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Property profile & analytics
OFF-MARKET
Office buildings
238 Main St, Fall River, MA 02720-2318
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-1555452
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1874
Construction
FRAME
Total area
5,001 SF
Lot
0.19 ac (8,429 SF)
Zoning code
B
APN
FALL M:0N-10 B:0000 L:0066
UPID
US38-1555452
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
-
Norton Kristin Lowney Law Firm
-
O'Leary & O'Leary Law Firm Law Firm
-
Fernandes Insurance Insurance Agency
-
South Main News & Lottery Grocery & Convenience Store
-
Old Colony Comm Based Program Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Matthew J Fernandes RT · 12 yrs held
Matthew J Fernandes RT
since 2014
6 recorded transactions
Zoning & alternative use
B · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,334
Tax year 2024
Assessed value
$389,900
Assessed 2024
Previous assessed
$333,700
+16.8% YoY
Effective rate
2.39%
On assessed value
Assessed land
$118,800
Assessed improvement
$271,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1874
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Rooms
4
Bathrooms
5
Total area
5,001 SF
Lot
0.19 ac (8,429 SF)
Zoning code
B
APN
FALL M:0N-10 B:0000 L:0066
UPID
US38-1555452
Jurisdiction
FALL RIVER
Zoning & alternative use
B · Fall River, MA
Zoning B · permitted uses
B · 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.
Building & site characteristics
From public records
Year built
1874
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Rooms
4
Bathrooms
5
Lot
0.19 ac
Current owner
From public records · entity-resolved
Matthew J Fernandes RT
Individual
Mailing address
758 BELMONT ST, BROCKTON, MA 02301-5602
Ownership since
2014
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
May 15, 2014
$206,000
Matthew J Fernandes RT
Lowney,patrick E & Mary K
Quit Claim Deed
—
Jul 23, 2003
—
Kristen Lowney-norton
—
Deed Of Trust
related
$87,500 · Lafayette Fsb
Sep 10, 1998
$140,000
Patrick E Lowney
Almeida,john M
Grant Deed
$100,000 · Fall River Five Cents
Aug 22, 1994
$212,000
John M Almeida
Meyer & Wilner
Grant Deed
$105,500 · Zmc Trust Et Al 2nd
Aug 22, 1994
—
John M Almeida
—
Deed Of Trust
related
$106,000 · Zwi Kohorn
Jan 4, 1989
—
Meyer
—
Deed Of Trust
related
$43,000 · Fall River Five Cents
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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