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Property profile & analytics
OFF-MARKET
Estimated value
$51,870,000
Super regional malls
199 Boylston St Chestnut Hill, MA 02467-1692
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-0447416
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
228,483 SF
Lot
7.57 ac (329,593 SF)
Zoning code
BU1
APN
NEWT S:65 B:008 L:0100
UPID
US38-0447416
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
-
Lush Cosmetics Chestnut (Bike/Boat/Book/etc) Store Cosmetic Store
-
Express Edit Women'S Clothing Store Work Clothes Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$67.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$51.87M
Owner & transaction history
Mall At Chestnut Hill LLC · 12 yrs held
Mall At Chestnut Hill LLC
since 2013
3 recorded transactions
Zoning & alternative use
BU1 · Chestnut Hill, 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 Chestnut Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chestnut Hill 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%
$73,310,000
6.5%
$67,670,000
7%
$62,835,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$75,395,000
Current use
INDUSTRIAL (GENERAL)
$72,850,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$51.87M
Range $46.68M – $57.06M · ±10%
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
$227 / 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
$1,778,532
Tax year 2024
Assessed value
$97,028,500
Assessed 2024
Previous assessed
$107,000,000
-9.3% YoY
Effective rate
1.83%
On assessed value
Assessed land
$16,812,500
Assessed improvement
$80,216,000
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
58
Rooms
60
Bathrooms
4
Total area
228,483 SF
Lot
7.57 ac (329,593 SF)
Zoning code
BU1
APN
NEWT S:65 B:008 L:0100
UPID
US38-0447416
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BU1 · Chestnut Hill, MAZoning BU1 · permitted uses
BU1 · Chestnut Hill, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$75.4M
INDUSTRIAL (GENERAL)
Est. value
$72.9M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
58
Rooms
60
Bathrooms
4
Lot
7.57 ac
Current owner
From public records · entity-resolved
Mall At Chestnut Hill LLC
Entity
Mailing address
PO BOX 6120, INDIANAPOLIS, IN 46206-6120
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2023
—
Mall At Chestnut Hill LLC
—
Deed
related
—
Oct 21, 2013
—
Mall At Chestnut Hill LLC
Chestnut Hill Res LLC
Quit Claim Deed
related
$1 · Bank Of America
Oct 18, 2013
—
Chestnut Hill Residential
C&r RT
Quit Claim Deed
related
—
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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