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    Property profile & analytics

    391 Hanover St Fall River, MA 02720-5432

    • Assisted living facilities
    • 7,554 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US38-0589054
    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

    • Assisted living facilities

    Property Details for 391 Hanover St

    Year built
    1899
    Construction
    FRAME
    Lot size
    0.19 lot acres
    Property size
    7,554 SF
    Zone code
    G
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    FALL M:0M-17 B:0000 L:0008
    APU
    FALLM0M17B0000L0008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $445,000
      6.5%
      $415,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $445,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $425,000
      Mixed-Use
      $475,000
      Hospitality
      $445,000
      Educational
      $400,000
      Residential Income
      $470,000
      Energy
      $350,000
      Income-Based Land
      $465,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1437
    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
    2024
    $10,371
    $105,300
    $327,900
    $433,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      87,806 SF

      4901 Main St

      HOMES (RETIRED, NURSING) • 87,806 SF
      4901 Main St, Fall River, MA 02720-2080
      View Details
    • Value Estimation
      $790,000
      6,573 SF

      761 Highland Ave

      HOMES (RETIRED, NURSING) • 6,573 SF
      761 Highland Ave, Fall River, MA 02720-3722
      View Details
    • Value Estimation by Request
      77,100 SF

      1748 Highland Ave

      HOMES (RETIRED, NURSING) • 77,100 SF
      1748 Highland Ave, Fall River, MA 02720-4305
      View Details
    • Value Estimation by Request
      55,148 SF

      495 New Boston Rd

      HOMES (RETIRED, NURSING) • 55,148 SF
      495 New Boston Rd, Fall River, MA 02720-5835
      View Details
    • Value Estimation
      $2,430,000
      24,023 SF

      201 Hanover St

      HOMES (RETIRED, NURSING) • 24,023 SF
      201 Hanover St, Fall River, MA 02720
      View Details
    • Value Estimation by Request
      48,806 SF

      300 Hanover St

      HOSPITAL - PRIVATE • 48,806 SF
      300 Hanover St, Fall River, MA 02720-5444
      View Details

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    Similar Nearby for Lease

    • $1,580 /Mo
      17,424 SF

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      Office or light manufacturing space for lease in Fall River.
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      Office space available for lease with parking.
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      View Details
    • $1,100 /Mo
      17,424 SF

      Fall River Commercial Flex Space

      Office, studio, flex, and light manufacturing spaces available for lease.
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      View Details
    • $9 SF/Yr

      Industrial Warehouse Sublease Opportunity

      Versatile warehouse space available for sublease in prime location.
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    • $4,000 /Mo

      Prime Retail/Office Space Available

      Excellent location for retail, office, restaurant, or bakery.
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      View Details
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    391 Hanover St
    Fall River, MA 02720-5432
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    Realmo Value Estimation

    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.

    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.

    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
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