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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    104-108 Canal St Boston, MA 02114

    • Banks
    • 3,417 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1540471
    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

    • Banks

    Property Details for 104-108 Canal St

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.08 lot acres
    Property size
    3,417 SF
    Zone code
    C
    Property type
    Banks
    APN
    CBOS W:03 P:01591 S:020
    APU
    CBOSW03P01591S020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $366,000
      Market price range: $154k - $446k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $295,000
      Current use
      COMMERCIAL (GENERAL)
      $530,000
      Change: +80% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $330,000
      Change: +13% Conversion: Difficult
      RETAIL STORES
      $320,000
      Change: +9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $310,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0602
    Latitude
    42.3643
    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
    $35,542
    $586,400
    $820,100
    $1,406,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $345,000
      2,100 SF

      309 Cambridge St

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      309 Cambridge St, Boston, MA 02114-3110
      View Details
    • Value Estimation
      $320,000
      2,065 SF

      133 Washington St

      SHOW ROOM, WAREHOUSE • 2,065 SF
      133 Washington St, Boston, MA 02114-2115
      View Details
    • Value Estimation by Request

      10 Whittier Pl

      GYM, HEALTH SPA
      10 Whittier Pl, Boston, MA 02114-1401
      View Details
    • Value Estimation
      $350,000
      5,913 SF

      233 Friend St

      RETAIL STORES (PERSONAL SERVICES) • 5,913 SF
      233 Friend St, Boston, MA 02114-1802
      View Details
    • Value Estimation
      $755,000
      22,390 SF

      261 Friend St, Unit 269

      GYM, HEALTH SPA • 22,390 SF
      261 Friend St, Boston, MA 02114-1802
      View Details
    • Value Estimation
      $350,000
      7,200 SF

      160 Washington St, Unit 170

      RETAIL STORES (PERSONAL SERVICES) • 7,200 SF
      160 Washington St, Boston, MA 02114-2122
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,083 SF

      Beacon Hill Retail Condo For Sale

      Retail condo in Beacon Hill with long-term tenant in place.
      75-77 Charles St, Boston, MA 02114
      View Details
    • Contact for pricing
      2,772 SF

      Retail Space in North Station

      Retail space available on Portland Street in Boston.
      121 Portland St, Boston, MA 02114
      View Details
    • Contact for pricing
      1,243 SF

      Retail Space with Parking

      Retail space available with parking in Boston, MA.
      6 Whittier Pl, Boston, MA 02114
      View Details
    • $215,000

      Valet Parking Garage Space

      Valet parking garage space in Beacon Hill.
      144 Charles St, Boston, MA 02114
      View Details
    • $57,000

      Outdoor Parking Space For Sale

      Outdoor parking space near MGH, Beacon Hill, and North Station.
      2-9 Boston St, Boston, MA 02114
      View Details
    • $57,000

      Outdoor Parking Space For Sale

      Outdoor parking space near MGH, Beacon Hill, North Station.
      2-9 Hawthorne Pl, Boston, MA 02114
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Mixed-Use Building in Boston

      Twenty-two story building with residential, retail, and office spaces.
      100 Cambridge St, Boston, MA 02114
      View Details
    • Contact for pricing

      Boston West End Location

      Located in Boston's West End, steps from North Station.
      Boston, MA 02114
      View Details
    • Contact for pricing
      3,789 SF

      Prime Retail Space in Boston

      High-visibility retail space in Boston's West End, near TD Garden.
      133 Portland St, Boston, MA 02114
      View Details
    • Contact for pricing
      675 SF

      Retail Space Near North Station

      Turnkey retail space in Boston's West End, near TD Garden.
      203-205 Portland St, Boston, MA 02114
      View Details
    • Contact for pricing
      1,500 SF

      Beacon Hill Retail Space Available

      Prime retail space with basement on historic Charles Street.
      62-66 Charles St, Boston, MA 02114
      View Details
    • Contact for pricing
      2,419 SF

      Retail Space in North Station

      Retail space available in a 10-story granite and brick building.
      101 Merrimac St, Boston, MA 02114
      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.
    104-108 Canal St
    Boston, MA 02114
    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

    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.