Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    240-242 Tremont St Boston, MA 02116

    • Hotels
    • 95,000 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $2,470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1850434
    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

    • harvard shool of dental medicine / College

    Property Details for 240-242 Tremont St

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    0.28 lot acres
    Property size
    95,000 SF
    Zone code
    C
    Property type
    Hotels
    APN
    CBOS W:03 P:05648 S:000
    APU
    CBOSW03P05648S000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,180,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0646
    Latitude
    42.3509
    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
    $1,821,818
    $14,301,000
    $57,793,100
    $72,094,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8.63 Acres

      200 Stuart St

      HOTEL • 8.63 Acres
      200 Stuart St, Boston, MA 02116-5442
      View Details
    • Value Estimation
      $22,750,000
      990,828 SF

      110 Huntington Ave

      HOTEL • 990,828 SF
      110 Huntington Ave, Boston, MA 02116-5706
      View Details
    • Value Estimation
      $715,000
      20,000 SF

      79 Berkeley St

      HOTEL-RESORT • 20,000 SF
      79 Berkeley St, Boston, MA 02116
      View Details
    • Value Estimation
      $580,000
      6,340 SF

      99 Saint Botolph St

      HOTEL • 6,340 SF
      99 Saint Botolph St, Boston, MA 02116-6404
      View Details
    • Value Estimation
      $540,000
      1.85 Acres

      2 Commonwealth Ave

      HOTEL • 1.85 Acres
      2 Commonwealth Ave, Boston, MA 02116-3134
      View Details
    • Value Estimation by Request
      13,620 SF

      655 Boylston St

      HOTEL • 13,620 SF
      655 Boylston St, Boston, MA 02116-2804
      View Details

    Similar Nearby for Sale

    • $4,999,000

      Waterside Cooperative with River Views

      Spacious Back Bay home with direct elevator access and parking.
      282 Beacon St, Boston, MA 02116
      View Details
    • $22,000,000

      Bay Village Portfolio For Sale

      Portfolio of four brownstone buildings with 58 furnished short-term rental units.
      1-5 Cortes St, Boston, MA 02116
      View Details
    • Contact for pricing

      Furnished Short-Term Rentals in Boston

      Collection of 127 furnished short-term rentals in Boston's premier neighborhoods.
      Maverick Suites, Boston, MA 02116
      View Details
    • $9,950,000

      Historic Crowninshield House For Sale

      Historic 4-story brick building ready for conversion or restoration.
      164 Marlborough St, Boston, MA 02116
      View Details
    • $2,000,000

      Retail Condo on Newbury Street

      Retail condo for sale on Newbury Street in Boston.
      249 Newbury St, Boston, MA 02116
      View Details
    • $8,300,000

      Back Bay Multifamily Investment

      Fully leased 7-unit brownstone in prime Back Bay location.
      176 Commonwealth Ave, Boston, MA 02116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Columbus Ave Retail Space

      Prime Boston location, 6,000 SF retail/restaurant.
      321 Columbus Ave, Boston, MA 02116
      View Details
    • Contact for pricing

      Retail Space Near Prudential Center

      Retail space with reception area and private treatment rooms.
      209 Newbury St, Boston, MA 02116
      View Details
    • Contact for pricing
      26,425 SF

      Boylston Street Penthouse Office Space

      Penthouse office space with balconies on Boylston Street.
      425 Boylston St, Boston, MA 02116
      View Details
    • Contact for pricing
      40,000 SF

      Prime Boylston Street Office Space

      Office space for lease on vibrant Boylston Street.
      437 Boylston St, Boston, MA 02116
      View Details
    • Contact for pricing
      7,850 SF

      Office Space in Back Bay

      Office space available in Boston's Back Bay neighborhood.
      85 Newbury St, Boston, MA 02116
      View Details
    • Contact for pricing
      6,768 SF

      Retail Space on Newbury Street

      Retail space available on Newbury Street in Boston, MA.
      255 Newbury St, Boston, MA 02116
      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.
    240-242 Tremont St
    Boston, MA 02116
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.