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Property profile & analytics
OFF-MARKET
Estimated value
$8,965,000
Office buildings
162-166 Canal St, Boston, MA 02114
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1585510
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Construction
BRICK
Total area
19,411 SF
Lot
0.09 ac (3,964 SF)
Zoning code
C
APN
CBOS W:03 P:01602 S:000
UPID
US38-1585510
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
-
Jemileh Artist Entertainment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.97M
CAP Approach
CAP
$10.21M
Comparable Approach
Comparable
$10.54M
Blend (final)
Blend
$8.97M
Owner & transaction history
Greatest Boston Bar Co · 4 yrs held
Greatest Boston Bar Co
since 2021
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
C · Boston, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.1M
+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 Boston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boston 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
$8,830,000
ML approach
$8,965,000
CAP Approach
CAP Return
Estimation
6%
$11,060,000
6.5%
$10,210,000
7%
$9,480,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,930,000
Current use
RESTAURANT
$13,060,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,420,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$10,430,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$8.97M
Range $8.07M – $9.86M · ±10% · vs last sale $9.03M (Dec 16 2021)
Last sale anchor
$9.03M
Dec 16 2021
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
$462 / 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
$144,592
Tax year 2024
Assessed value
$5,721,900
Assessed 2024
Previous assessed
$5,976,700
-4.3% YoY
Effective rate
2.53%
On assessed value
Assessed land
$1,682,500
Assessed improvement
$4,039,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1915
Construction
BRICK
Heating
NONE
Buildings
1
Stories
5
Units
7
Total area
19,411 SF
Lot
0.09 ac (3,964 SF)
Zoning code
C
APN
CBOS W:03 P:01602 S:000
UPID
US38-1585510
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Boston, MA
Zoning C · permitted uses
C · Boston, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.9M
RESTAURANT
Est. value
$13.1M
AUTO REPAIR, GARAGE
Est. value
$11.4M
RETAIL STORES
Est. value
$10.4M
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
1915
Construction
BRICK
Heating
NONE
Stories
5
Buildings
1
Units
7
Lot
0.09 ac
Current owner
From public records · entity-resolved
Greatest Boston Bar Co
Entity
Mailing address
500 LINCOLN ST FL, ALLSTON, MA 02134-1557
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
$9,032,909
Greatest Boston Bar Co
Canal Street Realty LLC
Quit Claim Arm's Length For Ne States
$9,120,000 · Northern Bank & Trust Co
Jul 10, 2003
—
Canal Street Realty
—
Deed Of Trust
related
$1,661,000 · East Boston Savings Bank
Jun 10, 1999
$2,375,000
Canal Street RT
Canal Street Nt
Grant Deed
related
$1,800,000 · East Boston Savings Bank
Mar 15, 1999
—
Canal St. 162-166 Nt
—
Deed Of Trust
related
$1,050,000 · Gary Needham
Sep 11, 1996
—
Canal St. Nt
—
Deed Of Trust
related
$225,000 · Citizens Bank Of Ma
Apr 24, 1995
$950,000
Canal St. Nt 162-166
Whbb Real Estate LP
Grant Deed
$700,000 · Citizens Bank Of Ma
May 7, 1992
$2,600,000
Causcan LP
Canal Dev Corp
Grant Deed
—
Oct 22, 1991
$1,000,000
Canal Devel Corp
Canal St RT 170
Grant Deed
related
—
Dec 29, 1988
—
Canal St. RT 170
—
Deed Of Trust
related
$2,100,000 · Bankboston Development Co LLC
Nov 14, 1988
$1,100,000
Canal St. RT 170
Causcan RT
Grant Deed
$600,000 · Landmark Bank Svgs
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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