Technical
Financial
Distress signals
Property profile

585 Allen St New Bedford, MA 02740

OFF-MARKET
Banks
Property ID
US38-1053169
3,600 SF 0.62 ac lot Built 2001
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2001
Construction FRAME
Total area 3,600 SF
Lot 0.62 ac (26,920 SF)
Zoning code MUB
APN NEWB M:0039 L:0002
UPID US38-1053169

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Bank Loan Service

Location

585 Allen St New Bedford, MA 02740-2378
New Bedford metro Census 652200 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
$498k
Blend (final) Blend
$515k

Owner & transaction history

Zoning & alternative use

MUB · New Bedford, MA
Zoning description

The intent of this zone is to promote Mixed Use Business uses.

General category MIXED_USE
Top alternative use upside
Auto repair, garage $565,000 +21.4%
Medical building $535,000 +14.9%
Retail stores $500,000 +7.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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