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Property profile & analytics
OFF-MARKET
Estimated value
$13,150,000
Grocery and convenience stores
501 Rodman St, Fall River, MA 02721-4217
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0515917
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1997
Construction
STEEL FRAME
Total area
84,081 SF
Lot
5.73 ac (249,599 SF)
Zoning code
B-L
APN
FALL M:0I-18 B:0000 L:0001
UPID
US38-0515917
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
-
Stop & Shop Pharmacy Pharmacy
-
Stop & Shop Grocery & Convenience Store Food Market
-
Citizens Bank Atm
-
Western Union Bank Credit Union
-
higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.15M
Owner & transaction history
Exchangeright Net-leased · 2 yrs held
Exchangeright Net-leased
since 2024
Last sale
$13.2M
6 recorded transactions
Zoning & alternative use
B-L · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.5M
+50.5%
Auto repair, garage
$13.3M
+48.6%
Neighborhood: shopping center
$12.8M
+43.5%
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
$13,150,000
ML approach
$13,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$8,945,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,460,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,290,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,845,000
Change: +44% · Conversion: Moderate
WAREHOUSE, STORAGE
$11,120,000
Change: +24% · Conversion: Difficult
RESTAURANT
$11,080,000
Change: +24% · Conversion: Easy
INDUSTRIAL (GENERAL)
$9,535,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$8,275,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$13.15M
Range $11.84M – $14.47M · ±10% · vs last sale $13.15M (Jan 22 2024)
Last sale anchor
$13.15M
Jan 22 2024
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
$156 / 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
$162,397
Tax year 2024
Assessed value
$6,783,500
Assessed 2024
Previous assessed
$6,523,800
+4.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,174,100
Assessed improvement
$5,609,400
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
8
Total area
84,081 SF
Lot
5.73 ac (249,599 SF)
Zoning code
B-L
APN
FALL M:0I-18 B:0000 L:0001
UPID
US38-0515917
Jurisdiction
FALL RIVER
Zoning & alternative use
B-L · Fall River, MA
Zoning B-L · permitted uses
B-L · 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
RETAIL STORES Current
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.5M
AUTO REPAIR, GARAGE
Est. value
$13.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.8M
WAREHOUSE, STORAGE
Est. value
$11.1M
RESTAURANT
Est. value
$11.1M
INDUSTRIAL (GENERAL)
Est. value
$9.5M
OFFICE BUILDING
Est. value
$8.3M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RESTAURANT
INDUSTRIAL (GENERAL)
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
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
8
Lot
5.73 ac
Current owner
From public records · entity-resolved
Exchangeright Net-leased
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2024
—
Exchangeright Net-leased
Exchangeright Net-leased
Quit Claim Deed
related
$43,250,000 · Citi Real Estate Funding
Dec 27, 2023
$13,150,000
Exchangeright Net-leased
Fall River Ra LLC
Quit Claim Arm's Length For Ne States
$80,000,000 · Ameris Bank
Dec 14, 2023
$5,061,267
Fall River Ra LLC
Lcp Supermarkets Remainde
Quit Claim Arm's Length For Ne States
—
Jan 3, 1997
$5,242,819
Britt RT
State St B&t Co
Grant Deed
—
Feb 28, 1995
$1,800,000
State St B&t Co Ct
Mason T
Grant Deed
—
—
—
Fall Riv Ra LLC
—
Deed Of Trust
related
$147,035,000 · Kref Lndg I LLC
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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