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    223 Remington Ave Fall River, MA 02720
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    223 Remington Ave Fall River, MA 02720

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    • Commercial real estate
    • 3,474 SF
    • 0.21 lot acres
    Off-Market
    Property ID
    US38-1485133
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 223 Remington Ave

    Lot size
    0.21 lot acres
    Property size
    3,474 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.21-acre commercial land parcel in Fall River, Massachusetts, presents a unique investment opportunity. Located at 223 Remington Ave, 02720, this property boasts captivating waterfront views and is conveniently situated within walking distance of the brand-new South Coast commuter rail station. The site offers easy access to major roadways including Route 79, 24, and Interstate 195, and is just off Davol Street. Its prime location places it minutes from the MBTA station, local restaurants, the boardwalk, and Battleship Cove, ensuring high visibility and accessibility. The property currently includes a three-family home, the only residence on a quiet dead-end street. This existing structure features three units: two with three bedrooms and one full bath each, and a third with two bedrooms, one full bath, and a loft. Each unit includes a private front balcony offering stunning river views. The property also includes a spacious backyard, six off-street parking spaces in a paved driveway, and a detached one-car garage. This is an exceptional chance to capitalize on Fall River's thriving market and the reliable transit connection to Boston provided by the new commuter rail. The asking price is $1,100,000. The total square footage is 3,474. This property is zoned for commercial use and offers limitless potential for development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1564639
    Latitude
    41.7199361

    Comparable in this City

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      Fall River Multifamily Opportunity

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    Similar Nearby for Sale

    • $389,000
      0.16 Acres

      Approved Land Parcel for Townhouses

      Approved land parcel for four townhouse units near commuter rail.
      11 Dyer St, Fall River, MA 02720
      View Details
    • Contact for pricing

      Fall River Multifamily Investment Property

      Eighteen-unit multifamily property in Fall River with convenient access.
      575 North Main St, Fall River, MA 02720
      View Details
    • Contact for pricing

      Fall River Multifamily Investment Property

      Multifamily property with eight units in Fall River, MA.
      604 Rock St, Fall River, MA 02720
      View Details
    • Contact for pricing
      1,594 SF

      Renovated Duplex in Fall River

      Well-maintained duplex with updated features, ideal for investment or living.
      89 Oak St, Fall River, MA 02720
      View Details
    • New
      $1,350,000
      6,898 SF

      Fall River Multifamily Opportunity

      Multifamily property with six units and a single-family home.
      119-121 Tremont St, Fall River, MA 02720
      View Details
    • $455,000

      Two-Family Townhouse Style Home

      Two-unit property ideal for investors or extended family living.
      30 Orange St, Fall River, MA 02720
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr

      Prime Retail Space in Fall River

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      Professional office space with parking, close to amenities and highways.
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    • New
      $650 /Mo

      Fall River Commercial Space

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      1,500 SF

      Office Space For Lease

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      Fall River Office Space Available

      Office space for rent in central Fall River district.
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      2,275 SF

      Medical Office & Flex Space

      First-class office and flex/industrial units available for lease.
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    223 Remington Ave
    Fall River, MA 02720
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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