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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Retail properties & Spaces
23 Milton St Dedham, MA 02026-2914
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US38-1893687
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1820
Construction
FRAME
Total area
2,631 SF
Lot
0.08 ac (3,486 SF)
Zoning code
GB
APN
DEDH M:0112 L:0109
UPID
US38-1893687
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
-
Akiki Styles Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$735k
Blend (final)
Blend
$535k
Owner & transaction history
Mounir Akiki · 17 yrs held
Mounir Akiki
since 2009
6 recorded transactions
Zoning & alternative use
GB · Dedham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$845,000
+10.0%
Office building
$770,000
+0.2%
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 Dedham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dedham 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
$415,000
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
RETAIL STORES
$770,000
Current use
AUTO REPAIR, GARAGE
$845,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$770,000
Change: +0% · Conversion: Easy
COMMERCIAL (GENERAL)
$675,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$203 / 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
$16,144
Tax year 2024
Assessed value
$623,800
Assessed 2024
Previous assessed
$549,900
+13.4% YoY
Effective rate
2.59%
On assessed value
Assessed land
$235,200
Assessed improvement
$388,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1820
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Rooms
6
Bathrooms
3
Total area
2,631 SF
Lot
0.08 ac (3,486 SF)
Zoning code
GB
APN
DEDH M:0112 L:0109
UPID
US38-1893687
Jurisdiction
DEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
GB · Dedham, MA
Zoning GB · permitted uses
GB · Dedham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dedham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$845,000
OFFICE BUILDING
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$675,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1820
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Rooms
6
Bathrooms
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Mounir Akiki
Individual
Mailing address
23 MILTON ST, DEDHAM, MA 02026-2914
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2009
$280,000
Mounir Akiki
Youseff,tanios
Grant Deed
—
Sep 25, 2006
—
Tanios Youseff
—
Deed Of Trust
$101,000 · Fairfield Financial Mortgage
Sep 25, 2006
$505,000
Tanios Youseff
Akiki,jamal
Grant Deed
$404,000 · Fairfield Financial Mortgage
Nov 8, 2005
—
Jamal Akiki
—
Deed Of Trust
related
$450,000 · Loansnap Com INC
Jun 1, 2004
$391,000
Jamal Akiki
Guber,ida
Grant Deed
$312,800 · Accredited Home Lenders
Jun 1, 2004
—
Jamal Akiki
—
Deed Of Trust
related
$78,200 · Accredited Home Lenders
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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