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

    2389 Main St Fall River, MA 02724-2013

    • Automotive properties
    • 2,692 SF
    • 0.48 lot acres
    OFF-MARKET
    Last Sale
    Jul 13, 2021
    $230,000
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0100295
    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

    • Automotive properties

    Property Details for 2389 Main St

    Year built
    1959
    Construction
    FRAME
    Lot size
    0.48 lot acres
    Property size
    2,692 SF
    Zone code
    R-4
    Property type
    Automotive properties
    APN
    FALL M:0B-03 B:0000 L:0022
    APU
    FALLM0B03B0000L0022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $255,000
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $285,000
      Market price range: $255k - $621k
      AI Estimate
      $195,000
      Market price range: $170k - $429k

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

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1817
    Latitude
    41.6764
    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
    $5,303
    $134,100
    $87,400
    $221,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $360,000
      1,134 SF

      2291 Main St

      VEHICLE SALES, RENTALS • 1,134 SF
      2291 Main St, Fall River, MA 02724-2158
      View Details
    • Value Estimation
      $445,000
      2,628 SF

      2238 Main St

      VEHICLE SALES, RENTALS • 2,628 SF
      2238 Main St, Fall River, MA 02724-2148
      View Details
    • Value Estimation
      $280,000
      804 SF

      605 Globe St

      VEHICLE SALES, RENTALS • 804 SF
      605 Globe St, Fall River, MA 02724-2609
      View Details
    • Value Estimation
      $160,000
      864 SF

      2553 Main St

      VEHICLE SALES, RENTALS • 864 SF
      2553 Main St, Fall River, MA 02724-2017
      View Details
    • Value Estimation
      $290,000
      1,276 SF

      999 Broadway

      VEHICLE SALES, RENTALS • 1,276 SF
      999 Broadway, Fall River, MA 02724-2725
      View Details
    • Value Estimation
      $820,000
      20,176 SF

      155 Rhode Is Ave, Unit 171

      AUTO REPAIR, GARAGE • 20,176 SF
      155 Rhode Is Ave, Fall River, MA 02724-3618
      View Details

    Similar Nearby for Sale

    • $1,300,000
      6,204 SF

      Well-Maintained Six Family Property

      Six-family property with garages, newer systems, and strong rental history.
      49 Hamlet St, Fall River, MA 02724
      View Details
    • $1,250,000
      3,424 SF

      Broadway Car Wash For Sale

      Operating car wash with redevelopment potential in growing area.
      950 Broadway, Fall River, MA 02724
      View Details
    • $250,000

      Six-Car Garage For Sale

      Six-car garage with open interior and large rear yard.
      33 Higgins St, Fall River, MA 02724
      View Details
    • $1,625,000

      Mixed-Use Property in Fall River

      Well-maintained mixed-use property with apartments and storefronts in Fall River.
      1273-1279 S Main St, Fall River, MA 02724
      View Details
    • $159,000
      520 SF

      Turn-Key Retail Building For Sale

      Move-in ready retail building with high-traffic location in Fall River.
      1226 S Main St, Fall River, MA 02724
      View Details
    • $419,900

      Fall River Commercial Building For Sale

      Commercial building in Fall River with versatile space and parking.
      256 Rhode Island Ave, Fall River, MA 02724
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo

      High-Visibility Retail Space Available

      Ground-level retail space on a busy corner with high traffic.
      233 East Main St, Fall River, MA 02724
      View Details
    • New
      $1,800 /Mo
      1,200 SF

      Fall River Retail Space Available

      Retail space for rent in Fall River, Massachusetts.
      1433 So Main St, Fall River, MA 02724
      View Details
    • Contact for pricing
      2,109 SF

      Fall River Retail Space Available

      Retail space for lease in Fall River's retail corridor.
      310-340 Rhode Island Ave, Fall River, MA 02724
      View Details
    • $4,000 /Mo
      5,001 SF

      Fall River Commercial Leasing Opportunity

      Versatile commercial space ideal for various business uses.
      593 Montaup St, Fall River, MA 02724
      View Details
    • Contact for pricing
      45,000 SF

      Fall River Mill Space Available

      Manufacturing/warehouse spaces available in Fall River mill.
      113 Griffin St, Fall River, MA 02724
      View Details
    • $14 SF/Yr

      Tuscan Building Office Space

      Affordable office space with reception area and break room.
      145 Globe St, Fall River, MA 02724
      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.
    2389 Main St
    Fall River, MA 02724-2013
    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.