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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Turn key restaurants
87 Coggeshall St, New Bedford, MA 02746
Entity Owned
12-yr Hold
Free & Clear
Property ID
US38-1351174
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2012
Construction
FRAME
Total area
2,598 SF
Lot
0.52 ac (22,830 SF)
Zoning code
MUB
APN
NEWB M:0093 L:0264
UPID
US38-1351174
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
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$631k
Blend (final)
Blend
$585k
Owner & transaction history
Riverside Landing LLC · 12 yrs held
Riverside Landing LLC
since 2013
7 recorded transactions
Zoning & alternative use
MUB · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$420,000
+6.2%
Neighborhood: shopping center
$395,000
+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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$395,000
Current use
AUTO REPAIR, GARAGE
$420,000
Change: +6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$395,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$390,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$225 / 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
$27,608
Tax year 2024
Assessed value
$1,106,100
Assessed 2024
Previous assessed
$1,106,100
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$339,400
Assessed improvement
$766,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2012
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
2,598 SF
Lot
0.52 ac (22,830 SF)
Zoning code
MUB
APN
NEWB M:0093 L:0264
UPID
US38-1351174
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
$395,000
AUTO REPAIR, GARAGE
Est. value
$420,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$395,000
RETAIL STORES
Est. value
$390,000
RESTAURANT Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2012
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Riverside Landing LLC
Entity
Free & Clear · 12 yrs held
Mailing address
867 MIDDLE RD, ACUSHNET, MA 02743-1412
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2024
—
Highwayview LLC
—
Deed
related
$600,000 · South Shore Bank
Nov 15, 2013
—
Coggeshall New Bedf LLC
—
Deed Of Trust
related
$3,300,000 · Rockland Trust Co
Jul 23, 2013
—
Riverside Landing LLC
Highwayview LLC
Quit Claim Deed
related
—
Jan 27, 2010
$1
45 Coggeshall St. RT
Highwayview LLC
Grant Deed
—
Feb 9, 2009
$2,645,000
Highwayview LLC
2nd Futures RT
Grant Deed
—
Dec 21, 2006
—
Futures Re T 2nd
—
Deed Of Trust
related
$385,000 · Rockland Trust Co
Sep 22, 2005
—
Futures Re T Second
—
Deed Of Trust
related
$1,489,000 · Slades Ferry Trust Co
Jul 15, 2004
$1
Archland Prop I LLC
System Capital Rl Prop Co
Grant Deed
related
—
Jun 16, 2004
$1,375,000
Futures Re T Second
Petnel Prop LLC
Grant Deed
$240,000 · Zuckerman Family Nomi
Feb 6, 2003
—
Petnel Prop LLC
—
Deed Of Trust
related
$250,000 · First Federal Savings Bank
Nov 3, 1997
—
Petnel Prop LLC
—
Deed Of Trust
related
$500,000 · System Cap Real Prop
Oct 29, 1997
$40,000
Karpa INC
City Of New Bedford
Grant Deed
—
Apr 3, 1997
—
Petnel Properties
—
Deed Of Trust
related
$50,000 · First Federal Savings Bank
Jan 31, 1997
—
Petnel Properties LLC
—
Deed Of Trust
related
$800,000 · First Federal Savings Bank
Sep 9, 1987
—
Fairhaven Mills RT
—
Deed Of Trust
related
$1,300,000 · Zwi Kohorn
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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