Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18 Harvard St Boston, MA 02124
    Back to Search
    Property profile & analytics

    18 Harvard St Boston, MA 02124

    View on Map
    • Retail properties & Spaces
    • 4,056 SF
    • 0.79 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 18 Harvard St

    Lot size
    0.79 lot acres
    Property size
    4,056 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 18 Talbot Avenue & 226-232 Harvard Street in Dorchester Center, MA (zip code 02124), presents a unique redevelopment opportunity. The 0.79-acre site boasts a combined 34,938 square feet of potential, offering significant flexibility for investors and developers. Currently featuring a 4,056 square foot retail building, the property is zoned C & CL, allowing for a variety of uses. The location provides excellent visibility and accessibility, with frontage on both Talbot Avenue and Harvard Street. Conveniently situated just seven miles south of Boston Logan International Airport, the property benefits from easy access to major highways, multiple bus routes, and the MBTA Commuter Rail (Fairmount Line and Franklin/Foxboro Line are less than half a mile away). Nearby amenities include Franklin Park, the Strand Theatre, and the vibrant Dorchester Avenue business district. This prime location within the Boston market offers substantial growth potential in a rapidly evolving neighborhood. The five adjacent commercial lots provide a unique opportunity to create a significant development. Detailed information is available upon request.

    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
    -71.0867
    Latitude
    42.2947

    Comparable in this City

    • Value Estimation
      $3,070,000
      15,140 SF

      250 Woodrow Ave, Unit 258

      SHOW ROOM, WAREHOUSE • 15,140 SF
      250 Woodrow Ave, Dorchester Center, MA 02124-3143
      View Details
    • Value Estimation
      $1,550,000
      8,080 SF

      551 Talbot Ave

      SHOW ROOM, WAREHOUSE • 8,080 SF
      551 Talbot Ave, Dorchester Center, MA 02124-3717
      View Details
    • Value Estimation by Request
      1,660 SF

      5 Clementine Park

      SHOW ROOM, WAREHOUSE • 1,660 SF
      5 Clementine Park, Dorchester Center, MA 02124-2314
      View Details
    • Value Estimation
      $1,095,000
      5,886 SF

      2281 Dorchester Ave

      SHOW ROOM, WAREHOUSE • 5,886 SF
      2281 Dorchester Ave, Dorchester, MA 02124-5625
      View Details
    • Value Estimation
      $1,210,000
      5,175 SF

      1809-1813 Dorchester Ave

      SHOW ROOM, WAREHOUSE • 5,175 SF
      1809-1813 Dorchester Ave, Dorchester Center, MA 02124
      View Details
    • Value Estimation by Request
      1,200 SF

      24 Baird St

      SHOW ROOM, WAREHOUSE • 1,200 SF
      24 Baird St, Dorchester Center, MA 02124
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,056 SF

      Boston Commercial Property with Parking

      Commercial property featuring secure parking and drive-in bays.
      18 Talbot Ave, Boston, MA 02124
      View Details
    • Contact for pricing

      Dorchester Commercial Space For Sale

      Garden-level commercial space in Dorchester's Peabody Square, near Ashmont T.
      567 Talbot Ave, Boston, MA 02124
      View Details
    • $1,790,000
      3,668 SF

      Dorchester Avenue Corner Storefront Building

      Large storefront on Dorchester Avenue, ideal for various businesses.
      1759-1769 Dorchester Ave, Boston, MA 02124
      View Details
    • Contact for pricing

      Dorchester Avenue Corner Storefront

      High-traffic corner storefront on Dorchester Avenue, ideal for various businesses.
      1769 Dorchester Ave, Boston, MA 02124
      View Details
    • Contact for pricing

      Dorchester Development Site on Blue Hill

      Shovel-ready development site in Dorchester's Blue Hill Avenue corridor.
      5 Rhoades St, Boston, MA 02124
      View Details
    • Contact for pricing

      Dorchester Development Site on Blue Hill

      Shovel-ready development site in Dorchester's Blue Hill Avenue corridor.
      5 Rhoades St, Boston, MA 02124
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Large Land Parcel For Rent

      Spacious 515,315 SF lot available for lease.
      225 American Legion Hwy, Boston, MA 02124
      View Details
    • Contact for pricing

      Retail Space in Dorchester Available

      Second-generation pharmacy space available in Dorchester starting January 2026.
      585 Washington Street Pl, Boston, MA 02124
      View Details
    • Contact for pricing

      Former Bank Branch with Parking

      Former bank branch with dedicated parking available for rent.
      569 Washington Street Pl, Dorchester, MA 02124
      View Details
    • $2,000 /Mo

      Dorchester Avenue Retail/Office Space

      700 SF retail/office space in Dorchester available for lease.
      1480 Dorchester Ave, Boston, MA 02124
      View Details
    • $2,500 /Mo

      Dorchester Avenue Retail/Office Space

      700 SF retail/office space in Dorchester available for lease.
      1480 Dorchester Ave, Boston, MA 02124
      View Details
    • $25 SF/Yr

      Versatile Mixed-Use Commercial Building

      Spacious commercial building suitable for various businesses, available for lease.
      879-881 Blue Hill Ave, Boston, MA 02124
      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.
    18 Harvard St
    Boston, MA 02124
    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

    Thank You for Inquiry
    18 Harvard St, Boston, MA, 02124
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!