Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1940 Highland Ave Fall River, MA 02720-4311

    • Turn key restaurants
    • 1,575 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Last Sale
    Dec 12, 2023
    $315,000
    Location Intelligence
    Property ID
    US38-0480970
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Highland Spa / Breakfast Restaurant / Restaurant

    Property Details for 1940 Highland Ave

    Year built
    1993
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    1,575 SF
    Zone code
    S
    Property type
    Turn key restaurants
    APN
    FALL M:0T-09 B:0000 L:0038
    APU
    FALLM0T09B0000L0038

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $335,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $345,000
      Mixed-Use
      $295,000
      Hospitality
      $295,000
      Educational
      $335,000
      Residential Income
      $345,000
      Energy
      $345,000
      Income-Based Land
      $395,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1319
    Latitude
    41.7289
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,830
    $98,600
    $186,700
    $285,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $270,000
      2,478 SF

      883 Main St

      RESTAURANT • 2,478 SF
      883 Main St, Fall River, MA 02720-2625
      View Details
    • Value Estimation
      $425,000
      1,656 SF

      1023 Main St

      RESTAURANT • 1,656 SF
      1023 Main St, Fall River, MA 02720-2627
      View Details
    • Value Estimation
      $500,000
      13,104 SF

      200 Bank St

      RESTAURANT • 13,104 SF
      200 Bank St, Fall River, MA 02720-3114
      View Details
    • Value Estimation by Request
      2,508 SF

      255 President Ave

      RESTAURANT • 2,508 SF
      255 President Ave, Fall River, MA 02720
      View Details
    • Value Estimation
      $255,000
      4,177 SF

      197 Bank St

      RESTAURANT • 4,177 SF
      197 Bank St, Fall River, MA 02720-3144
      View Details
    • Value Estimation
      $410,000
      2,002 SF

      1518 Main St

      RESTAURANT • 2,002 SF
      1518 Main St, Fall River, MA 02720-2937
      View Details

    Similar Nearby for Sale

    • $200,000

      Renovated Commercial Building Near Ruggles Park

      Renovated commercial building with high-traffic location and flexible layout.
      270 Seabury St, Fall River, MA 02720
      View Details
    • $1,599,900
      17,160 SF

      Fall River Warehouse Investment

      Historic Fall River warehouse, excellent development potential.
      100 Rock St, Fall River, MA 02720
      View Details
    • $880,000
      6,156 SF

      Mixed-Use Building Near Fall River Depot

      Five-unit mixed-use building near Fall River Depot with separate utilities.
      84 Cory St, Fall River, MA 02720
      View Details
    • $899,999

      Mixed-Use Property Near Fall River Depot

      Mixed-use property with commercial space and apartment units near depot.
      297 Lindsey St, Fall River, MA 02720
      View Details
    • $460,000

      Multi-Use Property in Fall River

      Multi-use property with high visibility in a prime location.
      420 Brightman St, Fall River, MA 02720
      View Details
    • New
      $150,000
      0.05 Acres

      Fall River Garage with Office

      Spacious garage with office, ideal for contractors or hobbyists.
      884 Cherry St, Fall River, MA 02720
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      Prime Retail/Office Space Available

      Excellent location for retail, office, restaurant, or bakery.
      181 President Ave, Fall River, MA 02720
      View Details
    • $650 /Mo

      Fall River Commercial Space

      Prime commercial space for rent near public transportation.
      187 Brightman St, Fall River, MA 02720
      View Details
    • $16 SF/Yr

      Prime Retail Space in Fall River

      Commercial space in Fall River's booming market with high visibility.
      101 President Ave 13, Fall River, MA 02720
      View Details
    • Contact for pricing
      16,457 SF

      Retail Space in Fall River

      Up to 16,457 SF retail space in high-volume location.
      1604-1702 President Ave, Fall River, MA 02720
      View Details
    • Contact for pricing
      4,550 SF

      Medical Office & Flex Space

      First-class office and flex/industrial units available for lease.
      221 Weaver St, Fall River, MA 02720
      View Details
    • $4 SF/Yr

      Industrial Space Available For Lease

      Industrial, multi-use space for lease near transportation routes.
      451 Quarry St, Fall River, MA 02720
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1940 Highland Ave
    Fall River, MA 02720-4311
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.