Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    460 Globe St Fall River, MA 2724

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,000,000

    Industrial-zoned mill building for redevelopment or owner-occupancy.

    Type:Commercial/Industrial
    Property size:
    98,190 SF
    Lot size:
    1.73 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    22
    Last Refresh:
    Mar 27 at 2:54 am

    Property Features for 460 Globe St

    General Information

    Standard status
    Active
    Size
    98,190 SF
    Lot size
    1.73 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Christopher J. Paiva

    Listing agent Christopher J. Paiva License #450550603

    Listing office Paiva Real Estate Services, LLC

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Paiva Real Estate Services, LLC

    Overview

    Fall River Mill Building Opportunity

    This industrial-zoned (CMD) mill building presents a business owner or redevelopment opportunity. The property, located close to highway access and within 2 miles of the Fall River MBTA station, offers over 98,000 square feet of space. The building footprint measures 76 feet by 275 feet. The structure includes three stories above a full basement, with each floor offering approximately 24,500 square feet. Ceiling heights range from 8 feet in the basement to 15 feet on the upper level. The property includes on-site parking and is situated on a lot exceeding 1.7 acres, with frontage on two public streets. The property is currently income-producing, allowing for rental income during any potential redevelopment process. The building's location and size make it suitable for various business uses.
    Location Intelligence

    Current Use by Public Records

    Globe Flea Market (Bike/Boat/Book/etc) Store Farm-her Brown’s Marketplace (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1723
    Latitude
    41.6888

    Nearby Similar for Sale

    • $789,000
      3,437 SF

      Fall River Multi-Family Investment

      Investor-friendly three-family near park, generating rental income.
      27 Gagnon St, Fall River, MA 02723
      View Details
    • $699,900
      3,894 SF

      Spacious Fall River Multi-Family

      Updated 3-family with income potential, move-in ready units.
      194 Albion St, Fall River, MA 02723
      View Details
    • $959,000
      3,354 SF

      Updated Multifamily Investment Property

      Fully updated four-unit multifamily property near amenities and major routes.
      169 Grant St, Fall River, MA 02721
      View Details
    • $619,900
      2,711 SF

      Fall River Multifamily Home

      Two-family home with modern updates and income potential.
      63 Brow St, Fall River, MA 02721
      View Details
    • $499,900
      2,409 SF

      Updated Two-Family Home, Income Potential

      Spacious, updated two-family home with income potential in Fall River.
      654 Third, Fall River, MA 02721
      View Details
    • $679,900
      4,423 SF

      Spacious Multi-Family in Fall River

      Three units, over 4,400 sq ft, income potential.
      550 June St, Fall River, MA 02720
      View Details
    • $639,900
      4,092 SF

      Renovated Two-Family with Expansion Potential

      Turn-key two-family with modern upgrades and expansion potential.
      271 Mulberry St, Fall River, MA 02721
      View Details
    • $675,000
      3,798 SF

      Fall River Multifamily Investment Property

      Well-maintained four-unit property in Fall River's south end.
      158 Forest St, Fall River, MA 02721
      View Details
    • $479,900
      1,685 SF

      Renovated Two-Family Home, Vacant

      Renovated two-family home with modern style and versatile living spaces.
      658 Third, Fall River, MA 02721
      View Details
    • $399,000
      3,177 SF

      Fall River Three-Family Home

      Three-family home near train depot and pier, needs complete rehab.
      154 Barnaby Street, Fall River, MA 02720
      View Details
    • $7

      Fall River Commercial Space

      6,500 sqft commercial space for lease in Fall River.
      1533 S Main Street, Fall River, MA 02724
      View Details
    • $475,000
      2,040 SF

      Updated Two-Family Home

      Renovated two-family home with investment potential in Fall River.
      928 Middle St, Fall River, MA 02721
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial-zoned mill building for redevelopment or owner-occupancy.
    Where is this industrial property located?
    The property is located at 460 Globe St Fall River, MA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Industrial (CMD) zoning suitable for business or redevelopment.; Large building footprint (76'x275') with over 98,000 sq ft of space.; Convenient location near highway access and the Fall River MBTA station.
    (508) 970-5612
    We can help!
    Listing Contact
    Christopher J. Paiva
    Real Estate License ID: 450550603
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!