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    Versatile Gym Space For Lease Title is generated by Realmo AI

    1275 Fall River Ave, Seekonk, MA 02771

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    For Lease
    $12 SF/Yr

    Multi-purpose gym space perfect for various fitness and wellness activities.

    Type:Commercial
    Lot size:
    17.56 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    175
    Last Refresh:
    May 10 at 8:28 pm

    Property Features for 1275 Fall River Ave

    General Information

    Standard status
    Active
    Lot size
    17.56 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Noble Vincent
    Noble Vincent

    Listing agent Noble Vincent

    Listing office Coastal Commercial Real Estate

    Listing date Nov 27, 2025

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coastal Commercial Real Estate

    HighLights

    • Versatile multi‑purpose gym space suitable for various fitness activities.
    • Prime location on Rt 6 in a thriving plaza with ample parking and easy highway access.
    • Open floor plan with high ceilings, mirrored walls, and durable flooring.
    • Natural light from large windows creating a bright and energizing atmosphere.
    • Climate‑controlled environment for year‑round comfort.
    • Changing rooms & bathrooms with lockers and showers on‑site.

    Overview

    This versatile, multi-purpose gym space is located in a thriving plaza on Route 6 and is suited for personal training, group classes, yoga, Pilates, martial arts, dance, or wellness workshops. The space features an open floor plan with high ceilings, mirrored walls, and durable flooring. Large windows provide natural light, creating a bright and energizing atmosphere. Climate control ensures year-round comfort. The property includes a private entrance with secure access, a fully equipped sound system, and optional fitness equipment. Changing rooms and bathrooms with lockers and showers are available on-site, along with a storage area for mats, props, and personal items. Ample parking is available, and the location offers easy accessibility off the highway with great street exposure and nearby shopping.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rocky Silva's American ... Training Center Funcity Trampoline Park ... Family Recreation Center Sherwin-Williams Paint Store Hardware & Home Improvement Spirit Halloween Party Supply Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Prowess Fitness & Nutrition — 40 Mead St Suite C, Seekonk, MA 02771
    • East Bay Sports Performance — 1314 Fall River Ave, Seekonk, MA 02771
    • It's Possible Basketball LLC — 40 Mead St D, Seekonk, MA 02771
    • Wellness with Nikki — 1165 Fall River Ave #3, Seekonk, MA 02771
    • Olympus Indoor Sports — 40 Mead St, Seekonk, MA 02771

    Location Insight

    • Map
    • Local Demand
    City
    Seekonk
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.3232754
    Latitude
    41.7905537

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    FAQs

    What type of property is this?
    Fitness center & gym - Multi-purpose gym space perfect for various fitness and wellness activities.
    Where is this fitness center & gym located?
    The property is located at 1275 Fall River Ave Seekonk, MA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Versatile multi‑purpose gym space suitable for various fitness activities.; Prime location on Rt 6 in a thriving plaza with ample parking and easy highway access.; Open floor plan with high ceilings, mirrored walls, and durable flooring.
    (413) 626-1655
    We can help!
    Listing Contact
    Noble Vincent
    Noble Vincent
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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