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Property profile & analytics
OFF-MARKET
Auto shops
398 2nd St, Fall River, MA 02721
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1476589
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1996
Total area
3,232 SF
Lot
0.1 ac (4,347 SF)
Zoning code
CBD
APN
FALL M:0I-10 B:0000 L:0015
UPID
US38-1476589
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Carvalhos Tire & Auto Ctr · 2 yrs held
Carvalhos Tire & Auto Ctr
since 2023
Last sale
$440,000
6 recorded transactions
Zoning & alternative use
CBD · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,302
Tax year 2024
Assessed value
$346,800
Assessed 2024
Previous assessed
$277,400
+25.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$140,800
Assessed improvement
$206,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
3,232 SF
Lot
0.1 ac (4,347 SF)
Zoning code
CBD
APN
FALL M:0I-10 B:0000 L:0015
UPID
US38-1476589
Jurisdiction
FALL RIVER
Zoning & alternative use
CBD · Fall River, MA
Zoning CBD · permitted uses
CBD · 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.
Building & site characteristics
From public records
Year built
1996
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
Carvalhos Tire & Auto Ctr
Individual
Mailing address
398 2ND ST, FALL RIVER, MA 02721
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
—
Carvalhos Tire & Auto Ctr
—
Deed
related
$315,000 · Webster Bank
Jul 10, 2023
$440,000
Carvalhos Tire & Auto Ctr
Baylies Insulation LLC
Quit Claim Arm's Length For Ne States
$308,000 · Silver Hill Funding
Feb 27, 2023
—
Baylies Insulation LLC
—
Deed
related
$250,000 · Fall River Five Cents Savings Bank
Jan 4, 2023
—
Baylies Insulation LLC
—
Deed
related
$800,000 · Fall River Five Cents Savings Bank
Dec 30, 2022
—
Lyndon Enterproses LLC
—
Deed
related
$800,000 · Fall River Five Cents Savings Bank
Oct 12, 2022
—
Baylies Insulation LLC
Second St 400 T
Quit Claim Deed
related
$850,000 · Incredible Bank
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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