Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    60 Rock St Fall River, MA 02720-3126

    • Office buildings
    • 2,202 SF
    • 0.02 lot acres
    OFF-MARKET
    Last Sale
    May 22, 2024
    $170,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0136174
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Absolute Business / Accounting Firm / Tax Preparation
    • Sinel Wilfand & Vinci: Wilfand Wayne L CPA / Accounting Firm / Tax Preparation
    • Clear Vision Family Worship Center / Church
    • William Tenczar Esq / Law Firm
    • Cartório Alternativo / Consultant

    Property Details for 60 Rock St

    Year built
    1930
    Construction
    FRAME
    Lot size
    0.02 lot acres
    Property size
    2,202 SF
    Zone code
    B-L
    Property type
    Office buildings
    APN
    FALL M:0N-07 B:0000 L:0051
    APU
    FALLM0N07B0000L0051

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1533
    Latitude
    41.7025
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,902
    $49,800
    $113,200
    $163,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,035,000
      145,900 SF

      1551 Main St

      OFFICE BUILDING • 145,900 SF
      1551 Main St, Fall River, MA 02720
      View Details
    • Value Estimation
      $1,245,000
      10,800 SF

      182 Main St

      OFFICE BUILDING • 10,800 SF
      182 Main St, Fall River, MA 02720-2142
      View Details
    • Value Estimation
      $870,000
      23,817 SF

      57-59 Main St

      OFFICE BUILDING • 23,817 SF
      57-59 Main St, Fall River, MA 02720
      View Details
    • Value Estimation
      $1,800,000
      48,606 SF

      2545 Main St

      OFFICE BUILDING • 48,606 SF
      2545 Main St, Fall River, MA 02720
      View Details
    • Value Estimation
      $750,000
      19,439 SF

      80-84 Main St

      OFFICE BUILDING • 19,439 SF
      80-84 Main St, Fall River, MA 02720
      View Details
    • Value Estimation
      $515,000
      11,831 SF

      1 Main St

      OFFICE BUILDING • 11,831 SF
      1 Main St, Fall River, MA 02720-2119
      View Details

    Similar Nearby for Sale

    • $1,449,000

      Mixed-Use Property Near Train Station

      Mixed-use property with commercial and residential potential near train station.
      399 North Main St, Fall River, MA 02720
      View Details
    • Contact for pricing

      Multi-Use Property in Fall River

      Multi-use property with high visibility in a prime location.
      420 Brightman St, Fall River, MA 02720
      View Details
    • Contact for pricing
      4,527 SF

      Fall River Medical Office Building

      Medical office building for sale or lease in Fall River.
      302 Highland Ave, Fall River, MA 02720
      View Details
    • Contact for pricing
      20,500 SF

      Rivervue Professional Building: Fall River

      Prime Office/Medical Space, 20,500 SF
      775 Davol St, Fall River, MA 02720
      View Details
    • $675,000

      Renovated Two-Family Home, Fall River

      Renovated 6-bedroom, 2-bath two-family near SouthCoast Rail station.
      100 Weetamoe St, Fall River, MA 02720
      View Details
    • $699,900
      3,810 SF

      Approved Five-Unit Project in Fall River

      Incomplete five-unit project in Fall River near future MBTA station.
      150 Purchase St, Fall River, MA 02720
      View Details

    Similar Nearby for Lease

    • $980 /Mo
      17,341 SF

      Fall River Flex Space Available

      Office, studio, flex, and light manufacturing spaces for rent.
      7 Oregon St, Fall River, MA 02720
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Excellent location for retail, office, restaurant, or bakery.
      181 President Ave, Fall River, MA 02720
      View Details
    • $1,480 /Mo
      17,341 SF

      Fall River Commercial Space Available

      Office or light manufacturing space in a professional building.
      7 Oregon St, Fall River, MA 02720
      View Details
    • Contact for pricing
      1,500 SF

      Office Space For Lease

      Office space available for lease with parking.
      439 Bedford St, Fall River, MA 02720
      View Details
    • $21 SF/Yr
      32,670 SF

      Professional Office Space for Lease

      Modern medical/professional office space in historic Fall River Highlands.
      1151 Robeson St, Fall River, MA 02720
      View Details
    • Contact for pricing
      4,550 SF

      Medical Office & Flex Space

      First-class office and flex/industrial units available for lease.
      221 Weaver St, Fall River, MA 02720
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    60 Rock St
    Fall River, MA 02720-3126
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.