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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Super regional malls
147 Borden St Fall River, MA 02721-2886
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0482759
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1984
Construction
STEEL FRAME
Total area
3,256 SF
Lot
0.34 ac (14,902 SF)
Zoning code
CBD
APN
FALL M:0N-20 B:0000 L:0059
UPID
US38-0482759
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$615k
Owner & transaction history
Borden Plaza LLC · 2 yrs held
Borden Plaza LLC
since 2024
Last sale
$612,500
7 recorded transactions
Zoning & alternative use
CBD · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
f Uses included as an attachment to this chapter (§ 86-36 ). B. Dimensional regulations. See the Table of Dimensional Regulations included as an attachment to this chapter (§ 86-35 ). § 86-171 Central Business District (CBD). § 86-172 Mixed Use Business District (MBD). § 86-173 Neighborhood Shopping District (B-N). § 86-174 Local Business District (B-L). § 8…
Zone name
Central Business
General category
COMMERCIAL
Zone area
23.72 ac
Top alternative use upside
Auto repair, garage
$515,000
+3.5%
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
$615,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$495,000
Current use
AUTO REPAIR, GARAGE
$515,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$430,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $613k (May 31 2024)
Last sale anchor
$613k
May 31 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
$189 / 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
$10,246
Tax year 2024
Assessed value
$428,000
Assessed 2024
Previous assessed
$428,000
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$171,900
Assessed improvement
$256,100
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Bathrooms
6
Total area
3,256 SF
Lot
0.34 ac (14,902 SF)
Zoning code
CBD
APN
FALL M:0N-20 B:0000 L:0059
UPID
US38-0482759
Jurisdiction
FALL RIVER
Zoning & alternative use
CBD · Fall River, MAZoning CBD · permitted uses
CBD · Fall River, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
f Uses included as an attachment to this chapter (§ 86-36 ). B. Dimensional regulations. See the Table of Dimensional Regulations included as an attachment to this chapter (§ 86-35 ). § 86-171 Central Business District (CBD). § 86-172 Mixed Use Business District (MBD). § 86-173 Neighborhood Shopping District (B-N). § 86-174 Local Business District (B-L). § 86-175 Waterfront and Transit-Oriented Development District (WTOD). § 86-176 Medical
Zone name
Central Business
General category
COMMERCIAL
Zone area
23.72 ac
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$515,000
WAREHOUSE, STORAGE
Est. value
$430,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Bathrooms
6
Lot
0.34 ac
Current owner
From public records · entity-resolved
Borden Plaza LLC
Entity
Mailing address
147 BORDEN ST, FALL RIVER, MA 02721-2886
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
May 31, 2024
$612,500
Borden Plaza LLC
Wp Enterprise RT
Quit Claim Arm's Length For Ne States
$459,375 · Rockland Trust Co
Oct 27, 2009
$1
Wp Enterprises RT
Vieira,sharon
Grant Deed
—
Oct 26, 2004
$1
Wp Ent RT
Carvalho,christopher A
Grant Deed
related
—
Aug 16, 2004
—
Christopher A Carvalho
—
Deed Of Trust
related
$238,425 · Equity One INC
Oct 8, 1998
$155,000
Wp Ent RT
Pavlis,sotiris
Grant Deed
$124,000 · Fleet National Bank
Apr 29, 1994
$100,000
Sotiris Paulis
Rlm Rlty Ptnshp
Grant Deed
$40,000 · Zuckerman Family Nomi
Apr 29, 1994
—
Sotiris Paulis
—
Deed Of Trust
related
$25,000 · Zenon Grzybowski
Jan 12, 1994
—
Milton Souza
—
Deed Of Trust
related
$25,000 · Nicholas L Triantos
Jul 27, 1990
—
Milton Souza
—
Deed Of Trust
related
$5,305,000 · Durfee Attleboro Bk
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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