Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    246 Berkeley St, Unit 260 Boston, MA 02118-2208

    • Manufacturing properties
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0353707
    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

    • Manufacturing properties

    Property Details for 246 Berkeley St

    Lot size
    0.14 lot acres
    Zone code
    I
    Property type
    Manufacturing properties
    APN
    CBOS W:03 P:06601 S:000
    APU
    CBOSW03P06601S000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0633
    Latitude
    42.3434
    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
    $100,811
    $989,720
    $2,999,650
    $3,989,370
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $370,000
      5,593 SF

      40 Plympton St

      MANUFACTURING (LIGHT) • 5,593 SF
      40 Plympton St, Boston, MA 02118-2554
      View Details
    • Value Estimation
      $330,000
      16,400 SF

      45-47 Wareham St

      MANUFACTURING (LIGHT) • 16,400 SF
      45-47 Wareham St, Boston, MA 02118
      View Details
    • Value Estimation
      $365,000
      18,060 SF

      35-37 Wareham St

      MANUFACTURING (LIGHT) • 18,060 SF
      35-37 Wareham St, Boston, MA 02118
      View Details
    • Value Estimation
      $565,000
      0.61 Acres

      Southampton St

      MANUFACTURING (LIGHT) • 0.61 Acres
      Southampton St, Boston, MA 02118
      View Details
    • Value Estimation
      $750,000
      21,753 SF

      274 Southampton St

      MANUFACTURING (LIGHT) • 21,753 SF
      274 Southampton St, Boston, MA 02118-2723
      View Details
    • Value Estimation
      $700,000
      50,260 SF

      49 Wareham St, Unit 59

      MANUFACTURING (LIGHT) • 50,260 SF
      49 Wareham St, Boston, MA 02118-2428
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,272 SF

      Office Building Near Route 93

      Office building with owner-occupant opportunity near Boston.
      139-527 Albany St, Boston, MA 02118
      View Details
    • $4,000,000

      Historic Multifamily Residence in Boston

      Multifamily residence in Boston, constructed in 1910, with parking.
      87 Pembroke St, Boston, MA 02118
      View Details
    • $2,999,000
      3,226 SF

      South End Multifamily with Roofdeck

      Charming South End multifamily with roof deck and parking.
      21 E Concord St, Boston, MA 02118
      View Details
    • $3,000,000
      43,755 SF

      Multifamily Property in Boston, MA

      Multifamily property with value-add potential and extraordinary amenities.
      211 W Springfield St, Boston, MA 02118
      View Details
    • Contact for pricing
      9,953 SF

      Development Opportunity Near Transit

      Two parcels totaling 0.567 acres near public transportation.
      3875 Washington St, Boston, MA 02118
      View Details
    • $130,000
      1 SF

      Garage Parking Space in SOWA

      Garage parking space for sale in Boston's South End.
      40 Fay St, Boston, MA 02118
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      53,328 SF

      Versatile South End Facility

      53,000 SF Office/Flex & Industrial/Warehouse space for rent.
      1071 Washington Street Pl, Boston, MA 02118
      View Details
    • Contact for pricing
      21,900 SF

      Versatile Flex/Industrial Space Available

      53,000 SF flex/industrial space in the South End.
      1071 Washington St, Boston, MA 02118
      View Details
    • $280 SF/Yr

      Underground Parking Space in Fenway

      Covered parking space in a convenient Fenway/South End location.
      3 Douglass Park, Boston, MA 02118
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Downtown Boston

      Commercial space with high visibility and access to transportation.
      1033 Massachusetts Ave, Boston, MA 02118
      View Details
    • Contact for pricing
      1,435 SF

      Retail Space in Luxury Residences

      Retail space in Boston's vibrant South End neighborhood.
      88 Wareham St, Boston, MA 02118
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space in South End

      1,700 SF retail space in desirable South End.
      16-24 Union Park St, Boston, MA 02118
      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.
    246 Berkeley St, Unit 260
    Boston, MA 02118-2208
    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.