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Property profile & analytics
OFF-MARKET
Estimated value
$6,125,000
Manufacturing properties
580 Commerce Dr Fall River, MA 02720-4759
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US38-0440627
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Construction
STEEL FRAME
Total area
64,890 SF
Lot
6.54 ac (284,882 SF)
Zoning code
INPK
APN
FALL M:0Z-05 B:0000 L:0004
UPID
US38-0440627
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
-
Millstone Medical Outsourcing Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.13M
Owner & transaction history
Med Outsourcing Millstone · 17 yrs held
Med Outsourcing Millstone
since 2008
7 recorded transactions
Zoning & alternative use
INPK · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.9M
+34.7%
Warehouse, storage
$8.6M
+16.6%
Restaurant
$8.6M
+16.2%
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
INDUSTRIAL (GENERAL)
$7,360,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,910,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,585,000
Change: +17% · Conversion: Easy
RESTAURANT
$8,550,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$6,905,000
Change: -6% · Conversion: Moderate
OFFICE BUILDING
$6,385,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$6.13M
Range $5.51M – $6.74M · ±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
$94 / 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
$120,105
Tax year 2024
Assessed value
$5,016,900
Assessed 2024
Previous assessed
$5,112,100
-1.9% YoY
Effective rate
2.39%
On assessed value
Assessed land
$587,300
Assessed improvement
$4,429,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
10
Total area
64,890 SF
Lot
6.54 ac (284,882 SF)
Zoning code
INPK
APN
FALL M:0Z-05 B:0000 L:0004
UPID
US38-0440627
Jurisdiction
FALL RIVER
Zoning & alternative use
INPK · Fall River, MAZoning INPK · permitted uses
INPK · Fall River, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
WAREHOUSE, STORAGE
Est. value
$8.6M
RESTAURANT
Est. value
$8.6M
RETAIL STORES
Est. value
$6.9M
OFFICE BUILDING
Est. value
$6.4M
INDUSTRIAL (GENERAL) Current
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
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
10
Lot
6.54 ac
Current owner
From public records · entity-resolved
Med Outsourcing Millstone
Individual
Mailing address
580 COMMERCE DR, FALL RIVER, MA 02720-4759
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2018
—
Millstone Medicl Outsr
—
Deed
related
$282,000 · Middlesex Savings Bank
Sep 4, 2009
—
Med Outsourcing Millstone
—
Deed Of Trust
related
$2,000,000 · Middlesex Savings Bank
Oct 7, 2008
$2,500,000
Med Outsourcing Millstone
Maplemagic LLC
Grant Deed
—
Mar 23, 2007
—
Maplemagic LLC
—
Deed Of Trust
related
$200,000 · Jobs For Fall River
Feb 8, 2006
—
Maplemagic LLC
—
Deed Of Trust
related
$250,000 · Jobs For Fall River
Dec 9, 2005
$1,500,000
Maplemagic LLC
Kentron Assoc LP
Deed
$1,200,000 · Fall River Five Cents
Dec 16, 2004
$387,795
Kentron Assoc LP
Avtek INC
Grant Deed
$1,444,000 · Slades Ferry Trust Co
Jul 27, 2004
$1
Avtek INC
Fall River Redevelopment
Grant Deed
related
—
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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