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Property profile & analytics
OFF-MARKET
Estimated value
$8,170,000
Commercial real estate
289 Pleasant St, Fall River, MA 02721-3005
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-1282220
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1880
Total area
76,460 SF
Lot
1.7 ac (73,978 SF)
Zoning code
IND
APN
FALL M:0N-23 B:0000 L:0001
UPID
US38-1282220
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
-
Prima Care Chiropractic Alternative Medicine Practice
-
Horowitz Robert DC Alternative Medicine Practice
-
Mark Medeiros, DPM Alternative Medicine Practice
-
Donald Sutherland, DO Physician
-
Prima CARE Cardiology Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.71M
Blend (final)
Blend
$8.17M
Owner & transaction history
Un Medical Dev LLC · 22 yrs held
Un Medical Dev LLC
since 2004
4 recorded transactions
Zoning & alternative use
IND · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$12.2M
+69.4%
Auto repair, garage
$12.1M
+67.2%
Neighborhood: shopping center
$11.7M
+61.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,225,000
Current use
APARTMENT HOUSE (5+ UNITS)
$12,240,000
Change: +69% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,085,000
Change: +67% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,680,000
Change: +62% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,115,000
Change: +40% · Conversion: Difficult
RESTAURANT
$10,075,000
Change: +39% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,670,000
Change: +20% · Conversion: Moderate
RETAIL STORES
$8,135,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$8.17M
Range $7.35M – $8.99M · ±10%
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
$107 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$196,663
Tax year 2020
Assessed value
$7,632,800
Assessed 2024
Previous assessed
$6,813,700
+12.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$348,000
Assessed improvement
$7,284,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1880
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
6
Units
8
Bathrooms
36
Total area
76,460 SF
Lot
1.7 ac (73,978 SF)
Zoning code
IND
APN
FALL M:0N-23 B:0000 L:0001
UPID
US38-1282220
Jurisdiction
FALL RIVER
Zoning & alternative use
IND · Fall River, MA
Zoning IND · permitted uses
IND · 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
COMMERCIAL (GENERAL) Current
Est. value
$7.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.2M
AUTO REPAIR, GARAGE
Est. value
$12.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.7M
WAREHOUSE, STORAGE
Est. value
$10.1M
RESTAURANT
Est. value
$10.1M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
RETAIL STORES
Est. value
$8.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1880
Heating
FORCED AIR
Cooling
Yes
Stories
6
Buildings
2
Units
8
Bathrooms
36
Lot
1.7 ac
Current owner
From public records · entity-resolved
Un Medical Dev LLC
Entity
Mailing address
PO BOX 1510, FALL RIVER, MA 02722-1510
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2018
—
Union Medical Develope
—
Deed
related
$10,600,000 · Baycoast Bank
Feb 7, 2014
—
Union Medical Dev 2
—
Grant Deed
related
$13,200,000 · Rockland Tr
Apr 22, 2009
—
Union Medical Dev LLC
—
Deed Of Trust
related
$3,170,000 · Rockland Trust Co
Apr 22, 2004
$5,800,000
Un Medical Dev LLC
Durfee Un Mills S&s Ltd
Grant Deed
related
$5,800,000 · Morgan Stanley Dean
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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