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

    37 Central Ave Milton, MA 02186

    • Investment properties
    • 2,238 SF
    • 0.16 lot acres
    For Lease
    View listing
    $30 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0327793
    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

    • Cambridgeport Construction / Construction Company / Consultant
    • Sarah Scale Design Studio / Interior Designer

    Property Details for 37 Central Ave

    Year built
    1925
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    2,238 SF
    Zone code
    B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    MILT M:E B:023 L:24
    APU
    MILTMEB023L24

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0736
    Latitude
    42.2693
    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
    $0.00
    $369,400
    $416,300
    $785,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $855,000
      6,270 SF

      3 Blvd St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,270 SF
      3 Blvd St, Milton, MA 02186-5400
      View Details
    • Value Estimation
      $930,000
      5,789 SF

      267 Thacher St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,789 SF
      267 Thacher St, Milton, MA 02186-3247
      View Details
    • Value Estimation
      $610,000
      5,103 SF

      524 Adams St, Unit 530

      OFFICE/RESIDENTIAL (MIXED USE) • 5,103 SF
      524 Adams St, Milton, MA 02186-5640
      View Details
    • Value Estimation
      $520,000
      1,612 SF

      24 Frst St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,612 SF
      24 Frst St, Milton, MA 02186-5214
      View Details
    • Value Estimation by Request
      2,634 SF

      400 Granite Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,634 SF
      400 Granite Ave, Milton, MA 02186-5608
      View Details
    • Value Estimation
      $1,415,000
      4,288 SF

      440 Granite Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,288 SF
      440 Granite Ave, Milton, MA 02186-5608
      View Details

    Similar Nearby for Sale

    • $999,000

      Charming Two-Family Home in Milton

      Two-unit property with investment potential and convenient location.
      418 Pleasant St, Milton, MA 02186
      View Details
    • $825,000
      2,653 SF

      Milton Two-Family Home Opportunity

      Two-family home in Milton with classic charm and great potential.
      1 Chilton Park, Milton, MA 02186
      View Details
    • $1,295,000

      Charming Two-Family Home

      Spacious two-family home with separate utilities and expansion potential.
      15 Fairfax Rd, Milton, MA 02186
      View Details
    • $1,575,000

      Renovated Duplex in Prime Location

      2016 renovated duplex near schools, parks, dining, and shopping.
      403-405 Reedsdale Rd, Milton, MA 02186
      View Details
    • $1,285,000
      2,785 SF

      Updated Multifamily Home in Milton

      Updated two-family home in desirable Milton location near I-93.
      112 Brush Hill Rd, Milton, MA 02186
      View Details
    • $1,595,000

      Prime Milton Parcel Near Blue Hills

      1.74 acre lot near Eustis Estate and Blue Hills Reservation.
      1386 Canton Ave, Milton, MA 02186
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,732 SF

      Office Space in Milton, MA

      Available office space in Milton, Massachusetts, totaling 1,732 square feet.
      500 Granite Ave, Milton, MA 02186
      View Details
    • $37 SF/Yr

      Granite Street Commercial Space Available

      Commercial space available for rent on Granite Street.
      502 Granite St, Milton, MA 02186
      View Details
    • $40 SF/Yr
      2,520 SF

      Retail Space in Milton

      Retail space available for lease in Milton, Massachusetts.
      334 Granite Ave, Milton, MA 02186
      View Details
    • $10 SF/Yr
      6,249 SF

      Milton, MA Office Space for Lease

      Flexible Workspace Solutions in Milton, MA
      2 Granite Ave, Milton, MA 02186
      View Details
    • Contact for pricing
      7,122 SF

      Milton Office Space Available

      7,122 square feet of office space for rent.
      610 Adams St, Milton, MA 02186
      View Details
    • $30 SF/Yr
      1,500 SF

      Office Space Available For Rent

      Office space available for rent in Milton, MA.
      37 Central Ave, Milton, MA 02186
      View Details

    Property Visit Statistics

    • Visits by month
      2.6k
    • Visitors by month
      3.2k
    • Avg Time on site
      33 min
    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.
    37 Central Ave
    Milton, MA 02186
    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.