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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Office buildings
215 Pleasant St Fall River, MA 02721-3018
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0458373
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
STEEL FRAME
Total area
16,176 SF
Lot
0.35 ac (15,311 SF)
Zoning code
IND
APN
FALL M:0N-23 B:0000 L:0011
UPID
US38-0458373
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
-
JMR and Company LLC Accounting Firm Tax Preparation
-
D E Rodrigues & Co Inc Accounting Firm Tax Preparation
-
Fall River Psychological Associates Physician Medical Clinic
-
Bristol County Savings Bank (ITM - Extended Hours) Bank Loan Service
-
Herbert I. Rothfarb, PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.11M
Owner & transaction history
Mkm Mgmt LLC · 24 yrs held
Mkm Mgmt LLC
since 2001
7 recorded transactions
Zoning & alternative use
IND · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.8M
+15.3%
Retail stores
$1.7M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,590,000
Current use
INDUSTRIAL (GENERAL)
$1,835,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,720,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$68 / 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
$37,552
Tax year 2024
Assessed value
$1,568,600
Assessed 2024
Previous assessed
$1,568,600
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$173,100
Assessed improvement
$1,395,500
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
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
5
Units
1
Bathrooms
10
Total area
16,176 SF
Lot
0.35 ac (15,311 SF)
Zoning code
IND
APN
FALL M:0N-23 B:0000 L:0011
UPID
US38-0458373
Jurisdiction
FALL RIVER
Zoning & alternative use
IND · Fall River, MA
Zoning IND · permitted uses
IND · 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
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
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
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
1
Units
1
Bathrooms
10
Lot
0.35 ac
Current owner
From public records · entity-resolved
Mkm Mgmt LLC
Entity
Mailing address
171 PLEASANT ST, FALL RIVER, MA 02721-3013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
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
Jun 17, 2022
—
Anthony&co LLC
—
Deed
related
$1,275,206 · Rockland Trust Co
Jun 9, 2020
—
Anthony & Co LLC
—
Deed
related
$900,000 · Rockland Tr
Dec 17, 2013
—
Anthony&co LLC
—
Deed Of Trust
related
$6,187,039 · Rockland Trust Co
Jul 14, 2010
—
Anthony&co LLC
—
Deed Of Trust
related
$3,400,000 · Rockland Trust Co
Oct 16, 2001
$135,000
Mkm Mgmt LLC
Domonte,tony
Grant Deed
$130,000 · Compass Bank For Savings
Nov 10, 2000
$295,000
Tony Domonte
Joyce L Wahlrab T
Grant Deed
—
Mar 10, 1994
$25,000
T Joyce L Wahlrab
John P Slade & Son Ins
Grant Deed
—
—
—
Anthony & Co LLC
—
Deed Of Trust
related
$900,000 · Rockland Tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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