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Property profile & analytics
OFF-MARKET
Estimated value
$7,670,000
Industrial properties
421 Currant Rd, Fall River, MA 02720-4768
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-1541861
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
STEEL FRAME
Total area
79,300 SF
Lot
10.84 ac (472,199 SF)
Zoning code
INPK
APN
FALL M:0Z-03 B:0000 L:0052
UPID
US38-1541861
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
-
J.A.G. Painting Contractors Inc. Painting Service General Contractor
-
Sea Kids Training Center Tutoring Service
-
The Second Half: Lifelong Learning Institute Training Center Tutoring Service
-
Marcia Tryon Counselor Practitioner Service Location
-
Evan Colbert Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.67M
Owner & transaction history
Hutchens Holdings 2 Ll · 10 yrs held
Hutchens Holdings 2 Ll
since 2016
7 recorded transactions
Zoning & alternative use
INPK · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$12.7M
+41.2%
Auto repair, garage
$12.5M
+39.4%
Neighborhood: shopping center
$12.1M
+34.7%
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
INDUSTRIAL (GENERAL)
$8,995,000
Current use
APARTMENT HOUSE (5+ UNITS)
$12,695,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,535,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,110,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,490,000
Change: +17% · Conversion: Easy
RESTAURANT
$10,450,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$8,440,000
Change: -6% · Conversion: Moderate
OFFICE BUILDING
$7,805,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$7.67M
Range $6.90M – $8.44M · ±10%
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
$97 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$134,779
Tax year 2020
Assessed value
$9,011,100
Assessed 2024
Previous assessed
$8,523,600
+5.7% YoY
Effective rate
1.50%
On assessed value
Assessed land
$836,000
Assessed improvement
$8,175,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Units
2
Total area
79,300 SF
Lot
10.84 ac (472,199 SF)
Zoning code
INPK
APN
FALL M:0Z-03 B:0000 L:0052
UPID
US38-1541861
Jurisdiction
FALL RIVER
Zoning & alternative use
INPK · Fall River, MA
Zoning INPK · permitted uses
INPK · 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
INDUSTRIAL (GENERAL) Current
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.7M
AUTO REPAIR, GARAGE
Est. value
$12.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.1M
WAREHOUSE, STORAGE
Est. value
$10.5M
RESTAURANT
Est. value
$10.5M
RETAIL STORES
Est. value
$8.4M
OFFICE BUILDING
Est. value
$7.8M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
1989
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Units
2
Lot
10.84 ac
Current owner
From public records · entity-resolved
Hutchens Holdings 2 Ll
Entity
Mailing address
481 CURRANT RD, FALL RIVER, MA 02720-4712
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
—
Hutchens Hldg 2 LLC
—
Deed
related
$5,500,000 · Bristol County Savings Bank
Jan 4, 2019
—
Hutchens Hldg 2 LLC
—
Deed
related
$4,250,000 · Bristol Cnty Svgs Bk
Nov 22, 2016
—
Hutchens Hldg 2 LLC
—
Deed
related
$13,405,500 · Bristol County Savings Bank
Jul 1, 2016
$3,000,000
Hutchens Holdings 2 Ll
Brilliant Novelty LLC
Quit Claim Arm's Length For Ne States
$2,400,000 · Baycoast Bank
May 20, 2011
$2,600,000
Brilliant Novelty LLC
Fall River Realty Ltd
Grant Deed
$2,080,000 · Rockland Trust Co
Oct 21, 2008
$3,500,000
Fall River Realty Ltd
Meissner RT
Grant Deed
—
May 5, 2004
—
Tye Corp
—
Deed Of Trust
related
$200,000 · Jobs For Fall River
Jan 30, 2004
—
Tye Corp
—
Deed Of Trust
related
$3,343,312 · Fall River Five Cents
Mar 12, 2002
—
RT Meissner
—
Deed Of Trust
related
$3,181,000 · Slades Ferry Trust Co
Jan 10, 2002
$72,050
Tye Corp
Greater Fall River Dev
Grant Deed
$1,925,735 · Fall River Five Cents
Dec 7, 2001
—
Tye Corp
—
Deed Of Trust
related
$125,000 · Jobs For Fall River
Jan 26, 2000
—
Tye Corp
—
Deed Of Trust
related
$120,000 · Jobs For Fall River
Dec 29, 1999
—
Fall Rvr Dev Greater
—
Deed Of Trust
related
$500,000 · Department Of Hsng & Cmnty Ma
Nov 10, 1999
$4,000,000
RT Meissner
Greater Fall Rvr Dev
Grant Deed
$2,500,000 · Slades Ferry Trust Co
Nov 10, 1999
—
RT Meissner
—
Deed Of Trust
related
$1,000,000 · Zenon Grzybowski
Aug 17, 1993
—
Greater Fr Devel Corp
—
Deed Of Trust
related
$500,000 · Department Of Hsng & Cmnty Ma
—
—
Hutchens Hldg 2 LLC
—
Deed Of Trust
related
$4,250,000 · Bristol Cnty Svgs Bk
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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