New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,865,000
Grocery and convenience stores
438 Dartmouth St New Bedford, MA 02740-1115
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1401858
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Total area
73,868 SF
Lot
6.47 ac (281,798 SF)
Zoning code
IB
APN
NEWB M:0018 L:0001
UPID
US38-1401858
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
-
Stop & Shop Grocery & Convenience Store Food Market
-
Stop & Shop Florist (Bike/Boat/Book/etc) Store Florist
-
Coinstar Bank Credit Union
-
Stop & Shop Pharmacy Pharmacy
-
Super Stop & Shop Gas Station Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.65M
Blend (final)
Blend
$6.87M
Owner & transaction history
Yale New Bedford Assoc Ll · 3 yrs held
Yale New Bedford Assoc Ll
since 2023
Last sale
$6.4M
3 recorded transactions
Zoning & alternative use
IB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.3M
+2.2%
Restaurant
$11.3M
+1.9%
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
$7,025,000
ML approach
$6,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$11,045,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,285,000
Change: +2% · Conversion: Moderate
RESTAURANT
$11,250,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$9,770,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$9,690,000
Change: -12% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,600,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$6.87M
Range $6.18M – $7.55M · ±10% · vs last sale $6.39M (Jun 23 2023)
Last sale anchor
$6.39M
Jun 23 2023
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
$93 / 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
$177,768
Tax year 2024
Assessed value
$7,122,100
Assessed 2024
Previous assessed
$7,122,100
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$303,800
Assessed improvement
$6,818,300
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
73,868 SF
Lot
6.47 ac (281,798 SF)
Zoning code
IB
APN
NEWB M:0018 L:0001
UPID
US38-1401858
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.3M
RESTAURANT
Est. value
$11.3M
WAREHOUSE, STORAGE
Est. value
$9.8M
OFFICE BUILDING
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$9.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
6.47 ac
Current owner
From public records · entity-resolved
Yale New Bedford Assoc Ll
Individual
Mailing address
10 NEW KING ST, WEST HARRISON, NY 10604-1205
Ownership since
2023
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
Jun 23, 2023
—
Yale New Bedford Assoc Ll
Yale New Bedford T
Quit Claim Deed
related
$10,500,000 · Protective Life Ins C
Aug 28, 1997
$6,386,860
New Bedford T Yale
Rockdale Realty Assoc
Grant Deed
—
Jan 24, 1990
—
Rockdale Realty Assoc
—
Deed Of Trust
related
$5,600,000 · Zuckerman Family Nomi
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 438 Dartmouth St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
