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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Hawthorne 114N Boston, MA 02114

    • Commercial real estate
    For Sale
    View listing
    $294,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2 Hawthorne 114N

    Year built
    1967
    Property type
    Commercial real estate

    Description

    Seven first-floor office condos are available for sale in the prestigious Hawthorne Place Condominium, directly across from Massachusetts General Hospital in Boston, MA. This exceptional location offers unparalleled access to major transportation arteries, including T lines, commuter rail, and proximity to North Station, TD Garden, Beacon Hill, Faneuil Hall, Government Center, and Downtown Boston. Ideal for medical, financial, or legal professionals, each suite features a private bathroom, exam rooms, a central reception area, and a kitchenette. The condo fee includes 24/7 concierge service, heat, water, gas, central air conditioning, sewer, laundry facilities, and snow removal. The larger community boasts 480 residences and 25 professional office suites, along with attractive green space. Office sizes vary, ranging from approximately 283 square feet to 1686 square feet, with prices starting at $134,000. Flexible floor plans are available to accommodate diverse business needs. Parking is available for rent or purchase at an additional cost. This presents a remarkable opportunity to establish or expand a thriving business in a highly desirable and convenient location. The building offers a sophisticated and well-maintained environment, perfect for professionals seeking a prestigious address. Don't miss this chance to secure your space in this thriving Boston neighborhood.

    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
    -71.0661
    Latitude
    42.3639

    Comparable in this City

    • Value Estimation by Request

      2 Hawthorne 111-112S

      Commercial real estate
      2 Hawthorne 111-112S, Boston, MA 02114
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      2 Hawthorne 102N

      Commercial real estate
      2 Hawthorne 102N, Boston, MA 02114
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    • Value Estimation
      $15,610,000
      92,356 SF

      200 Sudbury St

      COMMERCIAL CONDOMINUIM • 92,356 SF
      200 Sudbury St, Boston, MA 02114
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    • Value Estimation
      $1,330,000
      4,000 SF

      70 Charles St

      COMMERCIAL CONDOMINUIM • 4,000 SF
      70 Charles St, Boston, MA 02114-4657
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    • Value Estimation by Request

      392 Cambridge St

      COMMERCIAL CONDOMINUIM
      392 Cambridge St, Boston, MA 02114-3126
      View Details
    • Value Estimation by Request
      1,275 SF

      286-288 Cambridge St, Unit C

      COMMERCIAL CONDOMINUIM • 1,275 SF
      286-288 Cambridge St, Boston, MA 02114
      View Details

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    Boston, MA 02114
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    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
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