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Property profile & analytics
FOR SALE
Assisted living facilities
4586 Acushnet Ave, New Bedford, MA 02745-4715
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1471992
For Sale
1 / 33
$5,000,000
4586 Acushnet Ave, New Bedford, MA 02745-4715
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Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1973
Construction
STEEL FRAME
Total area
52,588 SF
Lot
3.67 ac (159,765 SF)
Zoning code
RA
APN
NEWB M:0137 L:0080
UPID
US38-1471992
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
-
SE Massachusetts Health and Rehabilitation Center Nursing Home
-
Bedford Gardens Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.19M
Blend (final)
Blend
$6.37M
Owner & transaction history
Solrac LLC · 3 yrs held
Solrac LLC
since 2022
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
RA · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+101.6%
Office building
$8.6M
+93.3%
Auto repair, garage
$8.4M
+89.9%
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
$6,695,000
ML approach
$6,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$4,445,000
Current use
RESTAURANT
$8,955,000
Change: +102% · Conversion: Difficult
OFFICE BUILDING
$8,590,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,435,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$7,950,000
Change: +79% · Conversion: Difficult
MEDICAL BUILDING
$7,810,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,230,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,730,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$6.37M
Range $5.73M – $7.00M · ±10% · vs last sale $4.28M (Sep 23 2022)
Last sale anchor
$4.28M
Sep 23 2022
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
$121 / 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
$194,815
Tax year 2024
Assessed value
$7,805,100
Assessed 2024
Previous assessed
$7,805,100
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$1,977,100
Assessed improvement
$5,828,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
For Sale
Year built
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
123
Rooms
12
Bathrooms
42
Total area
52,588 SF
Lot
3.67 ac (159,765 SF)
Zoning code
RA
APN
NEWB M:0137 L:0080
UPID
US38-1471992
Jurisdiction
NEW BEDFORD
Zoning & alternative use
RA · New Bedford, MA
Zoning RA · permitted uses
RA · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$4.4M
RESTAURANT
Est. value
$9.0M
OFFICE BUILDING
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$8.4M
RETAIL STORES
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
123
Rooms
12
Bathrooms
42
Lot
3.67 ac
Current owner
From public records · entity-resolved
Solrac LLC
Entity
Mailing address
77 TUCKER LN, DARTMOUTH, MA 02747-3529
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2023
—
Solrac LLC
—
Deed
related
$2,740,000 · Baycoast Bank
Sep 23, 2022
$3,025,000
Solrac LLC
Lesson Learned LLC
Foreclosure
related
—
Nov 3, 2016
$4,000,000
Lesson Learned LLC
Smv New Bedford LLC
Quit Claim Deed
$3,200,000 · Bank Hapoalim Bm
Jun 22, 2006
—
Smv New Bedford LLC
—
Grant Deed
related
$800,000,000 · Column Financial INC
Mar 14, 2005
$4,280,000
Smv New Bedford LLC
Sassaquin Nursing&rehabil
Grant Deed
$820,000,000 · Column Financial INC
Oct 8, 1993
—
Nursng Sassaquin
—
Deed Of Trust
related
$60,000,000 · Pnc Bank
Sep 19, 1991
—
Nrsng Sassaquin
—
Deed Of Trust
related
$1,801,300 · Zuckerman Family Nomi
Apr 9, 1991
—
Sassaquin Nursing
—
Deed Of Trust
related
$700,000 · Dominion Bank Fsb
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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