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    235 Old Colony Ave Boston, MA 02127

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    235 Old Colony Ave Boston, MA 02127

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    • Investment properties
    • 219,966 SF
    • 1.37 lot acres
    For Lease
    $11,750,000
    View Listing →
    Retail Spaces Available For Rent For Lease
    $11,750,000
    10,000 SF

    Retail Spaces Available For Rent

    Retail spaces available, ranging from 2,032 to 10,000 SqFt.

    South Standard 235 Old Colony Ave, Boston, MA 2127
    View Listing
    Property ID
    US38-0018445
    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

    • Washington Village / Apartment Complex
    • South Standard / Real Estate Agency

    Property Details for 235 Old Colony Ave

    Year built
    2021
    Lot size
    1.37 lot acres
    Property size
    219,966 SF
    Zone code
    RC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    CBOS W:07 P:00238 S:200
    APU
    CBOSW07P00238S200

    Description

    This exceptional retail opportunity is located at 235 Old Colony Ave in Boston, Massachusetts, within Suffolk County (zip code 02127). The property, known as South Standard, comprises eight buildings totaling 16,578 square feet on a 4.9-acre lot. Currently, 10,183 square feet of retail space is available for lease, offering flexible options for multiple tenants. Units range from a minimum of 2,032 square feet to a maximum contiguous space of 8,151 square feet, catering to a variety of business needs. The property boasts a significant advantage with 600 parking spaces, ensuring ample convenience for customers and employees. The property type is classified as Street Retail and Store Front, providing excellent visibility and accessibility. This location presents a unique chance to establish or expand a retail presence in a vibrant Boston neighborhood. The property's size and parking capacity make it ideal for a variety of retail concepts. Inquire today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,875,000
      6.5%
      $9,115,000
      7%
      $8,465,000

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

    Location Insight

    • Map
    • Local Demand
    City
    South Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0538
    Latitude
    42.3318
    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
    $18,879,500
    $36,905,300
    $55,784,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
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      88,689 SF

      1st E St

      OFFICE/RESIDENTIAL (MIXED USE) • 88,689 SF
      1st E St, South Boston, MA 02127
      View Details
    • Value Estimation
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      3,781 SF

      573-573A Dorchester Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,781 SF
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      View Details
    • Value Estimation by Request
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      381 Dorchester St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,650 SF
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    • Value Estimation by Request
      100 SF

      Seaport Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 100 SF
      Seaport Blvd, South Boston, MA 02127
      View Details
    • Value Estimation
      $4,270,000
      16,235 SF

      391-393 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 16,235 SF
      391-393 Broadway, South Boston, MA 02127
      View Details

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      2,200 SF

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      1,680 SF

      Repurposed Manufacturing Space for Lease

      75,000 SF of repurposed space in South Boston.
      58-70 Old Colony Ave, South Boston, MA 02127
      View Details
    • $72 SF/Yr

      Retail Space with Full Basement

      1,585 SF retail space with full basement available now.
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      15,000 SF

      Industrial Space Available

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      Retail Space on West Broadway

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      View Details
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      View Details
    View Listing
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    235 Old Colony Ave
    Boston, MA 02127
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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.

    More about this property
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