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Property profile & analytics
OFF-MARKET
Estimated value
$54,985,000
Office buildings
150 Mt Vernon St, Dorchester, MA 02125-3125
Entity Owned
14-yr Hold
Free & Clear
Property ID
US38-0509285
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
CONCRETE
Total area
128,700 SF
Lot
3.05 ac (133,047 SF)
Zoning code
C
APN
DORC W:13 P:03448 S:200
UPID
US38-0509285
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
Current use
Occupant on record · Public records
-
Massachusetts State Lottery Commission Corporate Office
-
Melvin & Sons Carpet Cleaners Carpet Cleaning Service
-
Jennison Management Property Management Company
-
Massachusetts State Lottery Commission - Headquarters Corporate Office
-
Native American Lifelines Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$62.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$54.99M
Owner & transaction history
Bayside Holding LLC · 14 yrs held
Bayside Holding LLC
since 2011
5 recorded transactions
Zoning & alternative use
C · Dorchester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$86.6M
+9.5%
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 Dorchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dorchester 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$67,460,000
6.5%
$62,270,000
7%
$57,820,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$79,095,000
Current use
RESTAURANT
$86,600,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$75,725,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$69,160,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$54.99M
Range $49.49M – $60.48M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$427 / SF
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
$640,888
Tax year 2024
Assessed value
$25,361,600
Assessed 2024
Previous assessed
$25,937,300
-2.2% YoY
Effective rate
2.53%
On assessed value
Assessed land
$9,064,700
Assessed improvement
$16,296,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
5
Units
21
Total area
128,700 SF
Lot
3.05 ac (133,047 SF)
Zoning code
C
APN
DORC W:13 P:03448 S:200
UPID
US38-0509285
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Dorchester, MA
Zoning C · permitted uses
C · Dorchester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dorchester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$79.1M
RESTAURANT
Est. value
$86.6M
AUTO REPAIR, GARAGE
Est. value
$75.7M
RETAIL STORES
Est. value
$69.2M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
NONE
Stories
5
Buildings
1
Units
21
Lot
3.05 ac
Current owner
From public records · entity-resolved
Bayside Holding LLC
Entity
Free & Clear · 14 yrs held
Mailing address
150 MT VERNON ST STE #520, DORCHESTER, MA 02125-3115
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2011
$1,290,000
Bayside Holding LLC
Bank Of America NA
Grant Deed
—
May 17, 2010
—
Bayside Merchandise LLC
—
Grant Deed
related
$8,500,000 · Shem Crk Bayside LLC
May 17, 2010
$1
Bayside Merchandise LLC
Bayside Merchandise LP
Grant Deed
related
—
Mar 2, 1999
—
Bayside Merchandise LP
—
Deed Of Trust
related
$10,425,000 · Bankboston Development Co LLC
Feb 1, 1995
—
Bayside Merchandise LP
—
Deed Of Trust
related
$5,500,000 · Baybank
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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