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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Investment properties
390 Main St, Fairhaven, MA 02719
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1227020
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
6,200 SF
Lot
0.13 ac (5,510 SF)
Zoning code
MU
APN
FAIR M:000019 L:00239 S:
UPID
US38-1227020
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$670k
Owner & transaction history
St Philopater Flips House · 1 yrs held
St Philopater Flips House
since 2025
Last sale
$670,000
5 recorded transactions
Zoning & alternative use
MU · Fairhaven, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+19.5%
Retail stores
$1.0M
+10.1%
Apartment house (5+ units)
$995,000
+7.5%
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
$685,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$925,000
Current use
AUTO REPAIR, GARAGE
$1,105,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$1,015,000
Change: +10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$995,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$945,000
Change: +3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$820,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $670k (Mar 12 2025)
Last sale anchor
$670k
Mar 12 2025
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
$108 / 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
Assessed value
$504,000
Assessed 2024
Previous assessed
$504,000
+0.0% YoY
Assessed land
$165,200
Assessed improvement
$338,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Rooms
4
Bathrooms
3
Total area
6,200 SF
Lot
0.13 ac (5,510 SF)
Zoning code
MU
APN
FAIR M:000019 L:00239 S:
UPID
US38-1227020
Jurisdiction
FAIRHAVEN
Zoning & alternative use
MU · Fairhaven, MA
Zoning MU · permitted uses
MU · Fairhaven, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairhaven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$995,000
OFFICE BUILDING
Est. value
$945,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
WAREHOUSE, STORAGE
Est. value
$820,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2
Buildings
1
Units
1
Rooms
4
Bathrooms
3
Lot
0.13 ac
Current owner
From public records · entity-resolved
St Philopater Flips House
Individual
Mailing address
398 MAIN ST, FAIRHAVEN, MA 02719-3436
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 12, 2025
$670,000
St Philopater Flips House
Blerlein RT
Deed
$517,500 · Signature Lending LLC
Nov 6, 2013
$420,000
Blerlein RT
Bergeron,roger A & Joyce H
Quit Claim Deed
$375,000 · Roger A Bergeron
Apr 28, 1994
—
Leo H Renauld
—
Deed Of Trust
related
$65,000 · St Anne Cu
Jan 31, 1992
$180,000
Paul Viveiros
Bergeron,roger A
Grant Deed
$190,000 · Zenon Grzybowski
Nov 24, 1987
—
Roger Bergeron
—
Deed Of Trust
related
$65,000 · New Bedford Inst Svgs
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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