Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,805,000
Super regional malls
651 Orch St New Bedford, MA 02744-1008
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0068775
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1889
Construction
FRAME
Total area
158,678 SF
Lot
2.68 ac (116,641 SF)
Zoning code
MUB
APN
NEWB M:0019 L:0048
UPID
US38-0068775
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
-
Delphic Associates Construction Company General Contractor
-
Jay Kivowitz Auctioneers Real Estate Auctioneer
-
Cindy Lang Physician
-
South Coast Chiropractic: Cranstoun Erin DC Alternative Medicine Practice
-
Southcoast Pain & Rehab Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.64M
Blend (final)
Blend
$13.81M
Owner & transaction history
Howland Place LLC · 8 yrs held
Howland Place LLC
since 2017
5 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote Mixed Use Business uses.
Zone name
Mixed Use Business
General category
MIXED_USE
Zone area
1,380.62 ac
Source
Realmo
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
WAREHOUSE, STORAGE
$20,990,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$20,820,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$13.81M
Range $12.42M – $15.19M · ±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
$87 / 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
$192,484
Tax year 2024
Assessed value
$7,711,700
Assessed 2024
Previous assessed
$7,711,700
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$1,049,800
Assessed improvement
$6,661,900
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1889
Construction
FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
4
Units
1
Total area
158,678 SF
Lot
2.68 ac (116,641 SF)
Zoning code
MUB
APN
NEWB M:0019 L:0048
UPID
US38-0068775
Jurisdiction
NEW BEDFORD
Zoning & alternative use
MUB · New Bedford, MAZoning 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
Zoning description
The intent of this zone is to promote Mixed Use Business uses.
Zone name
Mixed Use Business
General category
MIXED_USE
Zone area
1,380.62 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$21.0M
OFFICE BUILDING
Est. value
$20.8M
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
1889
Construction
FRAME
Heating
SPACE
Cooling
Yes
Stories
4
Buildings
1
Units
1
Lot
2.68 ac
Current owner
From public records · entity-resolved
Howland Place LLC
Entity
Mailing address
651 ORCH ST STE 308A, NEW BEDFORD, MA 02744-1007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2018
—
Howland Place LLC
—
Deed
related
$250,000 · Bristol County Savings Bank
Dec 27, 2017
$9,650,000
Howland Place LLC
Howland Place RT
Quit Claim Arm's Length For Ne States
$8,000,000 · Bristol County Savings Bank
Dec 15, 2016
—
Howland,place Realty Trust
—
Deed
related
$6,137,250 · St Anne's Cu
Sep 30, 2003
—
Howland Place RT
—
Deed Of Trust
related
$445,000 · Slades Ferry Trust Co
—
—
Howland,place Realty Trust
—
Deed Of Trust
related
$6,137,250 · St Anne's Cu
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 651 Orch 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.
