Entity Owned 
For Sale
1 / 12
$2,800,000
103 Terrace St, Boston, MA 02120
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Property summary
AI-generated overview
103 Terrace Street is a two-story commercial building with a brick-and-beam architectural style, situated on a 14,292 square-foot parcel. The building contains approximately 9,400 square feet of space, configured with wide-open office space on the second floor and a first-floor layout that includes a two-story showroom, an open mezzanine, and workshop space. The property includes on-site parking and is located in Boston’s Roxbury Crossing neighborhood, near the Longwood Medical Area and within walking distance of the MBTA Orange Line, providing access to the Financial District and Back Bay. The surrounding area features a mix of service-based amenities, and the building’s interior layout supports flexible commercial uses suitable for an owner-occupant.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1899
Construction
BRICK
Total area
9,416 SF
Lot
0.31 ac (13,600 SF)
Zoning code
C
APN
ROXB W:10 P:00396 S:002
UPID
US38-1459839
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Architect Architectural Designer
-
Architecture Firm
-
Architect
-
Architect
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$2.15M
Owner & transaction history
since 2026
3 recorded transactions
Zoning & alternative use
C · Roxbury Crossing, MA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 11 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.15M
Value range
$1.94M – $2.37M
±10% around blend
Estimated value / SF
$228 / SF
Confidence
High
11 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
Income certainty
100
$1.94M
blend $2.15M
$2.37M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,416 SF
Lot area
0.31 ac
Year built
1899
Stories
2
APN
ROXB W:10 P:00396 S:002
Zoning
C
Assessed value
$1,106,700
Annual tax
$27,966
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$27,966
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.26M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.5 mi away · 6,669 SF
5.2 mi away · 6,720 SF
5.5 mi away · 6,634 SF
8.6 mi away · 12,000 SF
14.5 mi away · 9,298 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.15M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 170 sales
$615
-63%
County 181 sales
$543
-58%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $228/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
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Overview
Selected market yield
5.42%
Selected cap rate for this office buildings
Derived from the Boston market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.42%
9.0%
NOI (est.)
$152k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.80M
Move the market yield to see immediate price impact.
Value / SF
$297
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.92%5.42%5.92%
$137k
$2.78M
$2.52M
$2.31M
$152k
$3.08M
$2.80M
$2.56M
$167k
$3.39M
$3.08M
$2.82M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$4.40M
0.9 mi · Jan 2026 · $410/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$27,966
Tax year 2024
Assessed value
$1,106,700
Assessed 2024
Previous assessed
$1,165,300
-5.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$623,600
Assessed improvement
$483,100
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1899
Construction
BRICK
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
9,416 SF
Lot
0.31 ac (13,600 SF)
Zoning code
C
APN
ROXB W:10 P:00396 S:002
UPID
US38-1459839
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Roxbury Crossing, MAZoning C · permitted uses
C · Roxbury Crossing, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1899
Construction
BRICK
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.31 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C
Jurisdiction
Roxbury Crossing, MA
Recorded code
C
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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