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    Property profile & analytics

    121 Massachusetts Ave, Unit 127 Arlington, MA 02474-8615

    • Retail space
    • 2,132 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Location Intelligence
    Property ID
    US38-1686781
    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

    • Maida Pharmacy Compounding and Wellness / Pharmacy
    • Lisa Gray / Pharmacy

    Property Details for 121 Massachusetts Ave

    Year built
    1930
    Construction
    FRAME
    Lot size
    0.06 lot acres
    Property size
    2,132 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    ARLI M:025.0 B:0005 L:0015
    APU
    ARLIM0250B0005L0015

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $505,000
      6.5%
      $505,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $555,000
      Geo Method
      $525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $505,000
      Retail
      $615,000
      Mixed-Use
      $450,000
      Hospitality
      $585,000
      Educational
      $510,000
      Residential Income
      $585,000
      Energy
      $510,000
      Income-Based Land
      $480,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1398
    Latitude
    42.4041
    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
    $9,040
    $600,000
    $253,600
    $853,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,811 SF

      301 Broadway, Unit 309

      RETAIL STORES (PERSONAL SERVICES) • 9,811 SF
      301 Broadway, Arlington, MA 02474-5303
      View Details
    • Value Estimation by Request
      4,000 SF

      167 Massachusetts Ave, Unit 173

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      167 Massachusetts Ave, Arlington, MA 02474-8608
      View Details
    • Value Estimation by Request
      3,456 SF

      185 Massachusetts Ave, Unit 191

      RETAIL STORES (PERSONAL SERVICES) • 3,456 SF
      185 Massachusetts Ave, Arlington, MA 02474-8627
      View Details
    • Value Estimation by Request
      2,902 SF

      85 Warren St, Unit 91

      RETAIL STORES (PERSONAL SERVICES) • 2,902 SF
      85 Warren St, Arlington, MA 02474-5235
      View Details
    • Value Estimation by Request
      3,492 SF

      174 Broadway, Unit 182

      RETAIL STORES (PERSONAL SERVICES) • 3,492 SF
      174 Broadway, Arlington, MA 02474-5421
      View Details
    • Value Estimation by Request
      12,179 SF

      397-399 Massachusetts Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,179 SF
      397-399 Massachusetts Ave, Arlington, MA 02474
      View Details

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    Similar Nearby for Lease

    • $2,600 /Mo

      Prime Arlington Center Storefront Space

      Highly visible storefront in Arlington Center with flexible floor plan.
      432 Massachusetts Ave, Arlington, MA 02474
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    • $38 SF/Yr
      2,015 SF

      Arlington Center Retail-Office Space

      Street-level retail or office space in Arlington Center.
      715 Massachusetts Ave, Arlington, MA 02474
      View Details
    • $2,800 /Mo

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      Prime storefront in a newly redeveloped mixed-use building.
      4 Medford St, Arlington, MA 02474
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    • $28 SF/Yr
      2,950 SF

      Prime Retail Space in Arlington

      Retail/Office space for lease in Arlington, MA. Flexible layout.
      61 Massachusetts Ave, Arlington, MA 02474
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    • $40 SF/Yr
      4,000 SF

      Arlington Office/Retail Space Available

      4,000 SF office or retail space for lease.
      645 R Massachusetts Ave, Arlington, MA 02474
      View Details
    • Contact for pricing
      1,308 SF

      Renovated Office Space Available

      Modernized office rentals with flexible floor plans and private access.
      61-63 Massachusetts Ave, Arlington, MA 02474
      View Details
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    121 Massachusetts Ave, Unit 127
    Arlington, MA 02474-8615
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    Realmo Value Estimation

    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.

    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.

    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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