Sign Up Successful!
You now have access to more from Realmo!
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

    123 Bennington St East Boston, MA 02128

    • Super regional malls
    • 1,185 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    8.2%
    Super regional malls
    Location Intelligence
    Property ID
    US38-0701868
    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

    • La sultana Boston / Butcher Shop

    Property Details for 123 Bennington St

    Year built
    1960
    Construction
    BRICK
    Lot size
    0.05 lot acres
    Property size
    1,185 SF
    Zone code
    C
    Property type
    Super regional malls
    APN
    EBOS W:01 P:06521 S:000
    APU
    EBOSW01P06521S000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $380,000
      6.5%
      $350,000
      7%
      $325,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $390,000
      Current use
      COMMERCIAL (GENERAL)
      $360,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    East Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0343
    Latitude
    42.3765
    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
    $7,374
    $73,800
    $218,000
    $291,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $390,000
      4,300 SF

      1035 Saratoga St

      REGIONAL SHOPPING CENTER, MALL • 4,300 SF
      1035 Saratoga St, East Boston, MA 02128-1238
      View Details
    • Value Estimation
      $265,000
      2,356 SF

      343-345 Chelsea St

      REGIONAL SHOPPING CENTER, MALL • 2,356 SF
      343-345 Chelsea St, East Boston, MA 02128
      View Details
    • Value Estimation
      $435,000
      5,830 SF

      1115 Bennington St

      REGIONAL SHOPPING CENTER, MALL • 5,830 SF
      1115 Bennington St, East Boston, MA 02128-1135
      View Details
    • Value Estimation
      $280,000
      2,083 SF

      240-242 Meridian St

      REGIONAL SHOPPING CENTER, MALL • 2,083 SF
      240-242 Meridian St, East Boston, MA 02128
      View Details
    • Value Estimation
      $335,000
      1,160 SF

      9-11 Maverick Sq

      REGIONAL SHOPPING CENTER, MALL • 1,160 SF
      9-11 Maverick Sq, East Boston, MA 02128
      View Details
    • Value Estimation
      $290,000
      2,510 SF

      17 Maverick Sq, Unit 23

      REGIONAL SHOPPING CENTER, MALL • 2,510 SF
      17 Maverick Sq, East Boston, MA 02128-2312
      View Details

    Similar Nearby for Sale

    • $949,000

      East Boston Three-Family with Storefront

      Three-family property with commercial space in prime East Boston location.
      198 Marion St, Boston, MA 02128
      View Details
    • $3,150,000
      5,500 SF

      Prime Retail Asset Near Transit

      Well-located retail asset in a high-barrier to entry submarket.
      46-48 Maverick Sq, East Boston, MA 02128
      View Details
    • $659,000

      Turnkey Restaurant with Liquor License

      Fully equipped restaurant with liquor license in prime East Boston.
      0000 Sumner St, Boston, MA 02128
      View Details
    • $3,499,000

      Orient Heights Development Opportunity

      Development project near Orient Heights MBTA with approvals for 27 apartments.
      2 Ford St, Boston, MA 02128
      View Details
    • $2,399,000

      Orient Heights Development Opportunity

      Development project near Orient Heights MBTA Blue Line station.
      970 Saratoga St, Boston, MA 02128
      View Details
    • $1,540,000

      Retail Building in High-Traffic Area

      Two-unit retail building with development potential in Boston.
      23-25 Meridian St, Boston, MA 02128
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      750 SF

      Adaptable Retail and Office Space

      Flexible space in East Boston for retail or office use.
      975 Saratoga St, East Boston, MA 02128
      View Details
    • $3,000 /Mo

      Updated Corner Retail Space Available

      Updated retail space with storefront windows in high-traffic area.
      108 Maverick St, Boston, MA 02128
      View Details
    • Contact for pricing
      10,000 SF

      East Boston Standalone Retail Asset

      Standalone retail asset with parking lot in East Boston.
      129 Border St, Boston, MA 02128
      View Details
    • Contact for pricing
      3,150 SF

      Adaptable Commercial Space in Boston

      Modern commercial space with customization options, water views, and prime location.
      99 Border St, Boston, MA 02128
      View Details
    • $60 SF/Yr
      3,000 SF

      East Boston Retail/Office Space

      New construction retail/office space in rapidly gentrifying East Boston.
      40 Central Sq, Boston, MA 02128
      View Details
    • $3,300 /Mo

      East Boston Commercial Space Available

      Expansive commercial space in East Boston's Orient Heights neighborhood.
      956 Saratoga St, Boston, MA 02128
      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.
    123 Bennington St
    East Boston, MA 02128
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.