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Property profile & analytics
FOR LEASE
Grocery and convenience stores
1065 Commonwealth Ave, Boston, MA 02215
Entity Owned
31-yr Hold
Free & Clear
Property ID
US38-1080358
For Lease
1 / 2
Contact for pricing
1065 Commonwealth Ave, Boston, MA 02215
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Allston Beer & Wine Shop (Bike/Boat/Book/etc) Store Bar & Pub
-
Mats Boston Gym & Fitness Center
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
higi Physician
-
Ameesh Morjaria Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Star Markets Co INC · 31 yrs held
Star Markets Co INC
since 1994
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$118,235
Tax year 2024
Assessed value
$4,678,863
Assessed 2024
Previous assessed
$4,678,863
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$2,326,718
Assessed improvement
$2,352,145
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1925
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
2
Lot
0.7 ac (30,400 SF)
Zoning code
C
APN
ALLS W:21 P:00474 S:000
UPID
US38-1080358
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
1925
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Star Markets Co INC
Entity
Free & Clear · 31 yrs held
Mailing address
3131 TURTLE CRK BLVD, DALLAS, TX 75219-5405
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
—
Boston Blt LLC
—
Deed
related
$11,000,000 · Lincoln National Life Insurance Co
Aug 3, 2004
—
Alcorn Boston T Benenson
—
Deed Of Trust
related
$17,000,000 · Worth Funding INC
Mar 9, 1998
—
Blt Mass Investors LP
—
Deed Of Trust
related
$17,138,050 · Benenson Alcorn T
Oct 28, 1994
$9,250,000
Star Markets Co INC
Durfee Motor Sales INC
Grant Deed
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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