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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Super regional malls
163 Neponset Ave 171 Dorchester, MA 02122-3343
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1063295
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1930
Construction
BRICK
Total area
3,800 SF
Lot
0.14 ac (6,178 SF)
Zoning code
C
APN
DORC W:16 P:02254 S:000
UPID
US38-1063295
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
-
BluJ Laundry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.10M
Owner & transaction history
131-171 Neponset Ave RT · 5 yrs held
131-171 Neponset Ave RT
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C · Dorchester, 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 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
$1,050,000
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,255,000
Current use
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10% · vs last sale $1.05M (Aug 7 2020)
Last sale anchor
$1.05M
Aug 7 2020
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
$288 / 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
$15,346
Tax year 2024
Assessed value
$607,300
Assessed 2024
Previous assessed
$613,600
-1.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$184,100
Assessed improvement
$423,200
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1930
Construction
BRICK
Heating
NONE
Buildings
1
Stories
1
Units
3
Total area
3,800 SF
Lot
0.14 ac (6,178 SF)
Zoning code
C
APN
DORC W:16 P:02254 S:000
UPID
US38-1063295
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1930
Construction
BRICK
Heating
NONE
Stories
1
Buildings
1
Units
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
131-171 Neponset Ave RT
Individual
Mailing address
163 NEPONSET AVE #171, DORCHESTER, MA 02122-3343
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
—
163-171 Neponset Ave RT
—
Deed
related
$1,200,000 · Latitude Capital LLC
Aug 19, 2021
—
163-171 Neposet Ave RT
—
Deed
related
$400,000 · Latitude Capital LLC
Aug 12, 2021
—
163-171 Neponset RT
—
Deed
related
$710,000 · Latitude Capital LLC
Apr 27, 2021
—
163-171 Neponset Ave RT
—
Deed
related
$300,000 · Latitude Capital LLC
Apr 23, 2021
—
163-171 Neponset Ave RT
—
Deed
related
$700,000 · Latitude Capital LLC
Feb 25, 2021
—
163-171 Neponset RT
—
Deed
related
$300,000 · Latitude Capital LLC
Aug 7, 2020
$1,050,000
131-171 Neponset Ave RT
Lcl Realty LLC
Quit Claim Arm's Length For Ne States
$1,160,000 · Latitude Capital LLC
Dec 16, 2016
$955,000
Lcl Realty LLC
Neponset RT 151
Quit Claim Arm's Length For Ne States
$668,500 · Hingham Institution For Savings
Aug 18, 2005
—
151 Neponset RT
—
Deed Of Trust
related
$350,000 · Banknorth NA
Aug 12, 1999
$177,000
John F Kelley JR.
Kelley,martin E
Grant Deed
related
$360,000 · Hingham Institute For Savings
Oct 17, 1997
$177,000
Martin E Kelley
Foley,james F JR
Grant Deed
—
Jun 23, 1989
—
James F Foley JR.
—
Deed Of Trust
related
$145,000 · Us Trust Norfolk
Jan 5, 1987
—
Jerry M Fortino
—
Deed Of Trust
related
$110,000 · Us Trust Co
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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