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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Office buildings
23-25 Meridian St, East Boston, MA 02128
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1437094
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
BRICK
Total area
2,640 SF
Lot
0.03 ac (1,476 SF)
Zoning code
C
APN
EBOS W:01 P:05686 S:000
UPID
US38-1437094
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.40M
Owner & transaction history
23 Meridian LLC · 2 yrs held
23 Meridian LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C · East Boston, 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 East Boston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Boston 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
$1,400,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
$1,385,000
6.5%
$1,275,000
7%
$1,185,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,620,000
Current use
AUTO REPAIR, GARAGE
$1,555,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$1,420,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (May 24 2024)
Last sale anchor
$1.40M
May 24 2024
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
$530 / 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
$9,812
Tax year 2024
Assessed value
$388,300
Assessed 2024
Previous assessed
$388,300
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$95,900
Assessed improvement
$292,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1920
Construction
BRICK
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
2,640 SF
Lot
0.03 ac (1,476 SF)
Zoning code
C
APN
EBOS W:01 P:05686 S:000
UPID
US38-1437094
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · East Boston, MA
Zoning C · permitted uses
C · East Boston, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Boston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1920
Construction
BRICK
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
23 Meridian LLC
Entity
Mailing address
23 MERIDIAN ST #25, EAST BOSTON, MA 02128-1928
Ownership since
2024
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
Feb 10, 2026
—
23 Meridian LLC
—
Deed
related
$930,000 · Bee Investments LLC
May 24, 2024
$1,400,000
23 Meridian LLC
82 Webster Street LLC
Quit Claim Arm's Length For Ne States
$1,000,000 · Meridian Realty T
Sep 8, 2022
$890,000
82 Webster St LLC
Anna R Dimaria Ret
Quit Claim Arm's Length For Ne States
—
Jun 28, 2022
—
Anna R Dimaria Ret
23 Meridian Street RT
Quit Claim Deed
related
—
Mar 3, 2008
—
23 Meridian Street RT
—
Deed Of Trust
related
$200,000 · East Boston Savings Bank
Dec 14, 2005
$1
23 Meridian Street RT
Davolio,michael A
Grant Deed
related
—
Jan 27, 1988
$250,000
Michael A Davolio
R & M Trust
Grant Deed
$200,000 · East Boston Savings Bank
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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