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    Property profile & analytics

    771 Purchase St, Unit 777 New Bedford, MA 02740-6343

    • Investment properties
    • 29,276 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $675,000
    Location Intelligence
    Property ID
    US38-1594101
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Family Dollar / Discount Store / Discount Supermarket

    Property Details for 771 Purchase St

    Year built
    1884
    Construction
    FRAME
    Lot size
    0.23 lot acres
    Property size
    29,276 SF
    Zone code
    MUB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NEWB M:0052 L:0297
    APU
    NEWBM0052L0297

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $710,000

    • CAP approach

      CAP return
      Estimation
      6%
      $605,000
      6.5%
      $540,000
      7%
      $555,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $670,000
      Geo Method
      $675,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $585,000
      Retail
      $625,000
      Mixed-Use
      $720,000
      Hospitality
      $730,000
      Educational
      $610,000
      Residential Income
      $600,000
      Energy
      $690,000
      Income-Based Land
      $540,000
      Food Service
      $615,000

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9262
    Latitude
    41.6347
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $218,800
    $1,026,600
    $1,245,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      10 Briggs St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.07 Acres
      10 Briggs St, New Bedford, MA 02740-3201
      View Details
    • Value Estimation
      $345,000
      0.17 Acres

      67-69 Austin St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.17 Acres
      67-69 Austin St, New Bedford, MA 02740
      View Details
    • Value Estimation
      $620,000
      0.38 Acres

      892-896 Hathaway Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.38 Acres
      892-896 Hathaway Rd, New Bedford, MA 02740
      View Details
    • Value Estimation by Request
      146,081 SF

      800 Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE) • 146,081 SF
      800 Pleasant St, New Bedford, MA 02740-6100
      View Details
    • Value Estimation
      $620,000
      0.13 Acres

      629 Purchase St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.13 Acres
      629 Purchase St, New Bedford, MA 02740-6379
      View Details
    • Value Estimation
      $290,000
      1,625 SF

      1956 Purchase St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,625 SF
      1956 Purchase St, New Bedford, MA 02740-7105
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
      7,884 SF

      Retail Space with Business Opportunity

      7,884 SF retail space with established flooring business option.
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      Compact Office/Storage Space Available

      75 sq ft office/storage space for lease. Option to double.
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      View Details
    • $20 SF/Yr

      Downtown New Bedford Office Space

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      View Details
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    771 Purchase St, Unit 777
    New Bedford, MA 02740-6343
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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