Property profile

51 Penn St Fall River, MA 02724

OFF-MARKET
Warehouses
Property ID
US38-1649782
39,304 SF 6.89 ac lot Built 1960
Entity Owned 17-yr Hold ~ Est. High Equity
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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

Location

51 Penn St Fall River, MA 02724-1276
Fall River metro Census 640300 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.99M
Blend (final) Blend
$905k

Owner & transaction history

since 2009
6 recorded transactions
2009
$2.8M
2000
Price N/A
1999
$550,000
1987
$650,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IND · Fall River, MA
Top alternative use upside
Neighborhood: shopping center $6.0M +15.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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