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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Industrial land
756 Water St, New Bedford, MA 02740-5752
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-0689947
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1966
Construction
STEEL FRAME
Total area
7,800 SF
Lot
0.47 ac (20,390 SF)
Zoning code
IB
APN
NEWB M:0031 L:0232
UPID
US38-0689947
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
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$903k
Blend (final)
Blend
$660k
Owner & transaction history
Daly Grind II Realty LLC · 3 yrs held
Daly Grind II Realty LLC
since 2023
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
IB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.0M
+16.6%
Office building
$1.0M
+15.7%
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
$690,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$885,000
Current use
WAREHOUSE, STORAGE
$1,030,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$1,025,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $625k (Mar 29 2023)
Last sale anchor
$625k
Mar 29 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
$85 / 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
$13,648
Tax year 2024
Assessed value
$546,800
Assessed 2024
Previous assessed
$546,800
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$546,800
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
YES
Stories
1
Bathrooms
1
Total area
7,800 SF
Lot
0.47 ac (20,390 SF)
Zoning code
IB
APN
NEWB M:0031 L:0232
UPID
US38-0689947
Jurisdiction
NEW BEDFORD
Zoning & alternative use
IB · New Bedford, MA
Zoning IB · permitted uses
IB · 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
INDUSTRIAL (GENERAL) Current
Est. value
$885,000
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
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
1966
Construction
STEEL FRAME
Heating
YES
Stories
1
Bathrooms
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Daly Grind II Realty LLC
Entity
Free & Clear · 3 yrs held
Mailing address
756 S WATER ST, NEW BEDFORD, MA 02740-5752
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2023
$625,000
Daly Grind II Realty LLC
Zga RT
Quit Claim Arm's Length For Ne States
—
May 14, 2019
—
Zga RT Trust
Az Petroleum LLC
Quit Claim Deed
related
—
Dec 7, 2018
—
Az Petroleum LLC
Zga
Quit Claim Deed
related
—
Dec 28, 2012
$250,000
Zga RT
Edsel LP
Grant Deed
—
Sep 16, 2003
$212,500
Edsel LP
S Water RT
Grant Deed
—
Apr 11, 1995
$115,000
South Water RT
Century B&t Co
Grant Deed
$65,000 · Century Bank & Trust Co
Sep 6, 1994
$90,000
Century B
Finn RT
Grant Deed
—
Jan 27, 1988
—
Finn RT
—
Deed Of Trust
related
$625,000 · Zuckerman Family Nomi
Jul 28, 1987
—
Finn RT
—
Deed Of Trust
related
$325,000 · Bankboston Development Co LLC
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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