000 · Baycoast Bank
Nov 14, 2014
—
Brian J Lawler
Brian Lawler Family LP
Quit Claim Deed
related
$200,000 · Baycoast Bank
May 14, 2004
$280,000
Brian Lawler Ft LP
Brian Lawler Ft LP
Grant Deed
related
—
Jun 30, 1997
—
Brian J Lawler
—
Deed Of Trust
related
$165,000 · First Federal Savings Bank
Apr 23, 1996
$25,000
Brian J Lawler
Phelan,william F
Grant Deed
—
Nov 27, 1987
—
William F Phelan
—
Deed Of Trust
related
$30,000 · New Bedford Inst Svgs
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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