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Property profile & analytics
FOR LEASE
Office buildings
179 Lincoln St, Boston, MA 02111
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1883449
For Lease
1 / 2
Contact for pricing
179 Lincoln St, Boston, MA 02111
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1899
Construction
CONCRETE
Total area
210,440 SF
Lot
0.98 ac (42,639 SF)
Zoning code
C
APN
CBOS W:03 P:05332 S:000
UPID
US38-1883449
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
-
Island Exterior Fabricators LLC Architectural Designer
-
Epiq Law Firm Financial Advisor
-
CB Richard Ellis Real Estate Agency
-
Jones Lang La Sale Property Management Company
-
Wood Mackenzie Information Services Human Resources
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$155.65M
CAP Approach
CAP
$101.82M
Comparable Approach
Comparable
$155.65M
Blend (final)
Blend
$155.65M
Owner & transaction history
Lincoln Owner LLC · 2 yrs held
Lincoln Owner LLC
since 2024
Last sale
$155.7M
7 recorded transactions
Zoning & alternative use
C · Boston, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$141.6M
+21.3%
Auto repair, garage
$123.8M
+6.0%
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
$155,650,000
ML approach
$155,650,000
CAP Approach
CAP Return
Estimation
6%
$110,305,000
6.5%
$101,820,000
7%
$94,545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$116,775,000
Current use
RESTAURANT
$141,600,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$123,825,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$113,085,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$101,360,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$155.65M
Range $140.09M – $171.22M · ±10% · vs last sale $155.65M (Mar 20 2024)
Last sale anchor
$155.65M
Mar 20 2024
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
$740 / 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
$2,180,854
Tax year 2024
Assessed value
$86,302,100
Assessed 2024
Previous assessed
$86,302,100
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$21,674,000
Assessed improvement
$64,628,100
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
For Lease
Year built
1899
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
5
Total area
210,440 SF
Lot
0.98 ac (42,639 SF)
Zoning code
C
APN
CBOS W:03 P:05332 S:000
UPID
US38-1883449
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
$116.8M
RESTAURANT
Est. value
$141.6M
AUTO REPAIR, GARAGE
Est. value
$123.8M
RETAIL STORES
Est. value
$113.1M
COMMERCIAL (GENERAL)
Est. value
$101.4M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1899
Construction
CONCRETE
Heating
NONE
Stories
5
Buildings
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Lincoln Owner LLC
Entity
Mailing address
10 POST OFC SQ, BOSTON, MA 02109-4603
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
—
Lincoln Owner LLC
Bpp Lincoln Owner LLC
Quit Claim Deed
related
—
Jun 15, 2020
—
Bpp Lincoln Owner LLC
—
Deed
related
$93,000,000 · Aareal Cap
Jan 8, 2020
$155,650,000
Bpp Lincoln Owner LLC
Invesco If 4 3 LLC
Quit Claim Deed
—
Jul 25, 2016
—
Invesco If 4 Us 3 LLC
—
Deed
related
$105,300,000 · Wells Fargo Bk
Jan 11, 2012
$75,000,000
Invesco If 4 Us3 LLC
Mcaf 179 Lincoln Holding
Quit Claim Deed
$42,000,000 · Worth Funding INC
Dec 20, 2007
$1
Historic Boston INC
Mcaf 179 Lincoln Hldg
Grant Deed
—
Oct 9, 2007
—
Lincoln Devco 179 IV
—
Deed Of Trust
related
$50,457,445 · Hsbc Mortgage Corp
Sep 20, 2006
—
179 Mcaf Lincoln Hldg
—
Deed Of Trust
related
$15,403,650 · Hsbc Mortgage Corp
Apr 19, 2006
$25,600,000
Mcaf 179 Lincoln Hldg
Teradyne INC
Grant Deed
—
—
—
Invesco If 4 Us 3 LLC
—
Deed Of Trust
related
$105,300,000 · Wells Fargo Bk
—
—
Bpp Lincoln Owner LLC
—
Deed Of Trust
related
$93,000,000 · Aareal Cap
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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