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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Banks
123 Alden Rd Fairhaven, MA 02719-4733
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1617951
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1991
Construction
STEEL FRAME
Total area
12,692 SF
Lot
3.05 ac (132,814 SF)
Zoning code
I
APN
FAIR M:000036 L:00015D S:
UPID
US38-1617951
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
-
Alltrust Credit Union - Fairhaven Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$905k
Owner & transaction history
Mark P Morris · 5 yrs held
Mark P Morris
since 2021
5 recorded transactions
Zoning & alternative use
I · Fairhaven, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fairhaven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairhaven 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
by Request
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,495,000
Current use
RETAIL STORES
$1,300,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10%
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
$71 / 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
$49,485
Tax year 2024
Assessed value
$2,693,800
Assessed 2024
Previous assessed
$2,693,800
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$1,328,100
Assessed improvement
$1,365,700
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
6
Total area
12,692 SF
Lot
3.05 ac (132,814 SF)
Zoning code
I
APN
FAIR M:000036 L:00015D S:
UPID
US38-1617951
Jurisdiction
FAIRHAVEN
Zoning & alternative use
I · Fairhaven, MA
Zoning I · permitted uses
I · Fairhaven, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairhaven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
FINANCIAL BUILDING Current
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
1991
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
6
Lot
3.05 ac
Current owner
From public records · entity-resolved
Mark P Morris
Individual
Mailing address
123 ALDEN RD, FAIRHAVEN, MA 02719-4733
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
—
Mark P Morris
—
Deed
related
$129,810 · Southern Massachusetts Credit Union
Oct 24, 2018
—
David M Braga
—
Deed
related
$105,735 · Southern Mass Cu
Sep 12, 2005
—
Barry L Stone
—
Deed Of Trust
related
$20,000 · Southern Mass Cu
Apr 8, 2004
—
Bonnie L Fitts
—
Deed Of Trust
related
$67,000 · Southern Mass Tel Worker Cu
Feb 13, 2003
—
Frank K Pruchnik
—
Deed Of Trust
related
$15,000 · Southern Mass Tel Worker Cu
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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