Property profile

89 Water St New Bedford, MA 02740

OFF-MARKET
Retail space
Property ID
US38-1113686
19,140 SF 0.3 ac lot Built 1910
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction FRAME
Total area 19,140 SF
Lot 0.3 ac (13,020 SF)
Zoning code IA
APN NEWB M:0053 L:0102
UPID US38-1113686

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization
  • Architect
  • Plumbing Service General Contractor

Location

89 Water St New Bedford, MA 02740-6262
New Bedford metro Census 651800 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.92M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.88M
Blend (final) Blend
$1.87M

Owner & transaction history

since 2023
Last sale
$1.7M
7 recorded transactions
2025
Price N/A
2023
$1.7M
2020
$985,000
2020
$985,000
2003
Price N/A
1998
Price N/A
1997
$225,000

Zoning & alternative use

IA · New Bedford, MA
Zoning description

The intent of this zone is to promote Industrial A uses.

General category INDUSTRIAL
Top alternative use upside
Neighborhood: shopping center $2.9M +2.2%
Restaurant $2.9M +1.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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