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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Residential income homes
499 Purchase St, New Bedford, MA 02740-4907
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US38-0962273
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1900
Construction
FRAME
Total area
5,721 SF
Lot
0.14 ac (6,177 SF)
Zoning code
RC
APN
NEWB M:0041 L:0047
UPID
US38-0962273
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
$719k
Blend (final)
Blend
$685k
Owner & transaction history
Henry M Arruda · 25 yrs held
Henry M Arruda
since 2000
7 recorded transactions
Zoning & alternative use
RC · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$925,000
+1.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$915,000
Current use
AUTO REPAIR, GARAGE
$925,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$875,000
Change: -5% · Conversion: Difficult
RESTAURANT
$870,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$855,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$755,000
Change: -17% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: -18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$745,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$685k
Range $617k – $754k · ±10%
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
$120 / 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
$5,788
Tax year 2024
Assessed value
$482,300
Assessed 2024
Previous assessed
$482,300
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$83,200
Assessed improvement
$399,100
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
14
Rooms
14
Bathrooms
6
Total area
5,721 SF
Lot
0.14 ac (6,177 SF)
Zoning code
RC
APN
NEWB M:0041 L:0047
UPID
US38-0962273
Jurisdiction
NEW BEDFORD
Zoning & alternative use
RC · New Bedford, MA
Zoning RC · permitted uses
RC · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$925,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$875,000
RESTAURANT
Est. value
$870,000
RETAIL STORES
Est. value
$855,000
WAREHOUSE, STORAGE
Est. value
$755,000
OFFICE BUILDING
Est. value
$750,000
COMMERCIAL (GENERAL)
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
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
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
14
Rooms
14
Bathrooms
6
Lot
0.14 ac
Current owner
From public records · entity-resolved
Henry M Arruda
Individual
Mailing address
539 ELM ST, SOUTH DARTMOUTH, MA 02748-2142
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2021
—
Henry M Arruda
—
Deed
related
$105,000 · Fall River Five Cents Savings Bank
Jan 11, 2002
—
Henry M Arruda
—
Deed Of Trust
related
$186,300 · Wells Fargo Mortgage
Jul 28, 2000
—
Henry M Arruda
—
Deed Of Trust
related
$200,000 · Edmund Dinis
Jul 18, 2000
$155,000
Henry M Arruda
499 Purchase St RT
Grant Deed
—
Jun 29, 1994
$100,000
Baltic Rlty Corp
Gelven,harvey E
Grant Deed
$108,000 · Zenon Grzybowski
Apr 20, 1990
—
Harvey E Gelven
—
Deed Of Trust
related
$25,000 · Zuckerman Family Nomi
Nov 22, 1989
$65,000
Harvey E Gelven
Figazolo,barbie
Grant Deed
$174,000 · Metrowest Bank
Jun 5, 1987
$120,500
Harvey E Gelven
Levesque,donald F
Grant Deed
$120,500 · Zenon Grzybowski
Jan 30, 1987
—
Barbie Figazolo
—
Deed Of Trust
related
$426,400 · Metrowest Bank
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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