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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Retail space
80-82 Summer St, New Bedford, MA 02740
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-1056757
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
FRAME
Total area
3,348 SF
Lot
0.21 ac (9,248 SF)
Zoning code
MUB
APN
NEWB M:0058 L:0414
UPID
US38-1056757
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
$365k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$515k
Owner & transaction history
Broadway Laundry RT · 11 yrs held
Broadway Laundry RT
since 2015
7 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$540,000
+8.2%
Neighborhood: shopping center
$510,000
+2.2%
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
$365,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
RETAIL STORES
$500,000
Current use
AUTO REPAIR, GARAGE
$540,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$510,000
Change: +2% · Conversion: Moderate
WAREHOUSE, STORAGE
$445,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$440,000
Change: -12% · Conversion: Easy
COMMERCIAL (GENERAL)
$435,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$154 / 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
$10,618
Tax year 2024
Assessed value
$425,400
Assessed 2024
Previous assessed
$425,400
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$173,700
Assessed improvement
$251,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
3,348 SF
Lot
0.21 ac (9,248 SF)
Zoning code
MUB
APN
NEWB M:0058 L:0414
UPID
US38-1056757
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
RETAIL STORES Current
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$510,000
WAREHOUSE, STORAGE
Est. value
$445,000
OFFICE BUILDING
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$435,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Broadway Laundry RT
Individual
Mailing address
173 BROADWAYR, TAUNTON, MA 02780-2547
Ownership since
2015
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
Jul 8, 2015
$410,000
Broadway Laundry RT
Laundromat Hldg Co LLC
Quit Claim Arm's Length For Ne States
$307,500 · Mechanics Cooperative Bank
Apr 20, 2011
—
Laundromat Holding Co LLC
—
Deed Of Trust
related
$1 · Rockland Trust Co
Jul 8, 2008
$372,000
Laundromat Holding Co LLC
Nanfelt,scott B
Grant Deed
$297,600 · Rockland Trust Co
Dec 29, 2003
—
Scott B Nanfelt
—
Deed Of Trust
related
$485,298 · Citizens Bank Of Ma
Dec 21, 2000
—
Scott B Nanfelt
—
Deed Of Trust
related
$900,000 · Citizens Bank Of Ma
Apr 7, 1999
$100,000
Scott B Nanfelt
M&d Partnership
Grant Deed
$100,000 · Bankboston Development Co LLC
Apr 7, 1999
—
Scott B Nanfelt
—
Deed Of Trust
related
$100,000 · Bankboston Development Co LLC
Jan 26, 1989
$112,000
M & D Partnership
Slutsky,dennis
Grant Deed
—
Dec 30, 1988
$112,000
Adler-pollack-sheehan
American Coin
Grant Deed
—
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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