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    Property profile & analytics

    212 Old Colony Ave South Boston, MA 02127-2414

    • Turn key restaurants
    • 3,613 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $2,940,000
    Last Sale
    Mar 17, 2023
    $2,815,000
    Location Intelligence
    Property ID
    US38-1341980
    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

    • Turn key restaurants

    Property Details for 212 Old Colony Ave

    Year built
    1940
    Construction
    BRICK
    Lot size
    0.13 lot acres
    Property size
    3,613 SF
    Zone code
    C
    Property type
    Turn key restaurants
    APN
    SBOS W:07 P:00426 S:000
    APU
    SBOSW07P00426S000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,945,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,945,000
      6.5%
      $2,470,000
      7%
      $2,645,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,160,000
      Geo Method
      $2,815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,100,000
      Retail
      $3,180,000
      Mixed-Use
      $2,540,000
      Hospitality
      $2,730,000
      Educational
      $2,660,000
      Residential Income
      $3,240,000
      Energy
      $2,420,000
      Income-Based Land
      $3,110,000
      Food Service
      $2,685,000

    Location Insight

    • Map
    • Local Demand
    City
    South Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0535
    Latitude
    42.3328
    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
    $15,865
    $386,600
    $241,200
    $627,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,633 SF

      32-34 Broadway

      RESTAURANT • 2,633 SF
      32-34 Broadway, South Boston, MA 02127
      View Details
    • Value Estimation
      $8,455,000
      15,026 SF

      30 3rd St, Unit 40

      RESTAURANT • 15,026 SF
      30 3rd St, South Boston, MA 02127-1118
      View Details
    • Value Estimation by Request
      2,698 SF

      112th Emerson St

      RESTAURANT • 2,698 SF
      112th Emerson St, South Boston, MA 02127-1416
      View Details
    • Value Estimation by Request
      2,086 SF

      75 Old Colony Ave

      RESTAURANT • 2,086 SF
      75 Old Colony Ave, South Boston, MA 02127-2404
      View Details
    • Value Estimation by Request
      14,205 SF

      443-443B Broadway

      RESTAURANT • 14,205 SF
      443-443B Broadway, South Boston, MA 02127
      View Details
    • Value Estimation
      $245,000
      0.02 Acres

      112-114 Emerson St

      RESTAURANT • 0.02 Acres
      112-114 Emerson St, South Boston, MA 02127
      View Details

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    Similar Nearby for Lease

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      1,680 SF

      Repurposed Manufacturing Space for Lease

      75,000 SF of repurposed space in South Boston.
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      View Details
    • $70 SF/Yr

      Two-Level Commercial/Restaurant Space

      Spacious two-level property suitable for commercial or restaurant use.
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      7,365 SF

      Repurposed Manufacturing Space Available

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    • Contact for pricing
      2,925 SF

      Repurposed Manufacturing Space for Lease

      75,000 SF repurposed space in South Boston.
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      View Details
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    212 Old Colony Ave
    South Boston, MA 02127-2414
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    Realmo Value Estimation

    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.

    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.

    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
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