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Property profile & analytics
OFF-MARKET
Estimated value
$3,975,000
Gas stations
1363 Main St Fall River, MA 02724-2705
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0863381
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
2003
Construction
FRAME
Total area
2,226 SF
Lot
0.48 ac (21,048 SF)
Zoning code
B-L
APN
FALL M:0G-24 B:0000 L:0008
UPID
US38-0863381
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
-
Ameristore Grocery & Convenience Store
-
Honey Dew Donuts Bakery Discount Store
-
MACEDONIA GR, INC. Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.98M
Owner & transaction history
Gita RT · 1 yrs held
Gita RT
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
B-L · Fall River, 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 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
$3,975,000
ML approach
$3,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±10% · vs last sale $3.98M (Nov 6 2024)
Last sale anchor
$3.98M
Nov 6 2024
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
$1,786 / 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
$30,672
Tax year 2024
Assessed value
$1,281,200
Assessed 2024
Previous assessed
$1,287,900
-0.5% YoY
Effective rate
2.39%
On assessed value
Assessed land
$748,600
Assessed improvement
$532,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
2,226 SF
Lot
0.48 ac (21,048 SF)
Zoning code
B-L
APN
FALL M:0G-24 B:0000 L:0008
UPID
US38-0863381
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.
Building & site characteristics
From public records
Year built
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Gita RT
Individual
Mailing address
52 BOYCE AVE, BARRINGTON, RI 02806-2617
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2024
$3,975,000
Gita RT
Demetrios Sourmaidis
Deed
$2,600,000 · Digital FCU
May 14, 2021
—
Demetrios Sourmaidis
—
Deed
related
$275,000 · Franklin Savings Bank (maine)
Jan 11, 2018
—
Demetrios J Sourmaidis
—
Deed
related
$275,000 · St Anne's Cu
Jun 1, 2007
$1,500,000
Demetrios J Sourmaidis
Catahoula RT
Deed
$1,400,000 · Fall River Five Cents
Jun 1, 2007
—
Demetrios Sourmaidis
—
Deed Of Trust
related
$100,000 · Jobs For Fall River
Jul 17, 2003
—
Catahoula RT
—
Deed Of Trust
related
$159,648 · Mutual Oil Co INC
Nov 21, 2002
$130,000
Catahoula RT
Motiva Ent LLC
Grant Deed
$500,000 · Fall River Five Cents
—
—
Demetrios J Sourmaidis
—
Deed Of Trust
related
$1,165,000 · St Anne's Cu
—
—
Demetrios J Sourmaidis
—
Deed Of Trust
related
$275,000 · St Anne's 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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