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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Office buildings
10 Purchase St Fall River, MA 02720-3100
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0871149
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1914
Construction
STEEL FRAME
Total area
13,533 SF
Lot
0.05 ac (2,352 SF)
Zoning code
B-L
APN
FALL M:0N-07 B:0000 L:0039
UPID
US38-0871149
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
Current use
Occupant on record · Public records
-
M & R Capital Realty Real Estate Agency
-
Thyme Blossom Restaurant
-
Sitec Engineering & Land Engineering Consultant
-
Paul Chouinard LMHC Inc. Crisis Center Medical Clinic
-
Kathy, Psychic Medium, Reiki Spiritual Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Rcsi Porperty LLC · 3 yrs held
Rcsi Porperty LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
B-L · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+62.7%
Auto repair, garage
$2.1M
+60.6%
Neighborhood: shopping center
$2.1M
+55.2%
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 Fall River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fall River 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
$1,905,000
ML approach
$1,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,330,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,165,000
Change: +63% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,140,000
Change: +61% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,065,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,790,000
Change: +34% · Conversion: Difficult
RESTAURANT
$1,785,000
Change: +34% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,535,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,440,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.70M (Sep 29 2022)
Last sale anchor
$1.70M
Sep 29 2022
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
$135 / 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
$11,977
Tax year 2024
Assessed value
$500,300
Assessed 2024
Previous assessed
$509,400
-1.8% YoY
Effective rate
2.39%
On assessed value
Assessed land
$122,800
Assessed improvement
$377,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1914
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
5
Units
4
Bathrooms
6
Total area
13,533 SF
Lot
0.05 ac (2,352 SF)
Zoning code
B-L
APN
FALL M:0N-07 B:0000 L:0039
UPID
US38-0871149
Jurisdiction
FALL RIVER
Zoning & alternative use
B-L · Fall River, MA
Zoning B-L · permitted uses
B-L · Fall River, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fall River. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.8M
RESTAURANT
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RESTAURANT
INDUSTRIAL (GENERAL)
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
1914
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
1
Units
4
Bathrooms
6
Lot
0.05 ac
Current owner
From public records · entity-resolved
Rcsi Porperty LLC
Entity
Mailing address
10 PURCHASE ST #501, FALL RIVER, MA 02720-3100
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2025
—
Rcsi Property LLC
—
Deed
related
$350,000 · Bcp Loan Partners LLC
Sep 29, 2022
—
Rcsi Porperty LLC
Fall River Town Of
Redemption Deed
related
—
Apr 30, 2021
—
Rcsi Prop LLC
—
Deed
related
$400,000 · Jobs For Fall River
May 23, 2019
—
Rcsi Property LLC
—
Deed
related
$454,000 · Bristol County Savings Bank
Nov 21, 2016
$300,000
Rcsi Property LLC
G & J Property Management
Quit Claim Deed
$240,000 · St Anne's Cu
Nov 3, 2011
$49,000
Thomas Martin Re INC
Cormier,douglas L
Quit Claim Deed
—
Sep 29, 2008
$1,700,000
G & J Prop Mgmt Corp
Wood Dev LP
Grant Deed
—
Sep 29, 2008
—
G & J Prop Mgmt Corp
—
Grant Deed
related
$700,000 · Martin M Wood
Jul 1, 2005
—
Wood Dev LP
—
Deed Of Trust
related
$2,500,000 · R&mw LP
Mar 7, 2003
—
Wood Dev LP
—
Deed Of Trust
related
$1,000,000 · Gary Needham
Jan 16, 2003
$800,000
Wood Dev LP
Purchase Rlty INC
Grant Deed
$500,000 · Gary Needham
Jun 19, 1997
—
10 Purchase Rlty INC
—
Deed Of Trust
related
$330,000 · Fall River Five Cents
Nov 23, 1988
—
James Karam
—
Deed Of Trust
related
$400,000 · Bank Of New England
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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