Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    167 Devon St Boston, MA 02121

    • Warehouses
    • 8,843 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cross Country Moving Company / Mover

    Property Details for 167 Devon St

    Property size
    8,843 SF
    Property type
    Warehouses
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional Suffolk County industrial property, located at 167 Devon Street, offers a versatile 8,843-square-foot space ideal for a variety of businesses. The property comprises three buildings situated on a 0.55-acre lot, providing ample room for operations and potential expansion. The space is currently fully vacant and available for immediate occupancy, offering a unique opportunity for a single tenant to occupy the entire portfolio or for multiple tenants seeking spaces ranging from 720 to 5,437 contiguous square feet. The buildings feature a mix of executive office and warehouse/distribution space, catering to diverse business needs. Ceiling heights range from 15 to 22.3 feet, providing excellent vertical clearance for storage or specialized equipment. Five convenient drive-in bays ensure efficient loading and unloading, streamlining operations. The property's multiple-tenant configuration allows for flexibility in lease terms and space allocation, making it an attractive option for businesses of various sizes and operational requirements. This prime location in Suffolk County offers easy access to major transportation routes, enhancing logistical efficiency and accessibility for employees and clients. The property's size and features make it a compelling opportunity for businesses seeking a well-equipped and strategically located industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0754
    Latitude
    42.3066

    Comparable in this City

    • Value Estimation
      $245,000
      4,080 SF

      15 Westwood St

      WAREHOUSE, STORAGE • 4,080 SF
      15 Westwood St, Dorchester, MA 02121
      View Details
    • Value Estimation
      $245,000
      2,150 SF

      14 Westwood St

      WAREHOUSE, STORAGE • 2,150 SF
      14 Westwood St, Dorchester, MA 02121
      View Details
    • Value Estimation
      $285,000
      11,200 SF

      20 Wyola Pl

      WAREHOUSE, STORAGE • 11,200 SF
      20 Wyola Pl, Dorchester, MA 02121
      View Details
    • Value Estimation
      $300,000
      1,960 SF

      50 Wilrose St

      TRUCK TERMINAL (MOTOR FREIGHT) • 1,960 SF
      50 Wilrose St, Dorchester, MA 02121
      View Details
    • Value Estimation
      $270,000
      2,517 SF

      402 Blue Hl Ave

      CONDOMINIUM OFFICES • 2,517 SF
      402 Blue Hl Ave, Dorchester, MA 02121-4315
      View Details
    • Value Estimation
      $250,000
      2,135 SF

      402 Blue Hl Ave

      CONDOMINIUM OFFICES • 2,135 SF
      402 Blue Hl Ave, Dorchester, MA 02121-4315
      View Details

    Similar Nearby for Sale

    • $629,000

      Dorchester Development Opportunity Near Park

      5348 sq ft lot with approved 4-unit plans.
      9-13 Hewins St, Boston, MA 02121
      View Details
    • $1,599,000

      Dorchester Multifamily Investment Opportunity

      Five-unit multifamily property in Dorchester near Franklin Park.
      35 Bradshaw St, Boston, MA 02121
      View Details
    • $799,000

      Dorchester Two-Family Value-Add Opportunity

      Two-family home in Dorchester with renovation potential and off-street parking.
      1 Dever St, Boston, MA 02121
      View Details
    • $1,499,999

      Auto Shop with Retail Space

      Fully-equipped auto shop with retail space on busy Washington St.
      210-212 Washington St, Boston, MA 02121
      View Details
    • $1,149,999

      South Dorchester Duplex with Investment Potential

      2005-built duplex in South Dorchester, ideal for owner-occupants or investors.
      15 Ellington St, Boston, MA 02121
      View Details
    • $1,199,900

      Dorchester Multifamily with Original Details

      Well-maintained 3-family home in Dorchester with excellent rental potential.
      27 Brinsley St, Boston, MA 02121
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,843 SF

      Devon Street Industrial Portfolio

      8,843 SF Industrial Space Available
      167 Devon St, Boston, MA 02121
      View Details
    • $14 SF/Yr
      2,100 SF

      Prime Blue Hill Avenue Office

      Attractive masonry building with wheelchair accessible office space for rent.
      402 Blue Hill Ave, Dorchester, MA 02121
      View Details
    • $23 SF/Yr
      14,514 SF

      Turn-Key Auto Body Facility

      Ready-to-use auto body and service garage for lease.
      310 Columbia Rd, Boston, MA 02121
      View Details
    • Contact for pricing
      2,000 SF

      Prime South End Retail Space

      Corner retail location in Boston's historic South End neighborhood.
      1673 Washington St, Boston, MA 02121
      View Details
    • Contact for pricing
      7,200 SF

      Brighton Retail Redevelopment Opportunity

      Retail space available for rent in Brighton, Massachusetts.
      35 Washington St, Boston, MA 02121
      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.
    167 Devon St
    Boston, MA 02121
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.