Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1020 Dorchester Ave Dorchester, MA 02125-1315
    Back to Search
    Property profile & analytics

    1020 Dorchester Ave, Dorchester, MA 02125-1315

    View on Map
    • Investment properties
    • 6,908 SF
    • 0.57 lot acres
    Off-Market
    Last Sale Apr 26, 2024
    Property ID
    US38-1503802
    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.
    Value Estimations
    $1,175,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • James A. Murphy & Son Funeral Home / Social Service Agency

    Property Details for 1020 Dorchester Ave

    Year built
    1930
    Construction
    FRAME
    Lot size
    0.57 lot acres
    Zone code
    RC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    DORC W:13 P:02905 S:000
    APU
    DORCW13P02905S000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 26, 2024 — Murphy Funeral Hm Rlty Ll Murphy Funeral Home RT Quit Claim Deed · related —
    May 30, 2002 — Murphy Funeral Hme RT — Deed Of Trust · related $250k · Citizens Bank Of Ma

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dorchester
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0561
    Latitude
    42.3158
    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
    $0.00
    $426,400
    $1,181,820
    $1,608,220
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,365,000
      7,344 SF

      840-842A Dorchester Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      840-842A Dorchester Ave, Dorchester, MA 02125
      View Details
    • Value Estimation
      $7,230,000
      29,712 SF

      600 Columbia Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      600 Columbia Rd, Dorchester, MA 02125-3421
      View Details
    • Value Estimation
      $5,565,000
      19,864 SF

      592 Columbia Rd, Unit 598

      OFFICE/RESIDENTIAL (MIXED USE)
      592 Columbia Rd, Dorchester, MA 02125-3435
      View Details
    • Value Estimation by Request
      4,392 SF

      653 Columbia Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      653 Columbia Rd, Dorchester, MA 02125-1712
      View Details
    • Value Estimation
      $755,000
      4,498 SF

      930-932 Dorchester Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      930-932 Dorchester Ave, Dorchester, MA 02125
      View Details
    • Value Estimation
      $820,000
      5,061 SF

      808-810 Dorchester Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      808-810 Dorchester Ave, Dorchester, MA 02125
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Building on Dorchester Avenue

      Mixed-use building with renovation potential near public transportation.
      840-842A Dorchester Ave, Boston, MA 02125
      View Details
    • Contact for pricing

      Mixed-Use Building on Dorchester Avenue

      Mixed-use building with renovation potential near public transportation.
      840-842A Dorchester Ave, Boston, MA 02125
      View Details
    • Contact for pricing
      3,321 SF

      Dorchester Multifamily Investment Opportunity

      Three-unit multifamily property in Dorchester with value-add potential.
      42 Monadnock St, Boston, MA 02125
      View Details
    • Contact for pricing
      19,864 SF

      Upham's Corner Commercial Opportunity

      Commercial space with high visibility, access, and unique architectural features.
      592 Columbia Rd, Dorchester, MA 02125
      View Details
    • Contact for pricing

      Roxbury Shovel Ready Lot

      Approved plans and permits for a two-family residential development.
      8 Adrian St, Boston, MA 02125
      View Details
    • Contact for pricing

      Multi-Unit Investment Opportunity

      Three oversized four-bedroom residences, leased through August 31, 2026.
      79 Pleasant St, Boston, MA 02125
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Spacious Retail Space Available

      Large retail space with open floor plan and basement storage.
      748 Dudley St, Boston, MA 02125
      View Details
    • Contact for pricing

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru at a busy, visible intersection.
      585 Columbia Rd, Boston, MA 02125
      View Details
    • Contact for pricing

      Dorchester Avenue Storefront Commercial Space

      Ground floor commercial space with high visibility and parking.
      1225-1229 Dorchester Ave, Boston, MA 02125
      View Details
    • Contact for pricing

      Restaurant Space on Dorchester Avenue

      Second-generation restaurant space with parking on Dorchester Avenue.
      1236 Dorchester Ave, Boston, MA 02125
      View Details
    • Contact for pricing
      2,052 SF

      Dorchester Flex/Industrial Space Available

      Flex/industrial spaces available in Dorchester, Massachusetts.
      66 Von Hillern St, Dorchester, MA 02125
      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.
    1020 Dorchester Ave
    Dorchester, MA 02125-1315
    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
    1020 Dorchester Ave, Dorchester, MA, 02125
    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!