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    Property profile & analytics

    159 Granite Ave Dorchester Center, MA 02124

    • Office buildings
    • 2,627 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $5,115,000
    Last Sale
    Mar 02, 2021
    $5,000,000
    Location Intelligence
    Property ID
    US38-1130368
    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

    • Office buildings

    Property Details for 159 Granite Ave

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.29 lot acres
    Property size
    2,627 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    DORC W:16 P:05383 S:000
    APU
    DORCW16P05383S000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,230,000
      6.5%
      $4,375,000
      7%
      $5,295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,435,000
      Geo Method
      $5,660,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,965,000
      Retail
      $4,460,000
      Mixed-Use
      $5,035,000
      Hospitality
      $4,050,000
      Educational
      $4,165,000
      Residential Income
      $4,145,000
      Energy
      $5,095,000
      Income-Based Land
      $4,715,000
      Food Service
      $4,260,000

    Location Insight

    • Map
    • Local Demand
    City
    Dorchester Center
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0542
    Latitude
    42.2782
    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
    $12,367
    $254,000
    $235,400
    $489,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $465,000
      9,850 SF

      1803 Dorchester Ave

      OFFICE BUILDING • 9,850 SF
      1803 Dorchester Ave, Dorchester Center, MA 02124-2530
      View Details
    • Value Estimation by Request
      7,109 SF

      15 Medway St, Unit 21

      OFFICE BUILDING • 7,109 SF
      15 Medway St, Dorchester Center, MA 02124-5721
      View Details
    • Value Estimation by Request
      2,382 SF

      2076-2080 Dorchester Ave

      OFFICE BUILDING • 2,382 SF
      2076-2080 Dorchester Ave, Dorchester Center, MA 02124
      View Details
    • Value Estimation
      $295,000
      1,896 SF

      2291-2295 Dorchester Ave

      OFFICE BUILDING • 1,896 SF
      2291-2295 Dorchester Ave, Dorchester, MA 02124
      View Details
    • Value Estimation by Request
      11,158 SF

      100 Hallet St

      OFFICE BUILDING • 11,158 SF
      100 Hallet St, Dorchester Center, MA 02124-5408
      View Details
    • Value Estimation
      $1,865,000
      8,982 SF

      919 Washington St, Unit 925

      OFFICE BUILDING • 8,982 SF
      919 Washington St, Dorchester Center, MA 02124-4626
      View Details

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    Similar Nearby for Lease

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      Three-level office building with modern layout in Codman Square.
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      Retail/Office Space For Lease

      700 sq ft retail/office space in high-traffic location.
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      View Details
    • Contact for pricing
      7,904 SF

      Office Space with Planned Upgrades

      Office space for rent with excellent access and planned upgrades.
      350 Washington St, Boston, MA 02124
      View Details
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    159 Granite Ave
    Dorchester Center, MA 02124
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    Realmo Value Estimation

    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.

    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.

    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
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