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Property profile & analytics
OFF-MARKET
Estimated value
$4,170,000
Manufacturing properties
49 Hassey St, New Bedford, MA 02740-7281
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1071442
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Construction
STEEL FRAME
Total area
39,322 SF
Lot
2.37 ac (103,416 SF)
Zoning code
IB
APN
NEWB M:0037 L:0315
UPID
US38-1071442
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
-
Arena Food Processors Food Processing Plant
-
Mariner Seafood Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.56M
Blend (final)
Blend
$4.17M
Owner & transaction history
Arena Properties LLC · 4 yrs held
Arena Properties LLC
since 2021
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
IB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.4M
+42.6%
Apartment house (5+ units)
$6.3M
+41.2%
Neighborhood: shopping center
$6.0M
+34.7%
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
$5,385,000
ML approach
$4,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,460,000
Current use
AUTO REPAIR, GARAGE
$6,360,000
Change: +43% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,295,000
Change: +41% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,005,000
Change: +35% · Conversion: Difficult
RESTAURANT
$5,990,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$5,880,000
Change: +32% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,200,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$5,160,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$4.17M
Range $3.75M – $4.59M · ±10% · vs last sale $3.00M (Oct 1 2021)
Last sale anchor
$3.00M
Oct 1 2021
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
$106 / 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
$83,995
Tax year 2024
Assessed value
$3,365,200
Assessed 2024
Previous assessed
$3,365,200
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$1,709,200
Assessed improvement
$1,656,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Total area
39,322 SF
Lot
2.37 ac (103,416 SF)
Zoning code
IB
APN
NEWB M:0037 L:0315
UPID
US38-1071442
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
RESTAURANT
Est. value
$6.0M
RETAIL STORES
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1981
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Lot
2.37 ac
Current owner
From public records · entity-resolved
Arena Properties LLC
Entity
Mailing address
49 HASSEY ST, NEW BEDFORD, MA 02740-7281
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$3,000,000
Arena Properties LLC
Group Of Bedford Rlty LLC
Quit Claim Arm's Length For Ne States
$3,000,000 · Eastern Bank
Feb 9, 2012
$2,275,000
Group Of Bedford Realty
Msp Realty LLC
Grant Deed
—
Aug 31, 2005
$2,500,000
Msp Rlty LLC
Casa-sol RT
Grant Deed
$1,750,000 · Zuckerman Family Nomi
Aug 31, 2005
—
Msp Rlty LLC
—
Deed Of Trust
related
$250,000 · Isabel N Perry
Mar 3, 1999
$1,000,000
Casa Sol RT
49 Hassey Street RT
Grant Deed
—
Mar 5, 1993
$550,000
49 Hassey St. RT
Nantucket Dev Corp
Grant Deed
$520,000 · Bankboston Development Co LLC
Jan 6, 1993
$450,000
Mar Vin Rlty Corp Nb
Nantucket Dev Corp
Grant Deed
$335,000 · Compass Bank For Savings
Mar 31, 1992
$1,600,000
Nantucket Dev Corp
49 Hassey St INC
Grant Deed
—
Dec 20, 1988
—
49 Hassey Street INC
—
Deed Of Trust
related
$180,000 · Zuckerman Family Nomi
Mar 16, 1988
$2,400,000
49 Hassey Street INC
Fantastic Rlty Corp
Grant Deed
$2,400,000 · Bankboston Development Co LLC
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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