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

    1589 Columbus Ave Roxbury, MA 02119-1039

    • Sports & entertainment properties
    • 3,549 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Jan 23, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1319492
    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

    • KJ Paula Gift Baskets / (Bike/Boat/Book/etc) Store
    • Community Church of God / Church

    Property Details for 1589 Columbus Ave

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.10 lot acres
    Property size
    3,549 SF
    Zone code
    C
    Property type
    Sports & entertainment properties
    APN
    JAMA W:11 P:01180 S:000
    APU
    JAMAW11P01180S000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Roxbury
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0987
    Latitude
    42.3216
    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
    $6,414
    $137,100
    $116,700
    $253,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      Cedar St

      CHARITABLE ORGANIZATION • 0.11 Acres
      Cedar St, Roxbury, MA 02119
      View Details
    • Value Estimation by Request

      154 Ctr St

      PARKING LOT
      154 Ctr St, Roxbury, MA 02119
      View Details
    • Value Estimation by Request
      0.04 Acres

      11-13 Farnham St

      INDUSTRIAL (GENERAL) • 0.04 Acres
      11-13 Farnham St, Roxbury, MA 02119
      View Details
    • Value Estimation by Request
      0.04 Acres

      Clarence St

      VACANT COMMERCIAL LAND • 0.04 Acres
      Clarence St, Roxbury, MA 02119
      View Details
    • Value Estimation by Request
      0.23 Acres

      1989-1991 Columbus Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.23 Acres
      1989-1991 Columbus Ave, Boston, MA 02119
      View Details
    • Value Estimation by Request
      0.03 Acres

      Blue Hl Ave

      VACANT COMMERCIAL LAND • 0.03 Acres
      Blue Hl Ave, Roxbury, MA 02119
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,688 SF

      Multifamily Building with 15 Units

      15-unit multifamily property available for sale.
      1107 Harrison Ave, Boston, MA 02119
      View Details
    • Contact for pricing

      Blue Hill Avenue Commercial Property

      Commercial property for sale with existing 10-year lease.
      161 Blue Hill Ave, Boston, MA 02119
      View Details
    • $3,399,000
      13,412 SF

      Turnkey 7-Unit Multifamily Portfolio

      7-unit rental portfolio in Boston with new construction and renovations.
      15-17 Maywood St, Boston, MA 02119
      View Details
    • $1,000,000
      30 SF

      Roxbury Industrial Build-to-Suit

      Prime Boston warehouse space, build-to-suit.
      10 Malcolm X Blvd, Roxbury, MA 02119, Boston, MA 02119
      View Details
    • Contact for pricing
      4,789 SF

      New Multifamily Property in Roxbury

      Newly constructed multifamily property in a rapidly evolving Boston neighborhood.
      70 Rockland St, Boston, MA 02119
      View Details
    • $1,325,000
      Pending

      Dudley Square Commercial Building

      Class C building in Dudley Square, Roxbury for sale.
      2219 Washington St, Boston, MA 02119
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,450 SF

      Roxbury Office Space Available

      Modern office space with parking and bike storage in Roxbury.
      1785 Columbus Ave, Roxbury, MA 02119
      View Details
    • Contact for pricing

      Commercial Kitchens for Food Operators

      Private commercial kitchens equipped for catering and food preparation.
      94 Shirley St, Boston, MA 02119
      View Details
    • Contact for pricing

      Historic Nubian Square Office Space

      Two-suite office space in historic Nubian Square available for rent.
      2343 Washington Street Pl, Boston, MA 02119
      View Details
    • Contact for pricing
      38,000 SF

      Boston Industrial Land - Hampden St

      38,000 SF Industrial Land For Lease
      55 Hampden St Boston, Boston, MA 02119
      View Details
    • Contact for pricing
      2,166 SF

      Jamaica Plain Retail Space Available

      Retail space in high-traffic Jamaica Plain location for rent.
      702 Centre St, Jamaica Plain, MA 02119
      View Details

    Property Visit Statistics

    • Visits by month
      2.3k
    • Visitors by month
      1.8k
    • Avg Time on site
      16 min
    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.
    1589 Columbus Ave
    Roxbury, MA 02119-1039
    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!