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

    289-289A Dorchester St South Boston, MA 02127

    • Turn key restaurants
    • 1,760 SF
    • 0.02 lot acres
    OFF-MARKET
    Last Sale
    Mar 15, 2024
    $1,600,000
    Value Estimations
    $1,600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1246698
    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

    • Turn key restaurants

    Property Details for 289-289A Dorchester St

    Year built
    1940
    Construction
    FRAME
    Lot size
    0.02 lot acres
    Property size
    1,760 SF
    Zone code
    C
    Property type
    Turn key restaurants
    APN
    SBOS W:07 P:00476 S:000
    APU
    SBOSW07P00476S000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,600,000
      ML approach
      $1,600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $980,000
      Market price range: $640k - $1.65M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,185,000
      Current use
      OFFICE BUILDING
      $1,080,000
      Change: -9% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,035,000
      Change: -13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $990,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    South Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0528
    Latitude
    42.332
    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
    $9,264
    $105,100
    $261,500
    $366,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,633 SF

      32-34 Broadway

      RESTAURANT • 2,633 SF
      32-34 Broadway, South Boston, MA 02127
      View Details
    • Value Estimation
      $8,415,000
      15,026 SF

      30 3rd St, Unit 40

      RESTAURANT • 15,026 SF
      30 3rd St, South Boston, MA 02127-1118
      View Details
    • Value Estimation by Request
      6,140 SF

      425-427 Broadway

      RESTAURANT • 6,140 SF
      425-427 Broadway, South Boston, MA 02127
      View Details
    • Value Estimation
      $2,935,000
      3,613 SF

      212 Old Colony Ave

      RESTAURANT • 3,613 SF
      212 Old Colony Ave, South Boston, MA 02127-2414
      View Details
    • Value Estimation by Request
      0.06 Acres

      50 3rd St

      RESTAURANT • 0.06 Acres
      50 3rd St, South Boston, MA 02127
      View Details
    • Value Estimation by Request
      0.03 Acres

      25 Bolton St

      RESTAURANT • 0.03 Acres
      25 Bolton St, South Boston, MA 02127
      View Details

    Similar Nearby for Sale

    • $2,150,000

      South Boston Commercial Condo For Sale

      3,600 SF commercial condo in vibrant South Boston neighborhood.
      81 A St, Boston, MA 02127
      View Details
    • $150,000

      Outdoor SUV Parking Spot For Sale

      Outdoor SUV parking spot for sale in Boston.
      565 E 8Th St, Boston, MA 02127
      View Details
    • $899,000
      1,072 SF

      Prime Retail Space in Boston

      Exceptional hair salon in a vibrant Boston neighborhood.
      330 West 2Nd St, Boston, MA 02127
      View Details
    • $399,000

      Unique Retail Space in Boston

      337 sq ft retail space with exposed brick features.
      247-251 D St #Com3, Boston, MA 02127
      View Details
    • $9,700,000

      Redevelopment Opportunity with USPS Tenant

      Single-story building with redevelopment potential, currently leased to USPS.
      444 East 3Rd St, Boston, MA 02127
      View Details
    • $150,000

      Garage Parking on K Street

      Garage parking for sale with excellent rental history.
      400-R K 17, Boston, MA 02127
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      Restaurant Space with Full Basement

      2,200 SF restaurant space with prep kitchen and seating.
      324 A St, Boston, MA 02127
      View Details
    • $60 SF/Yr

      South Boston Retail/Cafe Space

      Prime retail space above the South Boston Broadway MBTA station.
      11 West Broadway R1, Boston, MA 02127
      View Details
    • $70 SF/Yr

      Spacious Two-Level Commercial Restaurant Space

      Two-level commercial space suitable for a restaurant, available Q3 2024.
      400 West Broadway, Boston, MA 02127
      View Details
    • Contact for pricing
      7,365 SF

      Repurposed Manufacturing Space Available

      7365 SF retail/restaurant space in historic South Boston warehouse.
      20-70 Old Colony Ave, South Boston, MA 02127
      View Details
    • Contact for pricing
      2,925 SF

      Repurposed Manufacturing Space for Lease

      75,000 SF repurposed space in South Boston.
      54 Old Colony Ave, South Boston, MA 02127
      View Details
    • Contact for pricing
      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
    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.
    289-289A Dorchester St
    South Boston, MA 02127
    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.