Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    227-231 Babcock St Brookline, MA 02446

    • Hospitals
    • 25,584 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    $4,390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0493606
    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

    • Hospitals

    Property Details for 227-231 Babcock St

    Year built
    1944
    Construction
    CONCRETE
    Lot size
    0.56 lot acres
    Property size
    25,584 SF
    Zone code
    M10
    Property type
    Hospitals
    APN
    BROO B:027 L:0032 S:0034
    APU
    BROOB027L0032S0034

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,799,000
      Market price range: $1.40M - $4.80M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,925,000
      Current use
      COMMERCIAL (GENERAL)
      $4,980,000
      Change: +70% Conversion: Easy
      RESTAURANT
      $4,560,000
      Change: +56% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,075,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookline
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1211
    Latitude
    42.3507
    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
    $183,093
    $3,438,900
    $7,718,500
    $11,157,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $580,000
      3,069 SF

      57 Dwight St

      HOSPITAL - PRIVATE • 3,069 SF
      57 Dwight St, Brookline, MA 02446-3334
      View Details
    • Value Estimation
      $870,000
      4,359 SF

      91 Babcock St

      HOSPITAL - PRIVATE • 4,359 SF
      91 Babcock St, Brookline, MA 02446-5912
      View Details
    • Value Estimation
      $1,590,000
      34,830 SF

      99 Park St

      HOMES (RETIRED, NURSING) • 34,830 SF
      99 Park St, Brookline, MA 02446-4406
      View Details
    • Value Estimation
      $915,000
      4,574 SF

      111 Harvard St

      MEDICAL BUILDING • 4,574 SF
      111 Harvard St, Brookline, MA 02446-6427
      View Details
    • Value Estimation
      $4,510,000
      27,418 SF

      209 Harvard St

      MEDICAL BUILDING • 27,418 SF
      209 Harvard St, Brookline, MA 02446-5071
      View Details
    • Value Estimation
      $10,045,000
      62,554 SF

      1101 Beacon St

      MEDICAL BUILDING • 62,554 SF
      1101 Beacon St, Brookline, MA 02446-5587
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.23 Acres

      Brookline Commercial Space - Prime Location

      1700 sq ft Flex Space, $4500/month, Triple Net.
      2 Summit Ave, 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

      Brookline Multifamily Investment Opportunity

      Three-unit residential building in prime Brookline location near public transit.
      181 Harvard 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

      Prime Washington Square Triplex

      Three-family property in desirable location, perfect for development or investment.
      1572 Beacon St, Brookline, MA 02446
      View Details
    • $1,999,999

      Coolidge Corner Two-Family Home

      Two-family home in desirable Coolidge Corner, Brookline. Excellent investment opportunity.
      589-591 Washington St, Brookline, MA 02446
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Suite in Brookline Complex

      520 SF suite ideal for medical, retail, or professional services.
      10 Lancaster Ter, Brookline, MA 02446
      View Details
    • Contact for pricing

      Versatile Suite in Brookline

      510 SF suite ideal for medical, retail, or professional services.
      10 Lancaster Ter, Brookline, MA 02446
      View Details
    • Contact for pricing
      165,000 SF

      Brookline Office Space on Beacon

      Second-floor office suite in Brookline's Washington Square district.
      1560 Beacon St, Brookline, MA 02446
      View Details
    • Contact for pricing
      150,383 SF

      Washington Square Office Suite

      2,200 SF office suite in Brookline's Washington Square.
      1560 Beacon St, Brookline, MA 02446
      View Details
    • Contact for pricing
      469 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

      Prime Retail Space Near BU

      Exceptional retail opportunity near Boston University's main campus.
      Brookline, MA 02446
      View Details
    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.
    227-231 Babcock St
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!