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Property profile & analytics
OFF-MARKET
Estimated value
$55,570,000
Office buildings
101 Merrimac St Boston, MA 02114-4724
Entity Owned
~
Est. High Equity
Property ID
US38-1955541
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
177,776 SF
Lot
0.44 ac (19,000 SF)
Zoning code
C
APN
CBOS W:03 P:01675 S:000
UPID
US38-1955541
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
-
Mass General Hospital Center for Community Health Improvement Medical Clinic
-
Sports Concussion Clinic | MassGeneral Hospital for Children Hospital Children's Hospital
-
Benefits Office, Brigham and Women's Hospital Medical Clinic
-
Gilman, McLaughlin & Hanrahan, LLP Law Firm
-
Stone-Turesky Gayle Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$41.41M
Comparable Approach
Comparable
$55.39M
Blend (final)
Blend
$55.57M
Owner & transaction history
101 Merrimac St Owner LLC
101 Merrimac St Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
C · Boston, 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 Boston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boston 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
by Request
CAP Approach
CAP Return
Estimation
6%
$44,860,000
6.5%
$41,410,000
7%
$38,450,000
Blend value · Realmo final
$55.57M
Range $50.01M – $61.13M · ±10%
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
$313 / 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
$1,709,862
Tax year 2024
Assessed value
$67,663,700
Assessed 2024
Previous assessed
$65,931,100
+2.6% YoY
Effective rate
2.53%
On assessed value
Assessed land
$19,240,400
Assessed improvement
$48,423,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
10
Total area
177,776 SF
Lot
0.44 ac (19,000 SF)
Zoning code
C
APN
CBOS W:03 P:01675 S:000
UPID
US38-1955541
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Boston, MA
Zoning C · permitted uses
C · Boston, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Stories
10
Buildings
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
101 Merrimac St Owner LLC
Entity
Mailing address
801 BOYLSTON ST FL, BOSTON, MA 02116-2625
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
$22,500,000
101 Merrimac St Owner LLC
101 Merrimac Owner LLC
Deed
—
Nov 19, 2019
—
101 Merrimac Owner LLC
—
Deed
related
$64,600,000 · Societe Generale
Jan 7, 2016
—
101 Merrimac Owner LLC
101 Merrimac LLC
Quit Claim Deed
related
—
Jul 10, 2009
—
101 Merrimac LLC
—
Deed Of Trust
related
$25,000,000 · Unum Life Ins Co
Aug 19, 1999
—
Merrimac LLC 101
—
Deed Of Trust
related
$22,640,000 · Amresco Capital LP
Feb 28, 1997
$22,900,000
101 Merrimac LLC
Merrimac Partnership
Grant Deed
related
—
Sep 16, 1988
$4,000,000
London Merrimac
Lm Assoc Ltd Ptnshp
Grant Deed
—
—
—
101 Merrimac Owner LLC
—
Deed Of Trust
related
$64,600,000 · Societe Generale
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.
Try Rey
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