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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Manufacturing properties
994 Jefferson St Fall River, MA 02721-4823
Entity Owned
Free & Clear
Property ID
US38-0463821
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
STEEL FRAME
Total area
20,000 SF
Lot
1.2 ac (52,272 SF)
Zoning code
IND
APN
FALL M:0D-20 B:0000 L:0023
UPID
US38-0463821
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
-
Spectrum Lighting Inc (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Thule Track Rack Auto Parts Store
-
Blue Hill Secure Investments Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$616k
Blend (final)
Blend
$530k
Owner & transaction history
Spectrum Realty LLC
Spectrum Realty LLC
since 2025
Last sale
$475,000
7 recorded transactions
Zoning & alternative use
IND · 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
by Request
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $475k (Dec 22 2025)
Last sale anchor
$475k
Dec 22 2025
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
$27 / 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
$23,421
Tax year 2024
Assessed value
$978,300
Assessed 2024
Previous assessed
$909,500
+7.6% YoY
Effective rate
2.39%
On assessed value
Assessed land
$198,900
Assessed improvement
$779,400
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
1989
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Bathrooms
5
Total area
20,000 SF
Lot
1.2 ac (52,272 SF)
Zoning code
IND
APN
FALL M:0D-20 B:0000 L:0023
UPID
US38-0463821
Jurisdiction
FALL RIVER
Zoning & alternative use
IND · Fall River, MAZoning IND · permitted uses
IND · Fall River, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Bathrooms
5
Lot
1.2 ac
Current owner
From public records · entity-resolved
Spectrum Realty LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 427, FALL RIVER, MA 02722-0427
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
$475,000
Spectrum Realty LLC
Fontaine Realty INC
Deed
—
Jun 13, 2025
$400,000
Pedro Amaral
Wilton Ribeiro
Deed
$350,000 · Fall River Five Cents Savings Bank
Mar 18, 2020
—
Steger Enterprises LLC
—
Deed
related
$680,500 · Webster Bank
Jan 7, 2019
$500,000
Spectrum Realty LLC
Guay,raymond A & Gene N
Quitclaim Deed
—
Nov 2, 2018
$250,000
Loreen L Gaspar
Walter M Paiva
Deed
$250,000 · Walter Paiva
Oct 31, 2018
$640,000
Spectrum Realty LLC
Davol Street LLC
Quitclaim Deed
—
Jun 21, 2017
$412,000
City Of Fall River
Center For Child Care & Dev
Quitclaim Deed
—
Nov 23, 2009
—
Steger Enterprises LLC
—
Deed Of Trust
related
$437,000 · Webster Bank
Jul 13, 2009
$1,100,000
Steger Ent LLC
Hetzler,karl D
Grant Deed
$954,000 · Webster Bank
Nov 22, 1989
$167,310
Karl D Hetzler
Fall River Constr
Grant Deed
$205,000 · Ft Financial
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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