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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Office buildings
223 Massachusetts Ave, Arlington, MA 02474-8401
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US38-0649867
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
FRAME
Total area
3,378 SF
Lot
0.12 ac (5,232 SF)
Zoning code
B1
APN
ARLI M:028.0 B:0003 L:0010
UPID
US38-0649867
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
-
American Elm Insurance Group Insurance Agency
-
Dudley & Borland/Ellis & Andrews Insurance Company Insurance Agency
-
Gbec Electronics & Wireless Store
-
House Calls Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$500k
Owner & transaction history
Quinn,patrick J Tr · 16 yrs held
Quinn,patrick J Tr
since 2010
7 recorded transactions
Zoning & alternative use
B1 · Arlington, 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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$740,000
Current use
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$148 / 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
$12,824
Tax year 2024
Assessed value
$1,211,000
Assessed 2024
Previous assessed
$1,211,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$803,100
Assessed improvement
$407,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
3,378 SF
Lot
0.12 ac (5,232 SF)
Zoning code
B1
APN
ARLI M:028.0 B:0003 L:0010
UPID
US38-0649867
Jurisdiction
ARLINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B1 · Arlington, MA
Zoning B1 · permitted uses
B1 · Arlington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$740,000
OFFICE BUILDING Current
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
1956
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Quinn,patrick J Tr
Individual
Mailing address
223 MASSACHUSETTS AVE, ARLINGTON, MA 02474-8401
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2010
$1
Quinn,patrick J Tr
223 Mass Avenue LLC
Grant Deed
—
Apr 29, 2010
—
223 Massachusetts Ave Nt
—
Grant Deed
related
$630,000 · Leader Bank NA
Nov 5, 2009
$1
223 Mass Avenue Nt
223 Mass Avenue Nt
Grant Deed
related
—
Jun 17, 2004
$850,000
223 Mass Ave Nt
Alderwoods Massachusetts
Grant Deed
$677,500 · Central Cooperative Bank
Oct 16, 1992
$424,000
Eastrn Ma Hldgs Loewen
Country Way T
Grant Deed
—
Nov 15, 1991
—
Way T Country
—
Deed Of Trust
related
$500,000 · Medford Savings Bank
Jul 27, 1987
—
David J Gaffey
—
Deed Of Trust
related
$50,000 · Scituate Fsla
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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