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Property profile & analytics
OFF-MARKET
Estimated value
$6,490,000
Residential income homes
400 Columbia St, Fall River, MA 02721-1500
Entity Owned
~
Est. High Equity
Property ID
US38-1106124
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1965
Construction
STEEL FRAME
Total area
47,766 SF
Lot
1.89 ac (82,328 SF)
Zoning code
CBD
APN
FALL M:0N-25 B:0000 L:0002
UPID
US38-1106124
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
-
Prosper at Fall River Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.40M
Blend (final)
Blend
$6.49M
Owner & transaction history
Fall River Realty LLC
Fall River Realty LLC
since 2026
Last sale
$5.7M
5 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,645,000
Current use
AUTO REPAIR, GARAGE
$7,550,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,295,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,320,000
Change: -17% · Conversion: Difficult
RESTAURANT
$6,295,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$6.49M
Range $5.84M – $7.14M · ±10% · vs last sale $5.71M (Feb 20 2026)
Last sale anchor
$5.71M
Feb 20 2026
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
$136 / 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
$69,647
Tax year 2024
Assessed value
$6,061,500
Assessed 2024
Previous assessed
$5,721,900
+5.9% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,602,000
Assessed improvement
$4,459,500
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
89
Rooms
201
Bathrooms
92
Total area
47,766 SF
Lot
1.89 ac (82,328 SF)
Zoning code
CBD
APN
FALL M:0N-25 B:0000 L:0002
UPID
US38-1106124
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$7.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
WAREHOUSE, STORAGE
Est. value
$6.3M
RESTAURANT
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RESTAURANT
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
1965
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
89
Rooms
201
Bathrooms
92
Lot
1.89 ac
Current owner
From public records · entity-resolved
Fall River Realty LLC
Entity
Mailing address
400 COLUMBIA ST, FALL RIVER, MA 02721-1500
Ownership since
2026
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
Feb 20, 2026
$5,710,500
Fall River Realty LLC
PC Fall River Kkc
Deed
$21,500,000 · Oxford Finance LLC
Feb 12, 2026
—
PC Fall River LLC
Fall River City Of
Deed
related
—
Jan 5, 2021
$14,150,000
PC Fall River LLC
Farmington LP
Warranty Deed
$23,500,000 · Oxford Finance LLC
Mar 6, 1998
$200,000
Weatogue LLC
Bailey,frederick J JR
Grant Deed
$52,000 · Zenon Grzybowski
Mar 6, 1998
—
Farmington LP
—
Grant Deed
related
$650,000 · Ma Housing Finance Authority
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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