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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Investment properties
98 Frnt St New Bedford, MA 02740-7262
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-0208982
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
5,278 SF
Lot
0.09 ac (3,942 SF)
Zoning code
IA
APN
NEWB M:0053 L:0192
UPID
US38-0208982
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
$1.17M
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$934k
Blend (final)
Blend
$1.16M
Owner & transaction history
New Bedford INC · 4 yrs held
New Bedford INC
since 2021
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
IA · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote Industrial A uses.
Zone name
Industrial A
General category
INDUSTRIAL
Zone area
433.23 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$855,000
+24.5%
Apartment house (5+ units)
$845,000
+23.2%
Neighborhood: shopping center
$805,000
+17.6%
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
$1,180,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,055,000
7%
$980,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$855,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$805,000
Change: +18% · Conversion: Difficult
RESTAURANT
$805,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$790,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$700,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $1.15M (Mar 28 2025)
Last sale anchor
$1.15M
Mar 28 2025
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
$220 / 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
Assessed value
$1,161,000
Assessed 2024
Previous assessed
$1,161,000
+0.0% YoY
Assessed land
$184,700
Assessed improvement
$976,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
4
Bathrooms
4
Total area
5,278 SF
Lot
0.09 ac (3,942 SF)
Zoning code
IA
APN
NEWB M:0053 L:0192
UPID
US38-0208982
Jurisdiction
NEW BEDFORD
Zoning & alternative use
IA · New Bedford, MAZoning IA · permitted uses
IA · New Bedford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote Industrial A uses.
Zone name
Industrial A
General category
INDUSTRIAL
Zone area
433.23 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$855,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$805,000
RESTAURANT
Est. value
$805,000
RETAIL STORES
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$700,000
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
4
Bathrooms
4
Lot
0.09 ac
Current owner
From public records · entity-resolved
New Bedford INC
Entity
Free & Clear · 4 yrs held
Mailing address
39 BETHEL ST, NEW BEDFORD, MA 02740-6240
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2021
$1,025,000
New Bedford INC
Horace F Field
Quit Claim Arm's Length For Ne States
—
Mar 31, 2010
$800,000
Horace F Field 4th
Bennett Ft
Grant Deed
$540,000 · Harborone Cu
Aug 31, 1992
$25,000
Richard R Medeiros
Tower T
Grant Deed
—
Feb 6, 1990
$50,000
T Tower
Afonso,antonio A
Grant Deed
$150,000 · 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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