Property profile

537 Riverside Ave Somerset, MA 02725

OFF-MARKET
Motels
Property ID
US38-1836944
19,318 SF 2.88 ac lot Built 1960
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1960
Total area 19,318 SF
Lot 2.88 ac (125,453 SF)
Zoning code C
APN SOME M:0A8 L:0014
UPID US38-1836944

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel

Location

537 Riverside Ave Somerset, MA 02725-2843
Somerset metro Census 644200 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.20M
CAP Approach CAP
$1.91M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.20M

Owner & transaction history

since 2024
Last sale
$2.2M
7 recorded transactions
2024
$2.2M
2024
Price N/A
2012
Price N/A
2003
Price N/A
1999
Price N/A
1999
Price N/A
1998
Price N/A

Zoning & alternative use

C · Somerset, MA
Top alternative use upside
Medical building $2.8M +442.0%
Auto repair, garage $2.3M +354.1%
Restaurant $2.2M +325.1%

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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