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Property profile & analytics
OFF-MARKET
Estimated value
$10,410,000
Investment properties
32-34 Batterymarch St, Boston, MA 02110
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-1453515
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1899
Construction
BRICK
Total area
33,250 SF
Lot
0.11 ac (4,926 SF)
Zoning code
RC
APN
CBOS W:03 P:04015 S:000
UPID
US38-1453515
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
$12.49M
Comparable Approach
Comparable
$6.87M
Blend (final)
Blend
$10.41M
Owner & transaction history
Forest Milk LLC · 9 yrs held
Forest Milk LLC
since 2017
7 recorded transactions
Zoning & alternative use
RC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,530,000
6.5%
$12,490,000
7%
$11,595,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,015,000
Current use
OFFICE BUILDING
$13,020,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$10.41M
Range $9.37M – $11.45M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$313 / SF
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
Assessed value
$16,653,700
Assessed 2024
Previous assessed
$16,966,600
-1.8% YoY
Assessed land
$3,534,200
Assessed improvement
$13,119,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1899
Construction
BRICK
Heating
NONE
Buildings
1
Stories
7
Units
28
Total area
33,250 SF
Lot
0.11 ac (4,926 SF)
Zoning code
RC
APN
CBOS W:03 P:04015 S:000
UPID
US38-1453515
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
RC · Boston, MA
Zoning RC · permitted uses
RC · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$16.0M
OFFICE BUILDING
Est. value
$13.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1899
Construction
BRICK
Heating
NONE
Stories
7
Buildings
1
Units
28
Lot
0.11 ac
Current owner
From public records · entity-resolved
Forest Milk LLC
Entity
Mailing address
60 TEMPLE PL FL, BOSTON, MA 02111-1324
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2017
$25,000,000
Forest Milk LLC
Bmbm LLC
Quit Claim Deed
related
$19,250,000 · Miscellaneous Ins Co
Apr 11, 2013
—
Bmbm LLC
—
Deed Of Trust
related
$9,500,000 · East Boston Savings Bank
Apr 24, 2012
—
Bmbm LLC
—
Deed Of Trust
related
$2,000,000 · East Boston Savings Bank
Nov 17, 2011
$4,650,000
Bmbm LLC
Perroncello,joseph F
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Oct 19, 2006
—
151 RT
—
Deed Of Trust
related
$3,800,000 · Citizens Bank Of Ma
Jul 21, 2006
—
151 RT
—
Deed Of Trust
related
$2,500,000 · Boston Private Bank
Jun 30, 2003
—
151 RT
—
Deed Of Trust
related
$2,500,000 · Century Bank & Trust Co
Dec 19, 1996
—
One Fifty One RT
—
Grant Deed
related
$1,950,000 · Citizens Bank Of Ma
Jun 26, 1996
—
151 RT
—
Deed Of Trust
related
$36,000 · Whtr Real Estate LP
Jun 25, 1996
$2,250,000
151 RT
Whtr Re LP
Grant Deed
$1,750,000 · Us Trust Co
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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