New search
Property profile & analytics
OFF-MARKET
Investment properties
50-52 Rivet St, New Bedford, MA 02744
Individually Owned
1-yr Hold
Free & Clear
Property ID
US38-0222425
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1884
Construction
FRAME
Total area
3,474 SF
Lot
0.06 ac (2,644 SF)
Zoning code
MUB
APN
NEWB M:0025 L:0155
UPID
US38-0222425
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Patrick Casimir · 1 yrs held
Patrick Casimir
since 2024
Last sale
$325,000
6 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$372,600
Assessed 2024
Previous assessed
$372,600
+0.0% YoY
Assessed land
$70,100
Assessed improvement
$302,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1884
Construction
FRAME
Heating
BASEBOARD
Buildings
1
Stories
3
Units
2
Rooms
12
Bathrooms
3
Total area
3,474 SF
Lot
0.06 ac (2,644 SF)
Zoning code
MUB
APN
NEWB M:0025 L:0155
UPID
US38-0222425
Jurisdiction
NEW BEDFORD
Zoning & alternative use
MUB · New Bedford, MA
Zoning MUB · permitted uses
MUB · 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.
Building & site characteristics
From public records
Year built
1884
Construction
FRAME
Heating
BASEBOARD
Stories
3
Buildings
1
Units
2
Rooms
12
Bathrooms
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Patrick Casimir
Individual
Free & Clear · 1 yrs held
Mailing address
3 REDWOOD CIR, BOXFORD, MA 01921-2005
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2024
$534,000
Patrick Casimir
Messenger Capital LLC
Deed
related
—
Oct 15, 2024
$512,000
Patrick Casimir
Messenger Capital LLC
Deed
$400,500 · Nqm Funding LLC
Aug 6, 2021
$325,000
Messenger Capital LLC
Kevin Welch
Quit Claim Arm's Length For Ne States
$243,750 · Webster Bank
Dec 28, 2010
$65,000
Kevin Welch
Core Group LLC
Grant Deed
—
Nov 4, 2010
$35,000
Core Grp LLC
Albert Nunes Irt Rl
Grant Deed
—
Sep 7, 2007
$1
Albert Nunes Irt
Nunes,albert
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.
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 50-52 Rivet 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.
