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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Office Spaces
185 Devonshire St Fl M100, Boston, MA 02110-1407
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US38-0629509
Property summary
AI-generated overview
This exceptional 2,000 square foot executive office suite is located in Boston's Financial District at 185 Devonshire Street. The space offers a plug-and-play setup, fully furnished, and is situated on the mezzanine level with convenient lobby access. Choose from two layouts: a 1,600 square foot option featuring two private offices, a kitchenette, meeting table, four desks, and shared conference room access; or the full 2,000 square foot space, which includes all the amenities of the smaller option plus two additional private offices, four more desks, and a private conference room with built-in A/V capabilities. The building itself boasts Art Deco finishes, 24/7 security, an on-site property manager, and a concierge. The property is a Class B office building with a total of 82,788 square feet and 850 parking spaces. This is a multi-tenant building located in Suffolk County. Currently, 2,000 square feet is available for lease. This is a rare opportunity to secure a move-in ready, high-amenity office space in a prestigious location.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Total area
2,798 SF
Lot
0.06 ac (2,798 SF)
Zoning code
CC
APN
CBOS W:03 P:04665 S:022
UPID
US38-0629509
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
-
Law Office Of Frank Fernandez, Esq. Law Firm
-
Dean Levy, DMD Dental Office
-
Attorney Edward R. Molari Law Firm
-
C. Henry Fasoldt, Attorney at Law Law Firm
-
Salvucci Harris, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$1.20M
Owner & transaction history
T&t Investments LLC · 19 yrs held
T&t Investments LLC
since 2007
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
CC · Boston, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+50.3%
Retail stores
$1.5M
+37.2%
Commercial (general)
$1.4M
+23.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,465,000
6.5%
$1,355,000
7%
$1,255,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,095,000
Current use
AUTO REPAIR, GARAGE
$1,645,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$1,505,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,350,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$925,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.28M (Jan 9 2026)
Last sale anchor
$1.28M
Jan 9 2026
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
$427 / 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
$17,335
Tax year 2024
Assessed value
$686,000
Assessed 2024
Previous assessed
$711,100
-3.5% YoY
Effective rate
2.53%
On assessed value
Assessed improvement
$686,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Buildings
1
Total area
2,798 SF
Lot
0.06 ac (2,798 SF)
Zoning code
CC
APN
CBOS W:03 P:04665 S:022
UPID
US38-0629509
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
CC · Boston, MA
Zoning CC · permitted uses
CC · 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
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$925,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
Heating
NONE
Buildings
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
T&t Investments LLC
Entity
Mailing address
185 DEVONSHIRE ST FL M100, BOSTON, MA 02110-1407
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2007
$1,337,228
T&t Investments LLC
Bayview Devonshire LLC
Deed
$1,088,000 · Td Banknorth Mortgage Group
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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