Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    121 Mt Vernon St Boston, MA 02108-1104

    • Office properties & Spaces
    • 12,000 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $4,970,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1934252
    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

    • Ridgeway Philanthropy / Association Or Organization
    • Gondek Diana / Law Firm
    • City Homes Associates / Real Estate Agency
    • Mavel Americas / Power Plant Equipment Supplier
    • Adelphi Capital LLC / Department Of Transportation

    Property Details for 121 Mt Vernon St

    Lot size
    0.28 lot acres
    Property size
    12,000 SF
    Zone code
    CC
    Property type
    Office properties & Spaces
    APN
    CBOS W:05 P:02406 S:004
    APU
    CBOSW05P02406S004

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,290,000
      6.5%
      $5,805,000
      7%
      $5,390,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,375,000
      Current use
      RESTAURANT
      $8,075,000
      Change: +9% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $7,595,000
      Change: +3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $7,060,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $6,450,000
      Change: -13% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0706
    Latitude
    42.3579
    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
    $167,388
    $0.00
    $6,624,000
    $6,624,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $830,000
      1,591 SF

      333 Washington St Ste 855b

      CONDOMINIUM OFFICES • 1,591 SF
      333 Washington St Ste 855b, Boston, MA 02108-5182
      View Details
    • Value Estimation
      $1,495,000
      4,613 SF

      148 Bowdoin St

      CONDOMINIUM OFFICES • 4,613 SF
      148 Bowdoin St, Boston, MA 02108
      View Details
    • Value Estimation
      $19,510,000
      71,900 SF

      14-14A Beacon St Sta, Unit A

      CONDOMINIUM OFFICES • 71,900 SF
      14-14A Beacon St Sta, Boston, MA 02108
      View Details
    • Value Estimation
      $1,485,000
      6,703 SF

      18 Beacon St

      CONDOMINIUM OFFICES • 6,703 SF
      18 Beacon St, Boston, MA 02108
      View Details
    • Value Estimation by Request
      11,323 SF

      19-21 School Street Pl

      Office properties & Spaces • 11,323 SF
      19-21 School Street Pl, Boston, MA 02108
      View Details
    • Value Estimation by Request
      152,060 SF

      11 Beacon St

      Office properties & Spaces • 152,060 SF
      11 Beacon St, Boston, MA 02108
      View Details

    Similar Nearby for Sale

    • $1,190,000
      1,891 SF

      Desirable Corner Unit in Boston

      Corner unit with private entry, subdivided offices, and private bathroom.
      333 Washington St, Boston, MA 02108
      View Details
    • $300,000
      793 SF

      Corner Office/Retail Condo in Boston

      Office/retail condo in historic Jewelers Exchange Building, Midtown Boston.
      333 Washington Street Pl, Boston, MA 02108
      View Details
    • Contact for pricing

      Historic Office and Retail Building

      Historic Boston building with office and retail space available for sale.
      45 School Street Pl, Boston, MA 02108
      View Details
    • $560,000
      1,153 SF

      Bright Office Units in Historic Building

      Rare opportunity: Combination of three bright units in Boston.
      333 Washington #304, Boston, MA 02108
      View Details
    • Contact for pricing

      Classic Office and Retail Space

      14-story building with renovated amenities and excellent transit access.
      11 Beacon St, Boston, MA 02108
      View Details
    • Contact for pricing

      Boston Office Building For Sale

      Three-story office building with basement, suitable for investment or occupancy.
      152 Bowdoin St, Boston, MA 02108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,395 SF

      Historic Office Space in Boston

      2,395 SF office space in historic Old City Hall.
      45 School St, Boston, MA 02108
      View Details
    • Contact for pricing
      3,843 SF

      Downtown Boston Office Space Available

      Stately ten-story office building in the heart of Boston.
      371-387 Washington St, Boston, MA 02108
      View Details
    • $38 SF/Yr

      Downtown Boston Office Space Available

      Office space for lease in downtown Boston with great amenities.
      1 Winter St, Boston, MA 02108
      View Details
    • Contact for pricing
      6,030 SF

      Downtown Boston Office/Educational Space

      Office or educational space in Downtown Boston with private entrance.
      45 Province St, Boston, MA 02108
      View Details
    • Contact for pricing
      8,795 SF

      Office Space in Boston Available

      8,795 square feet of office space for rent.
      10 Summer St, Boston, MA 02108
      View Details
    • Contact for pricing
      275,000 SF

      Prime Boston Office Space

      Flexible Coworking & Office Suites in Financial District
      50 Milk St, Boston, MA 02108
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    121 Mt Vernon St
    Boston, MA 02108-1104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!