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    12 Ericsson St Dorchester, MA 02122
    Property profile & analytics

    12 Ericsson St Dorchester, MA 02122

    View on Map
    • Office buildings
    • 26,400 SF
    • 0.39 lot acres
    For Lease
    $6,070,000
    View Listing →
    Dorchester Office Space Available For Lease
    $6,070,000
    3,883 SF

    Dorchester Office Space Available

    Office space available for rent in Dorchester, Massachusetts.

    12 Ericsson St, Dorchester, MA
    View Listing
    Property ID
    US38-1454376
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Atlas Real Estate Appraisals / Real Estate Agency
    • Bowerbird Events / Wedding Service
    • Psyclarity Health / Association / Organization
    • David Anderson, Access / Real Estate Agency

    Property Details for 12 Ericsson St

    Year built
    1899
    Construction
    BRICK
    Lot size
    0.39 lot acres
    Property size
    26,400 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    DORC W:16 P:02617 S:005
    APU
    DORCW16P02617S005

    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
    -71.0408
    Latitude
    42.2918
    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
    $51,993
    $1,210,200
    $847,300
    $2,057,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,640,000
      15,144 SF

      60 Clayton St

      OFFICE BUILDING • 15,144 SF
      60 Clayton St, Dorchester, MA 02122-2737
      View Details
    • Value Estimation
      $4,445,000
      13,500 SF

      1362 Dorchester Ave, Unit 1378

      OFFICE BUILDING • 13,500 SF
      1362 Dorchester Ave, Dorchester, MA 02122-2921
      View Details
    • Value Estimation
      $3,375,000
      10,643 SF

      1431 Dorchester Ave, Unit 1441

      OFFICE BUILDING • 10,643 SF
      1431 Dorchester Ave, Dorchester, MA 02122-2915
      View Details
    • Value Estimation
      $13,000,000
      43,495 SF

      74 Lawley St

      OFFICE BUILDING • 43,495 SF
      74 Lawley St, Dorchester, MA 02122-3663
      View Details
    • Value Estimation
      $4,715,000
      20,548 SF

      295 Freeport St

      OFFICE BUILDING • 20,548 SF
      295 Freeport St, Dorchester, MA 02122-3513
      View Details
    • Value Estimation
      $1,025,000
      3,552 SF

      1532nd Dorchester Ave

      OFFICE BUILDING • 3,552 SF
      1532nd Dorchester Ave, Dorchester, MA 02122-3400
      View Details

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    • Contact for pricing

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      Victorian Building in Bowdoin District

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      Renovated Mill Building For Sale

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    • $4,700,000

      Renovated Mill Building For Sale

      14,178 Sq. Ft. renovated office building for sale.
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    • Contact for pricing
      8,998 SF

      Dorchester Mixed-Use Retail & Office

      9,000 SF mixed-use property near Fields Corner T stop.
      1485 Dorchester Ave, Dorchester, MA 02122
      View Details
    • $900,000

      Meeting House Hill Triplex

      Three-family dwelling in need of updates near schools.
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    Similar Nearby for Lease

    • Contact for pricing
      3,883 SF

      Dorchester Office Space Available

      Office space available for rent in Dorchester, Massachusetts.
      12 Ericsson St, Dorchester, MA 02122
      View Details
    • Contact for pricing
      700 SF

      Dorchester Avenue Affordable Office Space

      Cost-effective leasing with renovation potential in Dorchester, Boston.
      1480 Dorchester Ave, Dorchester, MA 02122
      View Details
    • $3,000 /Mo

      Dorchester Avenue Office Space Available

      Second-floor office space with reception, bathrooms, and multiple offices.
      1548-1558 Dorchester Ave, Boston, MA 02122
      View Details
    • Contact for pricing

      Flex Retail/Office Space Available

      657 sqft flex space, ideal for retail or office.
      408 Neponset Ave, Boston, MA 02122
      View Details
    • $4,000 /Mo
      Pending

      Prime Dorchester Office/Retail Space

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      Dorchester Avenue Leasing Opportunity

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      View Details
    View Listing
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    Dorchester, MA 02122
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    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
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