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Property profile & analytics
OFF-MARKET
Estimated value
$15,310,000
Assisted living facilities
863 Hathaway Rd, New Bedford, MA 02740-1916
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1814793
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1988
Construction
STEEL FRAME
Total area
57,705 SF
Lot
9.55 ac (415,911 SF)
Zoning code
RA
APN
NEWB M:0121 L:0101
UPID
US38-1814793
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
-
Hall Caroline C Physician
-
Hathaway Manor Extended Care Rehabilitation Center Nursing Home
-
Kelly Thomasset Physician
-
Cheyenne Collins Physician
-
Mary Saucier Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.31M
Owner & transaction history
New Bedford Mgmt Systems · 3 yrs held
New Bedford Mgmt Systems
since 2022
Last sale
$16.0M
5 recorded transactions
Zoning & alternative use
RA · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.8M
+101.4%
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
$11,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,820,000
Change: +101% · Conversion: Difficult
Blend value · Realmo final
$15.31M
Range $13.78M – $16.84M · ±10% · vs last sale $15.99M (Dec 30 2022)
Last sale anchor
$15.99M
Dec 30 2022
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
$265 / 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
$260,033
Tax year 2024
Assessed value
$10,418,000
Assessed 2024
Previous assessed
$10,418,000
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$2,159,300
Assessed improvement
$8,258,700
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
142
Rooms
14
Bathrooms
48
Total area
57,705 SF
Lot
9.55 ac (415,911 SF)
Zoning code
RA
APN
NEWB M:0121 L:0101
UPID
US38-1814793
Jurisdiction
NEW BEDFORD
Zoning & alternative use
RA · New Bedford, MA
Zoning RA · permitted uses
RA · 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
Est. value
$9.8M
RESTAURANT
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
142
Rooms
14
Bathrooms
48
Lot
9.55 ac
Current owner
From public records · entity-resolved
New Bedford Mgmt Systems
Individual
Mailing address
75 NN ST STE #210, PITTSFIELD, MA 01201-5126
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
$15,990,000
New Bedford Mgmt Systems
Hathaway Manor LLC
Quit Claim Arm's Length For Ne States
$1 · The Bank Of New York Mellon
May 10, 2022
—
Robert A Rossi
Blaszczak Frank Est
Personal Representative Deed
—
Oct 4, 1991
—
John C Chakalos
—
Deed Of Trust
related
$7,159,112 · Zuckerman Family Nomi
Aug 8, 1990
—
John C Chakalos
—
Deed Of Trust
related
$7,205,717 · Zuckerman Family Nomi
Dec 5, 1989
$7,124,956
John C Chakalos
Mediplex Const Co
Grant Deed
$6,233,448 · Zenon Grzybowski
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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