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

    231 Weaver St, Unit 231E Fall River, MA 02720-1338

    • Industrial properties
    • 2,928 SF
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0967513
    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

    • Dr. Andrew Mazur, MD / Sports Medicine Physician
    • Southeast Rehabilitation Associates / Sports Medicine Clinic / Doctor
    • Dr. Parakrama M. Ananta, MD / Sports Medicine Physician / Doctor
    • Dr. Ajit C. Mirani, MD / Sports Medicine Physician
    • Angels Anonymous Food Pantry / Non-Profit Organization

    Property Details for 231 Weaver St

    Year built
    1989
    Construction
    STEEL FRAME
    Property size
    2,928 SF
    Zone code
    N/A
    Property type
    Industrial properties
    APN
    FALL M:0T-03 B:0000 L:1209
    APU
    FALLM0T03B0000L1209

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $404,000
      Market price range: $119k - $503k

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

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1417
    Latitude
    41.7271
    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
    $4,355
    $0.00
    $181,900
    $181,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $390,000
      3.27 Acres

      1 Ww St

      INDUSTRIAL (GENERAL) • 3.27 Acres
      1 Ww St, Fall River, MA 02720-1336
      View Details
    • Value Estimation
      $265,000
      2,928 SF

      231 Weaver St, Unit 231B

      CONDOMINIUMS (INDUSTRIAL) • 2,928 SF
      231 Weaver St, Fall River, MA 02720-1338
      View Details
    • Value Estimation
      $1,145,000
      56,249 SF

      583 Bedford St

      INDUSTRIAL (GENERAL) • 56,249 SF
      583 Bedford St, Fall River, MA 02720-4807
      View Details
    • Value Estimation
      $4,275,000
      24,432 SF

      927 Currant Rd

      INDUSTRIAL (GENERAL) • 24,432 SF
      927 Currant Rd, Fall River, MA 02720-4712
      View Details
    • Value Estimation
      $260,000
      4,358 SF

      231 Weaver St, Unit 231A

      CONDOMINIUMS (INDUSTRIAL) • 4,358 SF
      231 Weaver St, Fall River, MA 02720-1338
      View Details
    • Value Estimation
      $305,000
      6,865 SF

      221 Weaver St, Unit 221A

      CONDOMINIUMS (INDUSTRIAL) • 6,865 SF
      221 Weaver St, Fall River, MA 02720-1345
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $229,900

      Three-Family Home Near Future Station

      Three-family home in quiet location, close to highway and station.
      327 Brownell St, Fall River, MA 02720
      View Details
    • $2,000,000

      Condo Community Development Opportunity

      18-unit condo community in development, with filed condo documents.
      1-11 Lawrence St, Fall River, MA 02720
      View Details
    • $629,900

      Fall River Multifamily Investment Property

      Five-unit property in Fall River with strong income potential.
      326 Bank St, Fall River, MA 02720
      View Details
    • $499,900

      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

    Similar Nearby for Lease

    • $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
    • $9 SF/Yr

      Industrial Warehouse Sublease Opportunity

      Versatile warehouse space available for sublease in prime location.
      81 Commerce Dr, Fall River, MA 02720
      View Details
    • New
      $980 /Mo
      17,341 SF

      Fall River Flex Space Available

      Office, studio, flex, and light manufacturing spaces for rent.
      7 Oregon St, Fall River, MA 02720
      View Details
    • New
      $1,480 /Mo
      17,341 SF

      Fall River Commercial Space Available

      Office or light manufacturing space in a professional building.
      7 Oregon St, Fall River, MA 02720
      View Details
    • Contact for pricing
      27,000 SF

      Remodeled Industrial Unit with Highway Access

      27,000 SF industrial unit with modern upgrades and convenient access.
      600 Airport Rd, 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
    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.
    231 Weaver St, Unit 231E
    Fall River, MA 02720-1338
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    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.