Property profile

42 Water St Fairhaven, MA 02719

OFF-MARKET
Manufacturing properties
Property ID
US38-0461972
6,778 SF 0.37 ac lot Built 1963
Entity Owned 21-yr Hold Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1963
Construction STEEL FRAME
Total area 6,778 SF
Lot 0.37 ac (16,326 SF)
Zoning code I
APN FAIR M:000009 L:00002A S:
UPID US38-0461972

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer

Location

42 Water St Fairhaven, MA 02719-2983
Fairhaven metro Census 655300 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.02M
Comparable Approach Comparable
$562k
Blend (final) Blend
$805k

Owner & transaction history

since 2004
3 recorded transactions
2004
$1.0M
1994
Price N/A
1987
$525,000

Zoning & alternative use

I · Fairhaven, MA
Zoning description

The intent of this zone is to promote industrial uses.

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $1.2M +56.9%
Retail stores $1.1M +44.7%
Apartment house (5+ units) $1.1M +41.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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