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    13 Peck St Fall River, MA 02724
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    Property profile & analytics

    13 Peck St Fall River, MA 02724

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    • Commercial real estate
    • 5,475 SF
    • 0.13 lot acres
    Off-Market
    Property ID
    US38-0410894
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 13 Peck St

    Lot size
    0.13 lot acres
    Property size
    5,475 SF
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property, located at 13 Peck Street in Fall River, Massachusetts, presents a compelling investment opportunity. The 5,475 square foot building sits on a 0.13-acre lot and comprises six units, each boasting three spacious bedrooms, ample storage, and generously sized living areas. A full basement provides additional storage for tenants. The property features a fully fenced yard, ideal for residents with pets. Its convenient location near Abbott Court Playground and Kelly Park makes it particularly attractive to families. Proximity to the Taunton River, Mount Hope Bay, and Cook Pond offers recreational opportunities, while easy access to Route 138 and I-195 ensures convenient commuting. The property's strong rental potential makes it an attractive investment for those seeking a steady income stream. The asking price for this property is $749,000. The zip code is 02724. Note that certain financing options, such as a 1% buy-down rate and 0% down financing, may be available to qualified buyers, subject to terms and conditions. Additional incentives may also be available for first responders and military members. Information regarding these programs should be verified independently.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    25005
    State
    Massachusetts
    Longitude
    -71.17489
    Latitude
    41.6859563

    Comparable in this City

    • $3,000,000
      Pending

      Fall River Mill Building Opportunity

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    • $1,200,000
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      344-354 E Main St, Fall River, MA 02724

      Apartment buildings
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    • $749,990
      3,550 SF

      Fall River Multi-Family Residence

      Spacious multi-family property with seven bedrooms and ample outdoor space.
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      3,550 SF

      Spacious Multi-Family Residence

      Multi-family residence with seven bedrooms and ample outdoor space.
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      1,760 SF

      East Main Street Commercial Building

      Meticulously maintained building with parking in vibrant Fall River.
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      Charming Six-Family Investment Opportunity

      Fully occupied six-family building with upside potential in desirable location.
      1146 Slade St, Fall River, MA 02724
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    Similar Nearby for Sale

    • $3,000,000
      Pending

      Fall River Mill Building Opportunity

      Industrial-zoned mill building for redevelopment or owner-occupancy.
      460 Globe St, Fall River, MA 02724
      View Details
    • $1,200,000
      Pending

      344-354 E Main St, Fall River, MA 02724

      Apartment buildings
      344-354 E Main St, Fall River, MA 02724
      View Details
    • Contact for pricing
      1,760 SF

      East Main Street Commercial Building

      Meticulously maintained building with parking in vibrant Fall River.
      246 E Main St, Fall River, MA 02724
      View Details
    • Contact for pricing
      3,550 SF

      Spacious Multi-Family Residence

      Multi-family residence with seven bedrooms and ample outdoor space.
      609 King Philip St, Fall River, MA 02724
      View Details
    • $749,990
      3,550 SF

      Fall River Multi-Family Residence

      Spacious multi-family property with seven bedrooms and ample outdoor space.
      609 King Philip St, Fall River, MA 02724
      View Details
    • $975,000

      Charming Six-Family Investment Opportunity

      Fully occupied six-family building with upside potential in desirable location.
      1146 Slade St, Fall River, MA 02724
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr

      Commercial Space with High Ceilings

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    • Contact for pricing
      45,000 SF

      Fall River Mill Space Available

      Manufacturing/warehouse spaces available in Fall River mill.
      113 Griffin St, Fall River, MA 02724
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      2,109 SF

      Fall River Retail Space Available

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      310-340 Rhode Island Ave, Fall River, MA 02724
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    • $2,700 /Mo

      Turnkey Barbershop in High-Traffic Area

      Fully built-out barbershop with modern amenities in a prime location.
      175-179 E Main St, Fall River, MA 02724
      View Details
    • $1,700 /Mo

      Renovated First Floor Office Space

      Renovated first-floor office space with included utilities and convenient location.
      397 Bay St, Fall River, MA 02724
      View Details
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    13 Peck St
    Fall River, MA 02724
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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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