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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Super regional malls
446 Mt Pleasant St 462 New Bedford, MA 02746-1528
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-0856153
Property summary
AI-generated overview
This exceptional 2,400 square foot retail space is located at 446-462 Mt. Pleasant Street in New Bedford, Massachusetts, within Bristol County. The property is classified as a single-tenant shopping center, offering a completely vacant space ready for immediate occupancy. The entire 2,400 square feet is available for lease, presenting a unique opportunity for a business seeking a prominent location in a bustling area. The address is 446 Mt. Pleasant St, New Bedford, MA 02746. This property's convenient location offers excellent visibility and accessibility for customers. The building's size provides ample space for a variety of retail uses, allowing for flexible layout and design to suit individual business needs. The property is situated in a dynamic commercial area, providing potential for high foot traffic and strong customer engagement. This is an ideal opportunity for a business looking to establish or expand its presence in the thriving New Bedford market. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire promptly to secure this exceptional retail space. The property is located at latitude 41.6624899 and longitude -70.942424.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1958
Construction
STEEL FRAME
Total area
41,838 SF
Lot
2.87 ac (125,200 SF)
Zoning code
IA
APN
NEWB M:0102 L:0083
UPID
US38-0856153
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.11M
Owner & transaction history
Psnb Realty LLC · 5 yrs held
Psnb Realty LLC
since 2020
Last sale
$847,525
3 recorded transactions
Zoning & alternative use
IA · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote Industrial A uses.
Zone name
Industrial A
General category
INDUSTRIAL
Zone area
433.23 ac
Source
Realmo
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
$1,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $848k (Dec 31 2020)
Last sale anchor
$848k
Dec 31 2020
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
$26 / 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
$67,112
Tax year 2024
Assessed value
$2,688,800
Assessed 2024
Previous assessed
$2,688,800
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$1,211,300
Assessed improvement
$1,477,500
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1958
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
6
Bathrooms
9
Total area
41,838 SF
Lot
2.87 ac (125,200 SF)
Zoning code
IA
APN
NEWB M:0102 L:0083
UPID
US38-0856153
Jurisdiction
NEW BEDFORD
Zoning & alternative use
IA · New Bedford, MAZoning 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
Zoning description
The intent of this zone is to promote Industrial A uses.
Zone name
Industrial A
General category
INDUSTRIAL
Zone area
433.23 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1958
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
6
Bathrooms
9
Lot
2.87 ac
Current owner
From public records · entity-resolved
Psnb Realty LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7 DEER RUN, CHARLTON, MA 01507-1577
Ownership since
2020
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
Dec 31, 2020
$6,800,000
Psnb Realty LLC
Tdc
Quit Claim Deed
—
Apr 6, 1993
$847,525
Tdc RT
Colex RT
Grant Deed
$635,000 · Shawmut Bank Of Boston
Jan 23, 1992
$1,800,000
Colex RT
Sylvia,edward J JR
Grant Deed
—
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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