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Property profile & analytics
OFF-MARKET
Estimated value
$3,665,000
Warehouses
51 Penn St Fall River, MA 02724-1276
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US38-1649782
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Construction
STEEL FRAME
Total area
39,304 SF
Lot
6.89 ac (299,993 SF)
Zoning code
IND
APN
FALL M:0A-19 B:0000 L:0008
UPID
US38-1649782
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.99M
Blend (final)
Blend
$3.67M
Owner & transaction history
Gmb Penn Street LLC · 17 yrs held
Gmb Penn Street LLC
since 2009
6 recorded transactions
Zoning & alternative use
IND · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.0M
+15.5%
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
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
WAREHOUSE, STORAGE
$5,200,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,005,000
Change: +15% · Conversion: Moderate
RESTAURANT
$5,180,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,460,000
Change: -14% · Conversion: Easy
RETAIL STORES
$4,180,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$3.67M
Range $3.30M – $4.03M · ±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
$93 / 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
$37,583
Tax year 2024
Assessed value
$1,569,900
Assessed 2024
Previous assessed
$1,355,500
+15.8% YoY
Effective rate
2.39%
On assessed value
Assessed land
$510,900
Assessed improvement
$1,059,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Bathrooms
5
Total area
39,304 SF
Lot
6.89 ac (299,993 SF)
Zoning code
IND
APN
FALL M:0A-19 B:0000 L:0008
UPID
US38-1649782
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
WAREHOUSE, STORAGE Current
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
RESTAURANT
Est. value
$5.2M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
RETAIL STORES
Est. value
$4.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
INDUSTRIAL (GENERAL)
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
1960
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Bathrooms
5
Lot
6.89 ac
Current owner
From public records · entity-resolved
Gmb Penn Street LLC
Entity
Mailing address
21 PENN ST, FALL RIVER, MA 02724-1276
Ownership since
2009
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
Feb 17, 2009
$2,800,000
Gmb Penn Street LLC
Enlon INC
Grant Deed
—
Oct 26, 2000
—
Enlon INC
—
Deed Of Trust
related
$1,500,000 · First Federal Savings Bank
Jun 23, 1999
$550,000
Enlon INC
Ivanhoe RT
Grant Deed
—
Jul 27, 1987
$650,000
Ivanhoe RT
Grtr Fall Riv Dev C
Grant Deed
$650,000 · Zenon Grzybowski
—
—
Gmb Penn St LLC
—
Deed Of Trust
related
$10,000,000 · Citizens Bk/ma
—
—
Gold Medal Bakery INC
—
Deed Of Trust
related
$8,320,000 · Citizens Bk/ma
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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