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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Turn key restaurants
791 Purchase St 797, New Bedford, MA 02740-6345
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-1034524
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1949
Construction
FRAME
Total area
17,436 SF
Lot
0.21 ac (9,300 SF)
Zoning code
MUB
APN
NEWB M:0052 L:0292
UPID
US38-1034524
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
-
THE VAULT Music Venue Bar & Pub
-
The Vault Music Hall & Pub Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.62M
Owner & transaction history
791 Purchase Street Ll · 9 yrs held
791 Purchase Street Ll
since 2016
7 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.7M
+0.3%
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
RESTAURANT
$2,655,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,665,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$2,605,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$2,305,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$2,290,000
Change: -14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,265,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±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
$93 / 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
$27,439
Tax year 2024
Assessed value
$1,099,300
Assessed 2024
Previous assessed
$1,099,300
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$211,400
Assessed improvement
$887,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1949
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
7
Total area
17,436 SF
Lot
0.21 ac (9,300 SF)
Zoning code
MUB
APN
NEWB M:0052 L:0292
UPID
US38-1034524
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
RESTAURANT Current
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
RETAIL STORES
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1949
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
7
Lot
0.21 ac
Current owner
From public records · entity-resolved
791 Purchase Street Ll
Individual
Mailing address
222 FLD ST, NEW BEDFORD, MA 02740-2133
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2018
—
791 Purchase Street LLC
—
Deed
related
$225,000 · New Bedford Econ Dev
May 23, 2017
—
791 Purchase Street LLC
—
Deed
related
$100,000 · New Bedford Econ Dev
Apr 7, 2017
—
791 Purchase Street Ll
—
Deed
related
$850,000 · Td Bank NA
Aug 26, 2016
$375,000
791 Purchase Street Ll
Miller Holdings LLC
Quit Claim Arm's Length For Ne States
$288,000 · Baycoast Bank
Apr 1, 2016
$316,500
Miller Holdings LLC
Old Dartmouth Hist Soc
Quit Claim Deed
—
Jun 29, 1994
$140,000
Paul O Lemieux
Silva,john
Grant Deed
$70,000 · Compass Bank For Savings
Jun 29, 1994
—
Paul O Lemieux
—
Deed Of Trust
related
$40,000 · Zenon Grzybowski
Apr 30, 1990
$834,000
Compass Bk For Savings
Boston Five Cents Sb
Grant Deed
related
—
—
—
791 Purchase Street LLC
—
Deed Of Trust
related
$100,000 · New Bedford Econ Dev
—
—
791 Purchase Street LLC
—
Deed Of Trust
related
$225,000 · New Bedford Econ Dev
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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