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

    26 Exeter St Boston, MA 02116-2711

    • Turn key restaurants
    • 56,518 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Feb 02, 2024
    $14,500,000
    Value Estimations
    $14,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1247786
    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

    • Kingsley Montessori School / Preschool / Private Educational Institution
    • Exeter Street Theatre / Movie Theater
    • Avanti Solutions M&A Advisory Services / Computer Service
    • 26 Exeter St Parking / Parking Lot

    Property Details for 26 Exeter St

    Year built
    1899
    Construction
    BRICK
    Lot size
    0.28 lot acres
    Property size
    56,518 SF
    Zone code
    C
    Property type
    Turn key restaurants
    APN
    CBOS W:05 P:01376 S:000
    APU
    CBOSW05P01376S000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $14,500,000
      ML approach
      $14,500,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0797
    Latitude
    42.3506
    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
    $852,198
    $12,391,700
    $21,332,000
    $33,723,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $425,000
      5,280 SF

      569 Boylston St

      RESTAURANT • 5,280 SF
      569 Boylston St, Boston, MA 02116-3745
      View Details
    • Value Estimation
      $430,000
      0.07 Acres

      793 Boylston St

      RESTAURANT • 0.07 Acres
      793 Boylston St, Boston, MA 02116-2603
      View Details
    • Value Estimation by Request

      51-53 Boylston St

      RESTAURANT
      51-53 Boylston St, Boston, MA 02116
      View Details
    • Value Estimation
      $710,000
      129,636 SF

      704 Boylston St, Unit 712

      RESTAURANT • 129,636 SF
      704 Boylston St, Boston, MA 02116-2813
      View Details
    • Value Estimation
      $385,000
      7,260 SF

      253 Tremont St, Unit 261

      RESTAURANT • 7,260 SF
      253 Tremont St, Boston, MA 02116-5607
      View Details
    • Value Estimation
      $2,160,000
      1,420 SF

      228 Tremont St

      RESTAURANT • 1,420 SF
      228 Tremont St, Boston, MA 02116-4706
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Vented Restaurant Condo For Sale

      Restaurant condo available in Boston's vibrant Restaurant & Performing Arts District.
      500-700 Tremont St, Boston, MA 02116
      View Details
    • $350,000

      Single Parking Space For Sale

      Single parking space along the waterside on Back Street.
      244 Beacon St, Boston, MA 02116
      View Details
    • $4,990,000
      7,335 SF

      Prime Back Bay Commercial Property

      Exceptional commercial space in Boston's Back Bay neighborhood.
      170 Commonwealth Ave, 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
    • $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

    Similar Nearby for Lease

    • Contact for pricing

      Prime Back Bay Retail Space

      4,754 SF Endcap Retail in Boston
      95 Berkeley St, Boston, MA 02116
      View Details
    • Contact for pricing
      2,194 SF

      South End Retail Space For Lease

      Prime 2,194 sq ft storefront. High ceilings.
      496 Tremont St, Boston, MA 02116
      View Details
    • Contact for pricing
      1,889 SF

      Prime Suffolk County Retail Space

      1,889 sq ft storefront for lease
      490 Tremont St, Boston, MA 02116
      View Details
    • $9,000 /Mo

      Restaurant Row Two-Floor Retail Space

      Rare two-floor retail space in Boston's vibrant South End.
      540 Tremont St, Boston, MA 02116
      View Details
    • Contact for pricing
      3,500 SF

      Restaurant Space on Newbury Street

      3,500 SF restaurant space for lease in Back Bay.
      279 A Newbury St, Boston, MA 02116
      View Details
    • Contact for pricing
      1,025 SF

      Prime Retail Space on Boylston

      High-visibility retail/café space in Boston's Back Bay neighborhood.
      675-699 Boylston 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.
    26 Exeter St
    Boston, MA 02116-2711
    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.