Property profile

1065 Commonwealth Ave Boston, MA 02215

OFF-MARKET
Grocery and convenience stores
Property ID
US38-1080358
0.7 ac lot Built 1925
Entity Owned 31-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a retail space totaling approximately 2,000 square feet, situated on Commonwealth Avenue along a corridor connecting the Brighton and Allston neighborhoods with the Back Bay and Downtown Boston. It is located adjacent to Boston University and near Boston Landing, a mixed-use development comprising about 15 acres. The space is positioned on the lower level and includes frontage on Gardner Street, with access from Commonwealth Avenue and proximity to a dedicated parking lot. The unit supports prominent street-facing signage.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1925
Construction CONCRETE
Lot 0.7 ac (30,400 SF)
Zoning code C
APN ALLS W:21 P:00474 S:000
UPID US38-1080358

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
  • (Bike/Boat/Book/etc) Store Bar & Pub
  • Gym & Fitness Center
  • Atm Currency Exchange Service
  • Physician
  • Pharmacy

Location

1065 Commonwealth Ave Boston, MA 02215-1031
Boston metro Census 805 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 1994
4 recorded transactions
2022
Price N/A
2004
Price N/A
1998
Price N/A
1994
$9.3M

Zoning & alternative use

C · Boston, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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