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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
208 Washington St, Fairhaven, MA 02719-4044
Entity Owned
Absentee Owner
Free & Clear
Property ID
US38-0653062
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
FRAME
Total area
4,000 SF
Lot
0.73 ac (31,808 SF)
Zoning code
B
APN
FAIR M:000026 L:00030C S:
UPID
US38-0653062
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
-
Rose Homes/LAER Realty Partners Real Estate Agency
-
Abigail Rose, REALTOR , at Rose Homes Real Estate Real Estate Agency
-
Hillary Rotondo, LAER Realty Partners / Rose Homes & Real Estate Real Estate Agency
-
Michele Rapoza Real estate agent Real Estate Agency
-
Karen Pinto, Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$572k
Blend (final)
Blend
$685k
Owner & transaction history
VERMETTE ENTERPRISES INC
VERMETTE ENTERPRISES INC
Zoning & alternative use
B · Fairhaven, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$710,000
+16.5%
Retail stores
$655,000
+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
$610,000
Current use
AUTO REPAIR, GARAGE
$710,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$655,000
Change: +7% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$595,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$530,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$171 / 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
$11,524
Tax year 2024
Assessed value
$627,300
Assessed 2024
Previous assessed
$627,300
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$388,700
Assessed improvement
$238,600
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
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
3
Total area
4,000 SF
Lot
0.73 ac (31,808 SF)
Zoning code
B
APN
FAIR M:000026 L:00030C S:
UPID
US38-0653062
Jurisdiction
FAIRHAVEN
Zoning & alternative use
B · Fairhaven, MA
Zoning B · permitted uses
B · 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
$610,000
AUTO REPAIR, GARAGE
Est. value
$710,000
RETAIL STORES
Est. value
$655,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$530,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
3
Lot
0.73 ac
Current owner
From public records · entity-resolved
VERMETTE ENTERPRISES INC
Entity
Free & Clear · 0 yrs held
Mailing address
968 KEMPTON ST, NEW BEDFORD, MA 02740-1523
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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