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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    302 Highland Ave Fall River, MA 02720

    • Specialty properties
    • 4,527 SF
    • 0.29 lot acres
    For Sale
    View listing
    Last Sale
    May 18, 2021
    $680,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1481325
    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

    • Specialty properties

    Property Details for 302 Highland Ave

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.29 lot acres
    Property size
    4,527 SF
    Zone code
    S
    Property type
    Specialty properties
    APN
    FALL M:0M-24 B:0000 L:0018
    APU
    FALLM0M24B0000L0018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $755,000
      ML approach
      $825,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $799,000
      Market price range: $471k - $1.34M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1475
    Latitude
    41.7102
    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
    2022
    $13,629
    $113,700
    $348,800
    $462,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      17.64 Acres

      2647 Highland Ave

      CHARITABLE ORGANIZATION • 17.64 Acres
      2647 Highland Ave, Fall River, MA 02720
      View Details
    • Value Estimation by Request
      14.30 Acres

      275 Highland Ave, Unit 363

      CHARITABLE ORGANIZATION • 14.30 Acres
      275 Highland Ave, Fall River, MA 02720-5422
      View Details
    • Value Estimation by Request
      10,999 SF

      309 French St

      CHARITABLE ORGANIZATION • 10,999 SF
      309 French St, Fall River, MA 02720-5441
      View Details
    • Value Estimation by Request
      8,307 SF

      451 Rock St

      CHARITABLE ORGANIZATION • 8,307 SF
      451 Rock St, Fall River, MA 02720-3344
      View Details
    • Value Estimation by Request
      0.11 Acres

      152 High St

      CHARITABLE ORGANIZATION • 0.11 Acres
      152 High St, Fall River, MA 02720-5034
      View Details
    • Value Estimation by Request
      8,040 SF

      164 Bedford St

      CHARITABLE ORGANIZATION • 8,040 SF
      164 Bedford St, Fall River, MA 02720-3039
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      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
    • Contact for pricing

      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
    • Contact for pricing

      Multifamily Building Near MBTA Station

      Fifteen-unit multifamily property near Fall River MBTA station.
      1240-1246 N Main St, Fall River, MA 02720
      View Details
    • $569,900
      3,582 SF

      Spacious Two-Family Home, North End

      Well-maintained two-family in North End, delivered vacant.
      1245 N High St, Fall River, MA 02720
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail/Office Space Available

      Excellent location for retail, office, restaurant, or bakery.
      181 President Ave, Fall River, MA 02720
      View Details
    • $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
    • Contact for pricing
      4,550 SF

      Medical Office & Flex Space

      First-class office and flex/industrial units available for lease.
      221 Weaver St, Fall River, MA 02720
      View Details
    • $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
    • Contact for pricing

      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
    • Contact for pricing
      1,500 SF

      Office Space For Lease

      Office space available for lease with parking.
      439 Bedford St, 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.
    302 Highland Ave
    Fall River, MA 02720
    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.