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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Retail space
216 New Boston Rd Fall River, MA 02720
Entity Owned
5-yr Hold
Property ID
US38-0415611
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
FRAME
Total area
5,431 SF
Lot
0.27 ac (11,744 SF)
Zoning code
B-L
APN
FALL M:0M-04 B:0000 L:0031
UPID
US38-0415611
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$620k
Owner & transaction history
Bb&t Property LLC · 5 yrs held
Bb&t Property LLC
since 2020
Last sale
$537,500
6 recorded transactions
Zoning & alternative use
B-L · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$870,000
+50.5%
Auto repair, garage
$860,000
+48.6%
Neighborhood: shopping center
$830,000
+43.5%
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
$705,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$580,000
Current use
APARTMENT HOUSE (5+ UNITS)
$870,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$860,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Change: +44% · Conversion: Moderate
WAREHOUSE, STORAGE
$720,000
Change: +24% · Conversion: Difficult
RESTAURANT
$715,000
Change: +24% · Conversion: Easy
INDUSTRIAL (GENERAL)
$615,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$535,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $538k (Jul 27 2020)
Last sale anchor
$538k
Jul 27 2020
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
$114 / 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
$14,927
Tax year 2024
Assessed value
$623,500
Assessed 2024
Previous assessed
$484,300
+28.7% YoY
Effective rate
2.39%
On assessed value
Assessed land
$229,500
Assessed improvement
$394,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
3
Rooms
15
Bathrooms
5
Total area
5,431 SF
Lot
0.27 ac (11,744 SF)
Zoning code
B-L
APN
FALL M:0M-04 B:0000 L:0031
UPID
US38-0415611
Jurisdiction
FALL RIVER
Zoning & alternative use
B-L · Fall River, MA
Zoning B-L · permitted uses
B-L · 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
RETAIL STORES Current
Est. value
$580,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$860,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$720,000
RESTAURANT
Est. value
$715,000
INDUSTRIAL (GENERAL)
Est. value
$615,000
OFFICE BUILDING
Est. value
$535,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RESTAURANT
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1900
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
3
Rooms
15
Bathrooms
5
Lot
0.27 ac
Current owner
From public records · entity-resolved
Bb&t Property LLC
Entity
Mailing address
261 ML ST, RANDOLPH, MA 02368-5080
Ownership since
2020
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
Jul 27, 2020
$537,500
Bb&t Property LLC
Paul H Isherwood
Quit Claim Arm's Length For Ne States
$403,000 · Salem Five Cents Savings Bank
Jul 10, 2008
—
Paul H Isherwood
—
Deed Of Trust
related
$350,000 · Bank Of Fall River
Apr 14, 1995
—
Paul H Isherwood
—
Deed Of Trust
related
$642,000 · Slades Ferry Trust Co
Aug 12, 1988
—
Paul H Isherwood
—
Deed Of Trust
related
$715,000 · Bank Of New England NA
Mar 11, 1988
$255,000
Paul H Isherwood
Globe St RT
Grant Deed
$590,000 · Bank Of New England NA
Aug 13, 1987
$225,000
Globe St Rlty Tr
1st Natl Bk-boston
Grant Deed
$225,000 · Greater Providence Dept
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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