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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Office buildings
422 Mariano Bishop Blvd, Fall River, MA 02721-2206
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0949853
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
FRAME
Total area
4,128 SF
Lot
0.27 ac (11,709 SF)
Zoning code
R-8
APN
FALL M:0C-12 B:0000 L:0001
UPID
US38-0949853
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
-
Moses Deborah DDS Dental Office
-
U Mass Extension Nutrition Physician
-
True Dental Dental Office
-
Fall River, MA & Nearby Cities Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$700k
Owner & transaction history
422 Mariano LLC · 3 yrs held
422 Mariano LLC
since 2022
Last sale
$730,000
3 recorded transactions
Zoning & alternative use
R-8 · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$655,000
+60.6%
Neighborhood: shopping center
$630,000
+55.2%
Warehouse, storage
$545,000
+34.4%
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
$820,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$655,000
Change: +61% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$545,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$440,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $730k (Sep 30 2022)
Last sale anchor
$730k
Sep 30 2022
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
$170 / 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
$16,842
Tax year 2024
Assessed value
$703,500
Assessed 2024
Previous assessed
$342,000
+105.7% YoY
Effective rate
2.39%
On assessed value
Assessed land
$229,400
Assessed improvement
$474,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
6
Total area
4,128 SF
Lot
0.27 ac (11,709 SF)
Zoning code
R-8
APN
FALL M:0C-12 B:0000 L:0001
UPID
US38-0949853
Jurisdiction
FALL RIVER
Zoning & alternative use
R-8 · Fall River, MA
Zoning R-8 · permitted uses
R-8 · 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
AUTO REPAIR, GARAGE
Est. value
$655,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$545,000
RETAIL STORES
Est. value
$440,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RETAIL STORES
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
1996
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
6
Lot
0.27 ac
Current owner
From public records · entity-resolved
422 Mariano LLC
Entity
Mailing address
422 MARIANO BISHOP BLVD, FALL RIVER, MA 02721-2206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$730,000
422 Mariano LLC
Shah RT
Quit Claim Arm's Length For Ne States
$511,000 · Baycoast Bank
Dec 15, 2000
$375,000
Shah RT
Dexter RT
Grant Deed
$260,000 · Fall River Five Cents
Dec 15, 2000
—
Shah RT
—
Deed Of Trust
related
$125,000 · Jobs For Fall River
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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