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
    Property profile & analytics

    6 Mt Vernon Plps3 Boston, MA 02108-1406

    • Parking lots & garages
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-2275302
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 6 Mt Vernon Plps3

    Zone code
    CP
    Property type
    Parking lots & garages
    APN
    CBOS W:05 P:01623 S:006
    APU
    CBOSW05P01623S006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0647
    Latitude
    42.3579
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,289
    $0.00
    $210,000
    $210,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,145,000
      141,163 SF

      191 Washington St, Unit PS32T

      RESIDENTIAL PARKING GARAGE • 141,163 SF
      191 Washington St, Boston, MA 02108-2611
      View Details
    • Value Estimation
      $1,140,000
      141,163 SF

      191 Washington St, Unit PS110

      RESIDENTIAL PARKING GARAGE • 141,163 SF
      191 Washington St, Boston, MA 02108-2611
      View Details
    • Value Estimation
      $1,145,000
      141,163 SF

      191 Washington St, Unit PS17T

      RESIDENTIAL PARKING GARAGE • 141,163 SF
      191 Washington St, Boston, MA 02108-2611
      View Details
    • Value Estimation
      $1,145,000
      141,163 SF

      191 Washington St, Unit PS30T

      RESIDENTIAL PARKING GARAGE • 141,163 SF
      191 Washington St, Boston, MA 02108-2611
      View Details
    • Value Estimation
      $1,145,000
      141,163 SF

      191 Washington St, Unit PS32

      RESIDENTIAL PARKING GARAGE • 141,163 SF
      191 Washington St, Boston, MA 02108-2611
      View Details
    • Value Estimation
      $1,145,000
      141,163 SF

      191 Washington St, Unit PS33

      RESIDENTIAL PARKING GARAGE • 141,163 SF
      191 Washington St, Boston, MA 02108-2611
      View Details

    Similar Nearby for Sale

    • $650,000

      Valet Garage Parking Space

      Parking space with refueling, car washing, and concierge services.
      70 Brimmer St, Boston, MA 02108
      View Details
    • Contact for pricing
      83 SF

      Historic Office and Retail Building

      Historic Boston building with office and retail space available for sale.
      45 School Street Pl, Boston, MA 02108
      View Details
    • Contact for pricing

      Boston Jewelers Exchange Retail Unit

      Rare opportunity in the historic Boston Jewelers Exchange Building.
      333 305+, Boston, MA 02108
      View Details
    • $1,190,000

      Corner Unit in Jewelers Building

      Seven-room office space with private bathroom in downtown Boston.
      333 Washington 341/342, Boston, MA 02108
      View Details
    • Contact for pricing

      Boston Office Building For Sale

      Three-story office building with basement, suitable for investment or occupancy.
      Boston, MA 02108
      View Details
    • Contact for pricing
      152,060 SF

      Classic Office and Retail Space

      14-story building with renovated amenities and excellent transit access.
      11 Beacon St, Boston, MA 02108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,395 SF

      Historic Office Space in Boston

      2,395 SF office space in historic Old City Hall.
      45 School St, Boston, MA 02108
      View Details
    • Contact for pricing
      3,300 SF

      Boston Public Market Retail Space

      3,300 SF retail space in a vibrant downtown location.
      100 Hanover St, Boston, MA 02108
      View Details
    • Contact for pricing
      4,571 SF

      Downtown Boston Retail Space

      Retail space for rent in downtown Boston near landmarks.
      100 City Hall Plz, Boston, MA 02108
      View Details
    • $10,500 /Mo

      Beacon Hill Commercial Space Available

      Commercial space with street-level exposure in Beacon Hill, Boston.
      22 Beacon St, Boston, MA 02108
      View Details
    • Contact for pricing
      2,014 SF

      Retail Space Near Park Street

      Retail space for rent across from Park Street T stop.
      127 Tremont St, Boston, MA 02108
      View Details
    • Contact for pricing
      25,191 SF

      Mattapan Retail Space For Lease

      Retail space available in Mattapan with high traffic and parking.
      90 River St, Mattapan, MA 02108
      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.
    6 Mt Vernon Plps3
    Boston, MA 02108-1406
    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
    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.