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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Office buildings
182 Main St Fall River, MA 02720-2142
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-1371980
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
STEEL FRAME
Total area
10,800 SF
Lot
0.45 ac (19,576 SF)
Zoning code
CBD
APN
FALL M:0N-10 B:0000 L:0023
UPID
US38-1371980
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
-
Courthouse Corporate Office
-
Beacon Palliative Care, an Amedisys Company Nursing Home
-
Econotel Business Systems, Inc. Telecommunications Service
-
Beacon Hospice Care, an Amedisys Company Nursing Home
-
Fitzgerald Counseling Group Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$878k
Blend (final)
Blend
$1.25M
Owner & transaction history
Nam Enterprises LLC · 3 yrs held
Nam Enterprises LLC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
CBD · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+62.7%
Auto repair, garage
$1.7M
+60.6%
Neighborhood: shopping center
$1.7M
+55.2%
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
$1,100,000
ML approach
$1,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,065,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,730,000
Change: +63% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,705,000
Change: +61% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,650,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,430,000
Change: +34% · Conversion: Difficult
RESTAURANT
$1,425,000
Change: +34% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,225,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,150,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.50M (Mar 6 2023)
Last sale anchor
$1.50M
Mar 6 2023
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
$115 / 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
$19,662
Tax year 2024
Assessed value
$821,300
Assessed 2024
Previous assessed
$719,200
+14.2% YoY
Effective rate
2.39%
On assessed value
Assessed land
$168,900
Assessed improvement
$652,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
10,800 SF
Lot
0.45 ac (19,576 SF)
Zoning code
CBD
APN
FALL M:0N-10 B:0000 L:0023
UPID
US38-1371980
Jurisdiction
FALL RIVER
Zoning & alternative use
CBD · Fall River, MA
Zoning 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
Fall River. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RESTAURANT
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
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
0.45 ac
Current owner
From public records · entity-resolved
Nam Enterprises LLC
Entity
Free & Clear · 3 yrs held
Mailing address
182 N MAIN ST, FALL RIVER, MA 02720-2142
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Nam Enterprises LLC
—
Deed
related
$400,000 · Td Bank
May 9, 2023
—
Nam Enterprises LLC
—
Deed
related
$230,000 · Td Bank NA
May 5, 2023
—
Nam Enetrprises LLC
—
Deed
related
$230,000 · Td Bank NA
Mar 6, 2023
$1,500,000
Nam Enterprises LLC
Pine Realty INC
Quit Claim Arm's Length For Ne States
—
Aug 1, 2002
—
Pine Realty INC
—
Deed Of Trust
related
$800,000 · Slades Ferry Trust Co
Oct 25, 1999
—
Pine Realty INC
—
Deed Of Trust
related
$11,450,000 · Citizens Bank Of Ri
Sep 11, 1998
—
Pine Rlty INC
—
Deed Of Trust
related
$900,000 · Citizens Bank Of Ri
Feb 5, 1990
—
Robert S Karam
—
Deed Of Trust
related
$450,000 · Slades Ferry Trust Co
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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