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Property profile & analytics
OFF-MARKET
Estimated value
$5,105,000
Manufacturing properties
631 Airport Rd, Fall River, MA 02720-4722
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-1318430
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Construction
STEEL FRAME
Total area
297,041 SF
Lot
30.89 ac (1,345,651 SF)
Zoning code
INPK
APN
FALL M:0Z-03 B:0000 L:0006
UPID
US38-1318430
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
$5.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.72M
Blend (final)
Blend
$5.11M
Owner & transaction history
631-56 Airport Owner LLC · 5 yrs held
631-56 Airport Owner LLC
since 2021
Last sale
$4.7M
3 recorded transactions
Zoning & alternative use
INPK · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,220,000
ML approach
$5,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.11M
Range $4.59M – $5.62M · ±10% · vs last sale $4.70M (Jan 11 2021)
Last sale anchor
$4.70M
Jan 11 2021
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
$17 / 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
$248,768
Tax year 2024
Assessed value
$10,391,300
Assessed 2024
Previous assessed
$10,199,400
+1.9% YoY
Effective rate
2.39%
On assessed value
Assessed land
$3,457,700
Assessed improvement
$6,933,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
2
Units
1
Bathrooms
18
Total area
297,041 SF
Lot
30.89 ac (1,345,651 SF)
Zoning code
INPK
APN
FALL M:0Z-03 B:0000 L:0006
UPID
US38-1318430
Jurisdiction
FALL RIVER
Zoning & alternative use
INPK · Fall River, MA
Zoning 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
Fall River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Buildings
1
Units
1
Bathrooms
18
Lot
30.89 ac
Current owner
From public records · entity-resolved
631-56 Airport Owner LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7121 FAIRWAY DR STE #410, PALM BEACH GARDENS, FL 33418-3776
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
$4,700,000
631-56 Airport Owner LLC
Genlyte Group INC
Quit Claim Arm's Length For Ne States
—
Jan 29, 2016
$60,000
Iqf Custom Packing LLC
Genlyte Group INC
Quit Claim Deed
—
Apr 30, 1990
—
Lightolier INC
—
Deed Of Trust
related
$5,587,500 · Zions First National Bank
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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