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Property profile & analytics
OFF-MARKET
Banks
1201-1203 Massachusetts Ave, Arlington, MA 02476
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US38-0212911
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2012
Construction
STEEL FRAME
Total area
4,240 SF
Lot
0.19 ac (8,485 SF)
Zoning code
B2
APN
ARLI M:057.0 B:0004 L:0012
UPID
US38-0212911
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
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
Next Generation LLC · 15 yrs held
Next Generation LLC
since 2010
6 recorded transactions
Zoning & alternative use
B2 · Arlington, 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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$20,993
Tax year 2024
Assessed value
$1,982,300
Assessed 2024
Previous assessed
$1,982,300
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$912,400
Assessed improvement
$1,069,900
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
4,240 SF
Lot
0.19 ac (8,485 SF)
Zoning code
B2
APN
ARLI M:057.0 B:0004 L:0012
UPID
US38-0212911
Jurisdiction
ARLINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B2 · Arlington, MA
Zoning B2 · permitted uses
B2 · Arlington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Next Generation LLC
Entity
Mailing address
15 CORNELL ST, ARLINGTON, MA 02474-3403
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2017
—
Next Generation LLC
—
Deed
related
$450,000 · Abington Svgs Bk
Aug 2, 2012
—
Next Generation LLC
—
Deed Of Trust
related
$100,000 · Sovereign Bank
Jul 18, 2012
—
Next Generation LLC
—
Deed Of Trust
related
$500,000 · Sovereign Bank
Dec 30, 2010
$590,000
Next Generation LLC
1201-1203 Mass Avenue RT
Grant Deed
$800,000 · First National Bank Ipswch
Jun 29, 1987
$325,000
Catherine G Sweeney
Avery,darrell B Tr
Grant Deed
$125,000 · Zwi Kohorn
—
—
Next Generation LLC
—
Deed Of Trust
related
$450,000 · Abington Svgs Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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