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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Investment properties
558 Shawmut Ave New Bedford, MA 02740-4619
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0636631
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
5,089 SF
Lot
0.07 ac (3,197 SF)
Zoning code
MUB
APN
NEWB M:0076 L:0006
UPID
US38-0636631
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
-
Premium Convenience Store LLC Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$492k
Blend (final)
Blend
$505k
Owner & transaction history
Clarence Govia · 3 yrs held
Clarence Govia
since 2023
Last sale
$475,650
6 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$825,000
+24.5%
Apartment house (5+ units)
$815,000
+23.2%
Neighborhood: shopping center
$775,000
+17.6%
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
$555,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$660,000
Current use
AUTO REPAIR, GARAGE
$825,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$815,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Change: +18% · Conversion: Difficult
RESTAURANT
$775,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$760,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$675,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$670,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $476k (May 3 2023)
Last sale anchor
$476k
May 3 2023
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
$99 / 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
Assessed value
$392,000
Assessed 2024
Previous assessed
$392,000
+0.0% YoY
Assessed land
$81,600
Assessed improvement
$310,400
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
2
Rooms
10
Bathrooms
3
Total area
5,089 SF
Lot
0.07 ac (3,197 SF)
Zoning code
MUB
APN
NEWB M:0076 L:0006
UPID
US38-0636631
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$825,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$775,000
RESTAURANT
Est. value
$775,000
RETAIL STORES
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$675,000
OFFICE BUILDING
Est. value
$670,000
COMMERCIAL (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
1900
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
2
Rooms
10
Bathrooms
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
Clarence Govia
Individual
Mailing address
558 SHAWMUT AVE, NEW BEDFORD, MA 02740-4619
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
May 15, 2024
—
James J Wice
—
Deed
related
$139,422 · Secretary Housing Urban Development
May 3, 2023
$475,650
Clarence Govia
Vhp RT
Quit Claim Arm's Length For Ne States
$467,032 · Crosscountry Mortgage INC
May 7, 2021
$400,000
Vhp RT
Jnc Realty LLC
Quit Claim Arm's Length For Ne States
$320,000 · Rockland Trust Co
Jan 22, 2008
$1
Jnc Realty LLC
Cordeiro,joao Paulo
Grant Deed
—
Jan 8, 2007
—
Joao Paulo Cordeiro
—
Deed Of Trust
related
$230,000 · Bank Of Fall River
Feb 14, 2005
$245,000
Lucas Jorge
Cordeiro,joao Paulo
Grant Deed
$196,000 · Gateway Funding Corp
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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