New search
Property profile & analytics
OFF-MARKET
Turn key restaurants
1509 Blue Hl Ave 1517, Mattapan, MA 02126-2126
Individually Owned
35-yr Hold
~
Est. High Equity
Property ID
US38-1430303
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Construction
BRICK
Total area
4,430 SF
Lot
0.33 ac (14,272 SF)
Zoning code
C
APN
MATT W:18 P:01040 S:000
UPID
US38-1430303
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
-
Spicy Nails Nail Salon
-
Simco's Restaurant
-
Private Industry Collaborative Loan Service Bank
-
CFS Mortgages Loan Service Bank
-
US Housing & Economic Development Real Estate Agency
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
Fotopoulis Ft · 35 yrs held
Fotopoulis Ft
since 1991
7 recorded transactions
Zoning & alternative use
C · Mattapan, 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 Mattapan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mattapan 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
$37,389
Tax year 2024
Assessed value
$1,479,600
Assessed 2024
Previous assessed
$1,483,100
-0.2% YoY
Effective rate
2.53%
On assessed value
Assessed land
$598,100
Assessed improvement
$881,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1930
Construction
BRICK
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
4,430 SF
Lot
0.33 ac (14,272 SF)
Zoning code
C
APN
MATT W:18 P:01040 S:000
UPID
US38-1430303
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Mattapan, MA
Zoning C · permitted uses
C · Mattapan, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mattapan. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
BRICK
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Fotopoulis Ft
Individual
Mailing address
17 BRK RD, MILTON, MA 02186-1110
Ownership since
1991
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2017
—
Fotopoulos Family Trust
—
Deed
related
$199,900 · Touchstone Cap Ptrs 2
May 24, 2016
—
Fotopoulos Family Trust
—
Deed
related
$112,500 · Christopher J Fein PC
May 15, 1991
$20,000
Fotopoulis Ft
South Boston Sb
Grant Deed
$100,000 · South Boston Savings Bank
Dec 3, 1990
$125,000
South Boston Sb
Acjm INC
Grant Deed
—
May 19, 1988
—
Acjm INC
—
Deed Of Trust
related
$300,000 · South Boston Savings Bank
—
—
Fotopoulos Family Trust
—
Deed Of Trust
related
$112,500 · Christopher J Fein PC
—
—
Fotopoulos Family Trust
—
Deed Of Trust
related
$199,900 · Touchstone Cap Ptrs 2
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1509 Blue Hl Ave, Unit 1517?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
