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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Office buildings
375 Airport Rd, Fall River, MA 02720-4702
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-0772056
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
5,500 SF
Lot
1.66 ac (72,310 SF)
Zoning code
INPK
APN
FALL M:0Z-03 B:0000 L:0041
UPID
US38-0772056
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
-
Bearingstar Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$775k
Blend (final)
Blend
$825k
Owner & transaction history
Tetrault Real Estate LLC · 1 yrs held
Tetrault Real Estate LLC
since 2024
Last sale
$825,000
5 recorded transactions
Zoning & alternative use
INPK · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$880,000
+62.7%
Auto repair, garage
$870,000
+60.6%
Neighborhood: shopping center
$840,000
+55.2%
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
$825,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$540,000
Current use
APARTMENT HOUSE (5+ UNITS)
$880,000
Change: +63% · Conversion: Easy
AUTO REPAIR, GARAGE
$870,000
Change: +61% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$725,000
Change: +34% · Conversion: Difficult
RESTAURANT
$725,000
Change: +34% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$625,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $825k (Sep 20 2024)
Last sale anchor
$825k
Sep 20 2024
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
$150 / 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
$18,527
Tax year 2024
Assessed value
$773,900
Assessed 2024
Previous assessed
$773,900
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$310,000
Assessed improvement
$463,900
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
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Bathrooms
1
Total area
5,500 SF
Lot
1.66 ac (72,310 SF)
Zoning code
INPK
APN
FALL M:0Z-03 B:0000 L:0041
UPID
US38-0772056
Jurisdiction
FALL RIVER
Zoning & alternative use
INPK · Fall River, MA
Zoning INPK · permitted uses
INPK · 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
OFFICE BUILDING Current
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
WAREHOUSE, STORAGE
Est. value
$725,000
RESTAURANT
Est. value
$725,000
INDUSTRIAL (GENERAL)
Est. value
$625,000
RETAIL STORES
Est. value
$585,000
OFFICE BUILDING 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
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Bathrooms
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Tetrault Real Estate LLC
Entity
Free & Clear · 1 yrs held
Mailing address
375 AIRPORT RD, FALL RIVER, MA 02720-4702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2024
$825,000
Tetrault Real Estate LLC
Joseph Viveiros JR T
Quit Claim Arm's Length For Ne States
—
Jan 7, 2015
—
Viveiros,joseph JR Trust
Viveiros,joseph
Quit Claim Deed
related
—
Mar 4, 2004
$1
Joseph Viveiros JR.
Viveiros,cynthia M
Grant Deed
related
—
Aug 24, 1998
—
Joseph Viveiros JR.
—
Deed Of Trust
related
$504,000 · Slades Ferry Trust Co
Jul 21, 1989
$91,300
Joseph Viveiros JR.
Greater Fall River
Grant Deed
$480,000 · Slades Ferry Trust Co
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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