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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Office buildings
17 Ctr St, Fairhaven, MA 02719
Individually Owned
7-yr Hold
Free & Clear
Property ID
US38-0371841
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1942
Total area
5,410 SF
Lot
0.36 ac (15,577 SF)
Zoning code
MU
APN
FAIR M:000007 L:00025 S:
UPID
US38-0371841
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$600k
Blend (final)
Blend
$800k
Owner & transaction history
Northeast Maritime Inst · 7 yrs held
Northeast Maritime Inst
since 2018
1 recorded transaction
Zoning & alternative use
MU · Fairhaven, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+53.2%
Auto repair, garage
$965,000
+16.5%
Retail stores
$890,000
+7.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$825,000
Current use
RESTAURANT
$1,265,000
Change: +53% · Conversion: Moderate
AUTO REPAIR, GARAGE
$965,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$890,000
Change: +7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$865,000
Change: +5% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$825,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$805,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$715,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$148 / 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
$12,078
Tax year 2024
Assessed value
$657,500
Assessed 2024
Previous assessed
$657,500
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$192,600
Assessed improvement
$464,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1942
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
4
Total area
5,410 SF
Lot
0.36 ac (15,577 SF)
Zoning code
MU
APN
FAIR M:000007 L:00025 S:
UPID
US38-0371841
Jurisdiction
FAIRHAVEN
Zoning & alternative use
MU · Fairhaven, MA
Zoning MU · permitted uses
MU · 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
OFFICE BUILDING Current
Est. value
$825,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$965,000
RETAIL STORES
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$865,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$715,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1942
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
4
Lot
0.36 ac
Current owner
From public records · entity-resolved
Northeast Maritime Inst
Individual
Free & Clear · 7 yrs held
Mailing address
32 WASHINGTON ST, FAIRHAVEN, MA 02719-2960
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2018
$610,000
Northeast Maritime Inst
Frates Realty Corp
Quit Claim Deed
—
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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