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Property profile & analytics
OFF-MARKET
Estimated value
$18,790,000
Industrial properties
456 Bedford St, Fall River, MA 02720-4802
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1907252
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1940
Construction
FRAME
Total area
195,793 SF
Zoning code
IND
APN
FALL M:0M-14 B:0000 L:7001
UPID
US38-1907252
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
-
Congruity360 IT Consulting Firm Data Center
-
Granite Block Global Data Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.79M
Owner & transaction history
John Strachan · 4 yrs held
John Strachan
since 2022
Last sale
$19.5M
4 recorded transactions
Zoning & alternative use
IND · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$31.0M
+39.4%
Neighborhood: shopping center
$29.9M
+34.7%
Warehouse, storage
$25.9M
+16.6%
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
$21,870,000
ML approach
$12,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$22,205,000
Current use
AUTO REPAIR, GARAGE
$30,950,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$29,905,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$25,900,000
Change: +17% · Conversion: Easy
RESTAURANT
$25,800,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$20,835,000
Change: -6% · Conversion: Moderate
OFFICE BUILDING
$19,270,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$18.79M
Range $16.91M – $20.67M · ±10% · vs last sale $19.50M (May 31 2022)
Last sale anchor
$19.50M
May 31 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
$96 / 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
$103,198
Tax year 2024
Assessed value
$4,310,700
Assessed 2024
Previous assessed
$2,756,700
+56.4% YoY
Effective rate
2.39%
On assessed value
Assessed improvement
$4,310,700
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
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
4
Bathrooms
8
Total area
195,793 SF
Zoning code
IND
APN
FALL M:0M-14 B:0000 L:7001
UPID
US38-1907252
Jurisdiction
FALL RIVER
Zoning & alternative use
IND · Fall River, MA
Zoning IND · permitted uses
IND · 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
$22.2M
AUTO REPAIR, GARAGE
Est. value
$31.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.9M
WAREHOUSE, STORAGE
Est. value
$25.9M
RESTAURANT
Est. value
$25.8M
RETAIL STORES
Est. value
$20.8M
OFFICE BUILDING
Est. value
$19.3M
INDUSTRIAL (GENERAL) Current
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
1940
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
4
Buildings
1
Bathrooms
8
Current owner
From public records · entity-resolved
John Strachan
Individual
Mailing address
49 MONUMENT ST, CHARLESTOWN, MA 02129
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$19,500,000
John Strachan
Rhino 456 Bedford St LLC
Quit Claim Arm's Length For Ne States
$13,650,000 · Cambridge Savings Bank
Jul 10, 2019
—
56 Realty LLC
—
Deed
related
$3,000,000 · Stephen M Robinson
Jul 25, 2018
—
56 Realty LLC
—
Deed
related
$1,750,000 · Sam L Ruddy
—
—
56 Realty LLC
—
Deed Of Trust
related
$1,750,000 · Sam L Ruddy
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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