Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2 Summit Ave, Unit 1 Brookline, MA 02446
    Back to Search
    Property profile & analytics

    2 Summit Ave, Unit 1, Brookline, MA 02446

    View on Map
    • Investment properties
    • 2,051 SF
    • 0.05 lot acres
    For Lease
    $4,500/Mo
    View Listing →
    Brookline Commercial Flex Space For Lease
    $4,500/Mo
    1,700 SF

    Brookline Commercial Flex Space

    1700 sq ft Brookline commercial space for rent.

    2 Summit Ave 1, Brookline, MA 2446
    View Listing
    Property ID
    US38-1744051
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Segal Insurance Agency / Insurance Agency
    • Akim Insurance / Insurance Agency

    Property Details for 2 Summit Ave

    Year built
    1890
    Construction
    FRAME
    Lot size
    0.05 lot acres
    Zone code
    M15
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BROO B:084 L:0009 S:0000
    APU
    BROOB084L0009S0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 2, 1996 $246,000 David J Segal Medoff,evelyn C Grant Deed —
    Mar 5, 1987 — Evelyn Medoff — Deed Of Trust · related $150k · Brookline Savings Bank

    Description

    This exceptional 1700-square-foot commercial space in Brookline, MA, is available immediately. Located at 2 Summit Ave, Unit 1, this property boasts a highly desirable location, just steps from Beacon Street and the "T" subway line, ensuring excellent visibility and accessibility. The space, previously used as a real estate office, offers tremendous flexibility and is suitable for a variety of uses, including office space, salon, spa, laundromat, dry cleaner, or retail establishment. The layout includes a first-floor area with a private rear office, and a finished basement featuring a half-bathroom, ample open space, and additional storage. Central air conditioning is installed. A significant advantage is the inclusion of three off-street parking spaces located at the rear of the building. The property sits on a 0.23-acre lot. This is a triple net lease at a monthly rate of $4500. The space is offered as a "build-to-suit" opportunity, allowing the tenant to customize the interior to perfectly meet their business needs. This is a rare opportunity to secure a prime commercial space in a highly sought-after Brookline location. Don't miss out!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brookline
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1258
    Latitude
    42.3414
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $779,100
    $247,200
    $1,026,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $700,000
      4,266 SF

      130 Harvard St

      OFFICE/RESIDENTIAL (MIXED USE)
      130 Harvard St, Brookline, MA 02446-6454
      View Details
    • Value Estimation
      $895,000
      8,046 SF

      3 Alton Pl

      OFFICE/RESIDENTIAL (MIXED USE)
      3 Alton Pl, Brookline, MA 02446-6483
      View Details
    • Value Estimation
      $1,905,000
      9,772 SF

      1609 Beacon St, Unit 1621

      OFFICE/RESIDENTIAL (MIXED USE)
      1609 Beacon St, Brookline, MA 02446-4602
      View Details
    • Value Estimation
      $3,090,000
      22,513 SF

      455 Harvard St

      OFFICE/RESIDENTIAL (MIXED USE)
      455 Harvard St, Brookline, MA 02446-2481
      View Details
    • Value Estimation by Request
      1.93 Acres

      1129 Beacon St, Unit 1163

      OFFICE/RESIDENTIAL (MIXED USE)
      1129 Beacon St, Brookline, MA 02446-5532
      View Details
    • Value Estimation
      $770,000
      4,413 SF

      344 Harvard St

      OFFICE/RESIDENTIAL (MIXED USE)
      344 Harvard St, Brookline, MA 02446-2942
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Brookline Mixed-Use Investment Opportunity

      Six-unit mixed-use property in the heart of Brookline, Massachusetts.
      1620 Beacon St, Brookline, MA 02446
      View Details
    • Contact for pricing
      4,480 SF

      Brookline Mixed-Use Investment Opportunity

      Six-unit mixed-use property in Brookline with retail and residential income.
      1620 Beacon St, Brookline, MA 02446
      View Details
    • Contact for pricing
      4,480 SF

      Mixed-Use Property in Brookline, MA

      Six-unit mixed-use property with retail and residential income.
      1620 Beacon St, Brookline, MA 02446
      View Details
    • Contact for pricing
      18,699 SF

      Versatile Brookline Commercial Property

      Exceptional 18,000+ sq ft commercial property near BU.
      115 Dummer St, Brookline, MA 02446
      View Details
    • Contact for pricing
      238 SF

      Coolidge Corner Office Condo

      Office condo in Brookline's Coolidge Corner with high visibility.
      1368 Beacon St, Brookline, MA 02446
      View Details
    • Contact for pricing

      Coolidge Corner Office Condo

      Office condo in Brookline's Coolidge Corner, steps to Green Line.
      1368 Beacon St, Brookline, MA 02446
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Brookline Village Office Space Available

      Recently built office space in Brookline Village for rent.
      7 Harvard Ave, Brookline, MA 02446
      View Details
    • Contact for pricing
      500 SF

      Coolidge Corner Two-Room Office

      Two-room office in Coolidge Corner, suitable for small teams.
      1318 Beacon St, Brookline, MA 02446
      View Details
    • Contact for pricing
      75 SF

      Coolidge Corner Individual Office Spaces

      Individual office spaces in the heart of Coolidge Corner.
      233 Harvard St, Brookline, MA 02446
      View Details
    • Contact for pricing

      Brookline Office Space on Beacon

      1,079 SF office suite in Washington Square.
      1560 Beacon St, Brookline, MA 02446
      View Details
    • Contact for pricing
      7,000 SF

      Medical/Office Space For Rent

      Medical/office space with immediate Green Line access.
      1101 Beacon St, Brookline, MA 02446
      View Details
    • Contact for pricing
      300 SF

      Coolidge Corner Office Space

      Renovated office space in the heart of Coolidge Corner.
      233 Harvard St, Brookline, MA 02446
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2 Summit Ave, Unit 1
    Brookline, MA 02446
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2 Summit Ave, Brookline, MA, 02446
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!