Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10 Purchase St Fall River, MA 02720-3100
    Back to Search
    Property profile & analytics

    10 Purchase St Fall River, MA 02720-3100

    View on Map
    • Office buildings
    • 13,533 SF
    • 0.05 lot acres
    Off-Market
    Last Sale Sep 29, 2022
    $1,700,000
    Property ID
    US38-0871149
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,825,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 10 Purchase St

    Year built
    1914
    Construction
    STEEL FRAME
    Lot size
    0.05 lot acres
    Property size
    13,533 SF
    Zone code
    B-L
    Property type
    Office buildings
    APN
    FALL M:0N-07 B:0000 L:0039
    APU
    FALLM0N07B0000L0039

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,905,000
      ML approach
      $1,995,000

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1545
    Latitude
    41.702
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,977
    $122,800
    $377,500
    $500,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,205,000
      19,087 SF

      1151 Robeson St

      OFFICE BUILDING • 19,087 SF
      1151 Robeson St, Fall River, MA 02720-5565
      View Details
    • Value Estimation by Request
      5,421 SF

      251 Bank St

      OFFICE BUILDING • 5,421 SF
      251 Bank St, Fall River, MA 02720-3132
      View Details
    • Value Estimation
      $610,000
      25,944 SF

      191 Bedford St

      OFFICE BUILDING • 25,944 SF
      191 Bedford St, Fall River, MA 02720-3050
      View Details
    • Value Estimation
      $1,115,000
      26,112 SF

      205 Bedford St

      OFFICE BUILDING • 26,112 SF
      205 Bedford St, Fall River, MA 02720-3047
      View Details
    • Value Estimation by Request
      9,681 SF

      126 President Ave

      OFFICE BUILDING • 9,681 SF
      126 President Ave, Fall River, MA 02720-2649
      View Details
    • Value Estimation by Request
      7,132 SF

      456 Rock St

      OFFICE BUILDING • 7,132 SF
      456 Rock St, Fall River, MA 02720-3355
      View Details

    Similar Nearby for Sale

    • $950,000

      Industrial Flex Property Near Route 24

      Industrial flex property with warehouse and office configuration near Route 24.
      593 Airport Rd, Fall River, MA 02720
      View Details
    • $950,000

      Industrial Flex Property Near Route 24

      Industrial flex property with warehouse and office space near Route 24.
      593 Airport Rd, Fall River, MA 02720
      View Details
    • Contact for pricing
      4,527 SF

      Fall River Medical Office Building

      Medical office building for sale or lease in Fall River.
      302 Highland Ave, Fall River, MA 02720
      View Details
    • $455,000

      Two-Family Townhouse Style Home

      Two-unit property ideal for investors or extended family living.
      30 Orange St, Fall River, MA 02720
      View Details
    • Contact for pricing

      Fall River Multifamily Investment Property

      Eighteen-unit multifamily property in Fall River with convenient access.
      575 North Main St, Fall River, MA 02720
      View Details
    • Contact for pricing
      1,594 SF

      Renovated Duplex in Fall River

      Well-maintained duplex with updated features, ideal for investment or living.
      89 Oak St, Fall River, MA 02720
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fall River Office Space Available

      Office space for rent in central Fall River district.
      260 N Main St, Fall River, MA 02720
      View Details
    • Contact for pricing
      1,500 SF

      Office Space For Lease

      Office space available for lease with parking.
      439 Bedford St, Fall River, MA 02720
      View Details
    • Contact for pricing

      Fall River Office Space Available

      Office space for lease in central Fall River district.
      55-57 N Main St, Fall River, MA 02720
      View Details
    • Contact for pricing
      2,275 SF

      Medical Office & Flex Space

      First-class office and flex/industrial units available for lease.
      221 Weaver St, Fall River, MA 02720
      View Details
    • $16 SF/Yr

      Downtown Office Space Available

      Professional office space with parking, close to amenities and highways.
      141 N Main St, Fall River, MA 02720
      View Details
    • $16 SF/Yr

      Prime Retail Space in Fall River

      Commercial space in Fall River's booming market with high visibility.
      101 President Ave 13, Fall River, MA 02720
      View Details
    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.
    10 Purchase St
    Fall River, MA 02720-3100
    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

    Thank You for Inquiry
    10 Purchase St, Fall River, MA, 02720
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!