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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
1741 President Ave, Fall River, MA 02720-7113
Individually Owned
15-yr Hold
Free & Clear
Property ID
US38-1156911
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
FRAME
Total area
8,096 SF
Lot
0.26 ac (11,191 SF)
Zoning code
S
APN
FALL M:0P-18 B:0000 L:0007
UPID
US38-1156911
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
-
Dr. Paul J. Botelho, MD Ophthalmologist
-
Advanced Eye Centers, Inc. Medical Clinic Ophthalmologist
-
Advanced Eye Center: Audycki Sherry L OD Eye Care Center
-
Lori Michaud, O.D Physician
-
Dr. Robert H. Janigian Jr, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$792k
Blend (final)
Blend
$580k
Owner & transaction history
1741 President · 15 yrs held
1741 President
since 2010
6 recorded transactions
Zoning & alternative use
S · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$920,000
+15.3%
Retail stores
$860,000
+8.1%
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
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$795,000
Current use
INDUSTRIAL (GENERAL)
$920,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$860,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$72 / 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
$17,732
Tax year 2024
Assessed value
$740,700
Assessed 2024
Previous assessed
$642,500
+15.3% YoY
Effective rate
2.39%
On assessed value
Assessed land
$147,600
Assessed improvement
$593,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Bathrooms
6
Total area
8,096 SF
Lot
0.26 ac (11,191 SF)
Zoning code
S
APN
FALL M:0P-18 B:0000 L:0007
UPID
US38-1156911
Jurisdiction
FALL RIVER
Zoning & alternative use
S · Fall River, MA
Zoning S · permitted uses
S · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$795,000
INDUSTRIAL (GENERAL)
Est. value
$920,000
RETAIL STORES
Est. value
$860,000
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
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
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Bathrooms
6
Lot
0.26 ac
Current owner
From public records · entity-resolved
1741 President
Individual
Free & Clear · 15 yrs held
Mailing address
500 FAUNCE COR RD STE #110, NORTH DARTMOUTH, MA 02747-1255
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2019
—
1741 President LLC
—
Deed
related
$300,000 · Fall River Five Cents Svgs Bk
Feb 25, 2011
—
1741 President LLC
—
Deed Of Trust
related
$592,000 · Rockland Trust Co
Dec 2, 2010
$1
1741 President
Shaker,jeffrey
Grant Deed
—
May 23, 2006
$36,850
Jeffrey Shaker
Clorite John J Est
Grant Deed
—
—
—
1741 President LLC
—
Deed Of Trust
related
$300,000 · Fall River Five Cents Svgs Bk
—
—
1741 President LLC
—
Deed Of Trust
related
$425,000 · Fall River Five Cents Svgs 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.
Try Rey
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