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Property profile & analytics
OFF-MARKET
Theaters & concert halls
244-248 Tremont St Boston, MA 02116
Individually Owned
30-yr Hold
~
Est. High Equity
Property ID
US38-0349188
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1914
Construction
BRICK
Total area
19,084 SF
Lot
0.23 ac (10,234 SF)
Zoning code
C
APN
CBOS W:03 P:05645 S:000
UPID
US38-0349188
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tremont Entertainment · 30 yrs held
Tremont Entertainment
since 1995
7 recorded transactions
Zoning & alternative use
C · 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 Boston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$128,728
Tax year 2024
Assessed value
$5,094,100
Assessed 2024
Previous assessed
$5,109,100
-0.3% YoY
Effective rate
2.53%
On assessed value
Assessed land
$2,336,500
Assessed improvement
$2,757,600
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1914
Construction
BRICK
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
19,084 SF
Lot
0.23 ac (10,234 SF)
Zoning code
C
APN
CBOS W:03 P:05645 S:000
UPID
US38-0349188
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Boston, MA
Zoning C · permitted uses
C · Boston, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1914
Construction
BRICK
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Tremont Entertainment
Individual
Mailing address
14 CURTIS DR, NASHUA, NH 03062-1704
Ownership since
1995
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
Dec 8, 1995
$1,000,000
Tremont Entertainment
New Wilbur Theatre INC
Grant Deed
$800,000 · Atlantic Bk & Tr Co
May 26, 1989
$3,100,000
New Wilbur Theatre INC
Wilbur Theatre T
Grant Deed
related
$6,000,000 · Zwi Kohorn
Nov 10, 1988
—
Wilbur Theatre Tr
—
Deed Of Trust
related
$45,000 · Zuckerman Family Nomi
Nov 4, 1988
—
Wilbur Theatre Trust
—
Deed Of Trust
related
$104,933 · Zuckerman Family Nomi
Nov 2, 1988
—
Wilbur Theatre Trust
—
Deed Of Trust
related
$200,000 · Zeger Corp Pension Trust
Feb 8, 1988
—
Wilbur Theatre Tr
—
Deed Of Trust
related
$153,000 · Zuckerman Family Nomi
Aug 18, 1987
—
Wilbur Theatre Trust
—
Deed Of Trust
related
$45,000 · Zuckerman Family Nomi
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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