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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Super regional malls
32 Howland Rd Fairhaven, MA 02719-3404
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0817973
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1920
Total area
10,284 SF
Lot
0.67 ac (29,307 SF)
Zoning code
RA
APN
FAIR M:000019 L:00243A S:
UPID
US38-0817973
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
-
Dunkin' Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.05M
CAP Approach
CAP
$2.09M
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$2.51M
Owner & transaction history
32 Howland Rd LLC · 5 yrs held
32 Howland Rd LLC
since 2020
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
RA · Fairhaven, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote single residence uses.
Zone name
Single Residence
General category
RESIDENTIAL
Zone area
2,474.84 ac
Source
Realmo
Top alternative use upside
Restaurant
$2.4M
+53.2%
Auto repair, garage
$1.8M
+16.5%
Retail stores
$1.7M
+7.4%
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 Fairhaven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairhaven 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
$3,145,000
ML approach
$3,045,000
CAP Approach
CAP Return
Estimation
6%
$2,265,000
6.5%
$2,090,000
7%
$1,940,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,570,000
Current use
RESTAURANT
$2,405,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,830,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$1,685,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,645,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$1,570,000
Change: +0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,530,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±10% · vs last sale $2.40M (Oct 15 2020)
Last sale anchor
$2.40M
Oct 15 2020
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
$244 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$32,309
Tax year 2024
Assessed value
$1,758,800
Assessed 2024
Previous assessed
$1,758,800
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$378,600
Assessed improvement
$1,380,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Buildings
1
Stories
1
Units
4
Bathrooms
6
Total area
10,284 SF
Lot
0.67 ac (29,307 SF)
Zoning code
RA
APN
FAIR M:000019 L:00243A S:
UPID
US38-0817973
Jurisdiction
FAIRHAVEN
Zoning & alternative use
RA · Fairhaven, MAZoning RA · permitted uses
RA · Fairhaven, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote single residence uses.
Zone name
Single Residence
General category
RESIDENTIAL
Zone area
2,474.84 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1920
Heating
FORCED AIR
Stories
1
Buildings
1
Units
4
Bathrooms
6
Lot
0.67 ac
Current owner
From public records · entity-resolved
32 Howland Rd LLC
Entity
Mailing address
11 DAVID ST, NEW BEDFORD, MA 02744-2310
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2021
—
32 Howland Rd LLC
—
Deed
related
$1,732,500 · Rockland Trust Co
Oct 15, 2020
$2,500,000
32 Howland Rd LLC
King Jade Realty LLC
Quit Claim Deed
$800,000 · Weeks Robert L
Mar 20, 2018
$2,395,000
King Jade Realty LLC
Sourmaidis,charles & Maria
Quit Claim Deed
$1,800,000 · St Anne's Cu
Dec 3, 2004
—
Robert P Gomes
—
Deed Of Trust
related
$600,000 · Bridgewater Savings Bank
Jun 2, 2004
$375,000
Robert P Gomes
Manny & Bobs Svc INC
Grant Deed
$360,000 · Zuckerman Family Nomi
May 16, 2001
—
Robert P Gomes
—
Deed Of Trust
related
$300,000 · Bank Of Fall River
Jan 21, 1997
—
Manny & Bobs Serv INC
—
Deed Of Trust
related
$350,000 · Bank Of Fall River
Dec 14, 1995
—
Manny & Bobs Svc INC
—
Deed Of Trust
related
$300,000 · Bank Of Fall River
Jun 7, 1995
—
Manny & Bobs Svc INC
—
Deed Of Trust
related
$200,000 · Bank Of Fall River
Mar 11, 1991
—
Robert P Gomes
—
Deed Of Trust
related
$40,000 · National Bank Of Fair Haven
Dec 27, 1989
$49,610
Robert P Gomes
Gomes,irene F
Grant Deed
related
—
Nov 28, 1988
$50,000
Manny & Bobs Service
Languirand,hormidas
Grant Deed
—
Jan 27, 1987
$57,000
Robert P Gomes
Obrien,margaret
Grant Deed
$50,000 · National Bank Of Fair Haven
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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