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Property profile & analytics
OFF-MARKET
Warehouses
400 Myrtle St, New Bedford, MA 02746-1682
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-0371575
Property profile
Verified
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Year built
1970
Construction
STEEL FRAME
Total area
2,060 SF
Lot
0.83 ac (36,224 SF)
Zoning code
IB
APN
NEWB M:0097 L:0144
UPID
US38-0371575
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
-
New Bedford Heating & Cooling HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
400 Myrtle St LLC · 1 yrs held
400 Myrtle St LLC
since 2025
3 recorded transactions
Zoning & alternative use
IB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,174
Tax year 2024
Assessed value
$407,600
Assessed 2024
Previous assessed
$407,600
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$256,700
Assessed improvement
$150,900
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
Warehouses
Use group
BULK STORAGE, TANKS
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
3
Total area
2,060 SF
Lot
0.83 ac (36,224 SF)
Zoning code
IB
APN
NEWB M:0097 L:0144
UPID
US38-0371575
Jurisdiction
NEW BEDFORD
Zoning & alternative use
IB · New Bedford, MA
Zoning IB · permitted uses
IB · 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.
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
3
Lot
0.83 ac
Current owner
From public records · entity-resolved
400 Myrtle St LLC
Entity
Free & Clear · 1 yrs held
Mailing address
400 MYRTLE ST, NEW BEDFORD, MA 02746-1682
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2025
—
400 Myrtle St LLC
Donald Adams
Quitclaim Deed
related
—
Feb 5, 2009
—
Christopher Adams
—
Deed Of Trust
related
$152,824 · Inland Fuel Term INC
Mar 10, 2000
—
Donald Adams 2nd
—
Deed Of Trust
related
$1,000,000 · Enterprise Capital Corp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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