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Property profile & analytics
OFF-MARKET
Estimated value
$6,245,000
Showrooms
851 Middle St Fall River, MA 02721-1778
Individually Owned
15-yr Hold
Free & Clear
Property ID
US38-0204593
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2011
Construction
STEEL FRAME
Total area
39,816 SF
Lot
1.31 ac (56,998 SF)
Zoning code
N/A
APN
FALL M:0G-09 B:0000 L:0026
UPID
US38-0204593
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
-
UROLOGO DR. HAUSLADEN Physician Medical Clinic
-
Hawthorne Medical Assoc. Dr Mark A Ventura Ventura Physician Medical Clinic
-
Dr. Walter J. Rok, MD Pediatrician Medical Clinic
-
Quinn James V MD Physician
-
Fall River Family Health Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.24M
Comparable Approach
Comparable
$5.63M
Blend (final)
Blend
$6.25M
Owner & transaction history
Steward Fall River Mgmt · 15 yrs held
Steward Fall River Mgmt
since 2010
2 recorded transactions
Zoning & alternative use
N/A · Fall River, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.4M
+69.4%
Auto repair, garage
$6.3M
+67.2%
Neighborhood: shopping center
$6.1M
+61.6%
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%
$7,840,000
6.5%
$7,235,000
7%
$6,720,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,765,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,375,000
Change: +69% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,295,000
Change: +67% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,080,000
Change: +62% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,265,000
Change: +40% · Conversion: Difficult
RESTAURANT
$5,245,000
Change: +39% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,515,000
Change: +20% · Conversion: Moderate
RETAIL STORES
$4,235,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$6.25M
Range $5.62M – $6.87M · ±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
$157 / 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
$118,053
Tax year 2024
Assessed value
$4,931,200
Assessed 2024
Previous assessed
$4,372,500
+12.8% YoY
Effective rate
2.39%
On assessed value
Assessed land
$361,500
Assessed improvement
$4,569,700
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
3
Units
1
Bathrooms
23
Total area
39,816 SF
Lot
1.31 ac (56,998 SF)
Zoning code
N/A
APN
FALL M:0G-09 B:0000 L:0026
UPID
US38-0204593
Jurisdiction
FALL RIVER
Zoning & alternative use
N/A · Fall River, MA
Zoning N/A · permitted uses
N/A · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$5.3M
RESTAURANT
Est. value
$5.2M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
RETAIL STORES
Est. value
$4.2M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2011
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
1
Units
1
Bathrooms
23
Lot
1.31 ac
Current owner
From public records · entity-resolved
Steward Fall River Mgmt
Individual
Free & Clear · 15 yrs held
Mailing address
16435 N SCOTTSDALE RD STE #320, SCOTTSDALE, AZ 85254-1694
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2010
$548,497
Steward Fall River Mgmt
240 Forest St LLC
Grant Deed
—
Dec 15, 2009
$1,700,000
240 Forest St LLC
Roman Cath Bishop Of Fall
Grant Deed
—
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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