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Property profile & analytics

21 Merchants Row Ste 2a Boston, MA 02109-2040

  • Office Properties & Spaces
  • 1,675 SF
  • 0.04 lot acres
OFF-MARKET
Last Sale
Jun 05, 2024
$805,000
Value Estimations
$860,000
Show details
Cap Rate Potential
6.5%
Office Properties & Spaces
Location Intelligence
Property ID
US38-0834330
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.

Current Use by Public Records

  • Clarke's at Faneuil Hall / Bar & Grill / Bar
  • Boston Medical Aesthetics / Medical Spa
  • Dr. Anna Kitsos, DMD / Dentist
  • Jennifer C. Canesi, NP / Medical Spa / Nurse Practitioner
  • ATM / Atm

Property Details for 21 Merchants Row Ste 2a

Lot size
0.04 lot acres
Property size
1,675 SF
Zone code
CC
Property type
Office Properties & Spaces
APN
CBOS W:03 P:03738 S:020
APU
CBOSW03P03738S020

Description

This exceptional 4,005 square-foot executive office condominium is available for sale in a vibrant Boston location. Situated on the fourth floor of a five-story building at 21 Merchants Row, this single-tenant space offers unparalleled convenience and accessibility. The building itself boasts a diverse mix of ownership, with the first floor occupied by a casual dining establishment, creating a lively and convenient atmosphere. The property's central location provides easy access to Faneuil Hall Marketplace and Boston's Waterfront, both within a five-minute walk. Major roadways, including I-93 and the Mass Pike (I-90), are less than a mile away, ensuring seamless commutes. The building's total square footage is 21,520 square feet, with 4,005 square feet currently vacant and available for purchase. This Class C office space presents a unique opportunity, particularly given the seller's willingness to consider a leaseback arrangement for all or part of the space, offering flexible terms and pricing to suit various needs. This is a rare chance to acquire a well-situated office condominium in a thriving neighborhood known for its exceptional amenities. The building is 100% owner-occupied.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $805,000
    ML approach
    $805,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $880,000
    6.5%
    $810,000
    7%
    $755,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,136,000
    Market price range: $533k - $1.74M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $1,030,000
    Current use
    AUTO REPAIR, GARAGE
    $985,000
    Change: -4% Conversion: Difficult
    RETAIL STORES
    $900,000
    Change: -13% Conversion: Moderate

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


Location Insight

  • Map
  • Local Demand
City
Boston
County
Suffolk
State
Massachusetts
Longitude
-71.0554
Latitude
42.3594
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
$14,161
$0.00
$560,400
$560,400
-
$0.00
$0.00
$0.00
More about this property
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