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Financial
Distress signals
Property profile

81 Cove St New Bedford, MA 02744

FOR SALE
Showrooms
Property ID
US38-1549687
227,775 SF 2.78 ac lot Built 1910
Last sale Nov 2006 · $1,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional three-story self-storage facility in New Bedford, MA, presents a compelling investment opportunity. Boasting 91,908 net rentable square feet and 954 units, this recently renovated (2020) property sits on a 2.78-acre lot at 81 Cove St, 02744. Currently operating at 52.1% occupancy, the facility offers significant upside potential. The property generates a current NOI of $298,821, with a pro-forma NOI of $1,564,330 and a pro-forma cap rate of 9.31%. The asking price is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$160k
Tax billed · 2024
Assessed value$6.40M
Assessed land$440k
Assessed improvement$5.96M
Effective rate2.50%

Value estimate

· Oct 2026
$9.57M
$8.61M – $10.52M
Submarket $/SF estimate$11.96M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$115/SF
Submarket average, outlier-cleaned · 130 recorded sales of this use type
Observed band · Q1–Q3$67 – $163

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IB
The intent of this zone is to promote Industrial B uses.
General categoryINDUSTRIAL
JurisdictionNEW BEDFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.4
Dental Office13.0
Law Firm11.9

Location

81 Cove St New Bedford, MA 02744
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
36 County, New Bedford, MA 02744-1102 $189,000 Jul 2022 4,473 SF
315 Rivet, New Bedford, MA 02744-1033 $500,000 Jul 2022 4,403 SF
29 Division, New Bedford, MA 02744-1713 $110,000 Apr 2022 2,600 SF
1275 Cv, New Bedford, MA 02744-1040 $650,000 Sep 2021 7,600 SF
98 Cv, New Bedford, MA 02744-2533 $260,000 Jun 2019 5,748 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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