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    219 Western Ave Boston, MA 02134

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    219 Western Ave Boston, MA 02134

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    • Investment properties
    • 419,722 SF
    • 2.03 lot acres
    For Lease
    $16,230,000
    View Listing →
    Retail Space in North Allston For Lease
    $16,230,000

    Retail Space in North Allston

    Retail space in a growing, dense neighborhood near Harvard.

    219 Western Ave, Boston, MA 2134
    View Listing
    Property ID
    US38-2200339
    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

    • Continuum / Real Estate Agency
    • Chase ATM / Atm
    • Quest Eternal / Resort

    Property Details for 219 Western Ave

    Year built
    2014
    Construction
    STEEL FRAME
    Lot size
    2.03 lot acres
    Property size
    419,722 SF
    Zone code
    RC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    ALLS W:22 P:00534 S:010
    APU
    ALLSW22P00534S010

    Description

    Located at 219 Western Ave, Boston, MA 02134, Continuum offers exceptional retail space within the vibrant Barry's Corner neighborhood of North Allston. This 34,000 square foot retail center is ideally situated on Harvard Business School's campus and is surrounded by 325 luxury residential units, ensuring a high volume of foot traffic and a strong customer base. Currently, there are multiple spaces available, with a minimum divisible space of 3,785 square feet and a maximum contiguous space of 8,324 square feet. A total of 12,109 square feet is currently vacant, presenting a significant opportunity for businesses seeking prime retail space in a rapidly growing area. The property is in Suffolk County and benefits from its location within a thriving community featuring a diverse range of restaurants and retail establishments along Western Avenue. This makes Continuum an attractive location for businesses looking to establish a strong presence in a densely populated and affluent area of Boston. The property's strategic location and the surrounding residential development create a unique opportunity for businesses to thrive in a dynamic and expanding market. This is a rare chance to secure retail space in a highly desirable location within Boston's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $18,840,000
      6.5%
      $17,390,000
      7%
      $16,150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Allston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.1302
    Latitude
    42.3636
    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
    $32,843,000
    $93,696,700
    $126,539,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      12,764 SF

      48-50 Franklin St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,764 SF
      48-50 Franklin St, Allston, MA 02134
      View Details
    • Value Estimation
      $1,115,000
      3,808 SF

      599 Cambridge St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,808 SF
      599 Cambridge St, Allston, MA 02134-2436
      View Details
    • Value Estimation
      $4,685,000
      16,876 SF

      145 Brighton Ave, Unit 155

      OFFICE/RESIDENTIAL (MIXED USE) • 16,876 SF
      145 Brighton Ave, Allston, MA 02134-2802
      View Details
    • Value Estimation
      $2,170,000
      12,908 SF

      74 Glenville Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 12,908 SF
      74 Glenville Ave, Allston, MA 02134-3441
      View Details
    • Value Estimation
      $3,400,000
      13,398 SF

      4 Glenville Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 13,398 SF
      4 Glenville Ave, Allston, MA 02134
      View Details
    • Value Estimation
      $4,755,000
      19,770 SF

      68 Barrows St

      OFFICE/RESIDENTIAL (MIXED USE) • 19,770 SF
      68 Barrows St, Allston, MA 02134
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,552 SF

      Allston Three-Family Income Property

      Three-unit property in Allston near Boston Landing and Harvard.
      35 Adamson St, Boston, MA 02134
      View Details
    • $1,449,900
      2,743 SF

      Two-Family Residence in Lower Allston

      Prime location near Boston Landing and Harvard. Income-producing property.
      5 Alcott St, Boston, MA 02134
      View Details
    • $3,750,000
      2.30 Acres

      Allston/Brighton Development Opportunity

      Two-family homes, 2.3 acres, prime location
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      17,410 SF

      Allston Development Opportunity: 20 Units

      Development opportunity in Allston: approved plans for 20 residential units.
      556 Cambridge Street Ave, Boston, MA 02134
      View Details
    • Contact for pricing
      3,552 SF

      Allston Three-Family Income Property

      Three-unit property in Allston near Boston Landing and Harvard.
      35 Adamson St, Boston, MA 02134
      View Details
    • $1,449,900
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      Allston Two-Family Residence

      Two-family property near Boston Landing and Harvard.
      5 Alcott St, Boston, MA 02134
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    Similar Nearby for Lease

    • Contact for pricing

      Office Space Near Transit Hub

      Office space with hardwood floors, high ceilings, and transit access.
      119 Braintree St, Boston, MA 02134
      View Details
    • Contact for pricing

      Industrial-Style Office Space Available

      First-floor office space with industrial feel, full kitchen.
      119 Braintree St, Boston, MA 02134
      View Details
    • Contact for pricing
      3,785 SF

      Allston Retail Space For Rent

      Retail space with existing infrastructure in a growing neighborhood.
      211-219 Western Ave, Allston, MA 02134
      View Details
    • Contact for pricing
      15,802 SF

      Financial District Office Space

      23-story office building in Boston's Financial District.
      260 Franklin St, Boston, MA 02134
      View Details
    • $60 SF/Yr

      Commonwealth Avenue Retail Space Available

      Retail space near public transport and high-traffic retailers.
      1211 Commonwealth Ave, Boston, MA 02134
      View Details
    • $29 SF/Yr

      Renovated Office Space Sub-Lease

      Recently renovated 6,846 SF office space available for sublease.
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      View Details
    View Listing
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    Boston, MA 02134
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    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.

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    219 Western Ave, Boston, MA, 02134

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