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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Assisted living facilities
761 Highland Ave, Fall River, MA 02720-3722
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-0440373
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1900
Construction
FRAME
Total area
6,573 SF
Lot
0.45 ac (19,528 SF)
Zoning code
S
APN
FALL M:0M-19 B:0000 L:0030
UPID
US38-0440373
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
-
Elizabeth Delage, PTA Physician
-
Highland Manor Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Highland Ave Rlty Spe LLC · 3 yrs held
Highland Ave Rlty Spe LLC
since 2022
Last sale
$705,426
7 recorded transactions
Zoning & alternative use
S · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$950,000
+70.8%
Restaurant
$795,000
+43.1%
Auto repair, garage
$705,000
+27.2%
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
$790,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$555,000
Current use
MEDICAL BUILDING
$950,000
Change: +71% · Conversion: Difficult
RESTAURANT
$795,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$705,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$590,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$525,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$450,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $705k (Aug 15 2022)
Last sale anchor
$705k
Aug 15 2022
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
$112 / 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
$7,986
Tax year 2024
Assessed value
$333,600
Assessed 2024
Previous assessed
$666,000
-49.9% YoY
Effective rate
2.39%
On assessed value
Assessed land
$168,800
Assessed improvement
$164,800
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
26
Rooms
26
Bathrooms
4
Total area
6,573 SF
Lot
0.45 ac (19,528 SF)
Zoning code
S
APN
FALL M:0M-19 B:0000 L:0030
UPID
US38-0440373
Jurisdiction
FALL RIVER
Zoning & alternative use
S · Fall River, MA
Zoning S · permitted uses
S · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$555,000
MEDICAL BUILDING
Est. value
$950,000
RESTAURANT
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$705,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$590,000
RETAIL STORES
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$525,000
OFFICE BUILDING
Est. value
$450,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1900
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
26
Rooms
26
Bathrooms
4
Lot
0.45 ac
Current owner
From public records · entity-resolved
Highland Ave Rlty Spe LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1475 S MAIN ST, FALL RIVER, MA 02724-2603
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2022
—
Highland Ave Rlty Spe LLC
Fall River City Of
Redemption Deed
related
—
Jul 29, 2022
$450,000
Tetrault Real Estate LLC
Highland Ave Rlty Spe LLC
Foreclosure
related
—
Dec 14, 2016
$705,426
Highland Ave Realty Sp
Michael F Cummings
Quit Claim Arm's Length For Ne States
$2,775,000 · Mb Financial Bk NA
Nov 1, 1999
—
Michael F Cummings
—
Deed Of Trust
related
$600,000 · Bankboston Development Co LLC
Jul 8, 1994
—
Michael F Cummings
—
Deed Of Trust
related
$50,000 · Pioneer Financial Capital Bank
Jan 7, 1994
—
Michael F Cummings
—
Deed Of Trust
related
$160,000 · Pioneer Financial Capital Bank
Sep 13, 1989
—
Michael F Cummings
—
Deed Of Trust
related
$168,000 · Malden Trust Co
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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