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

    3995-3997 Washington St Roslindale, MA 02131

    • Super regional malls
    • 1,320 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Sep 16, 2021
    $600,000
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    4.1%
    Super regional malls
    Location Intelligence
    Property ID
    US38-1202853
    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

    • Super regional malls

    Property Details for 3995-3997 Washington St

    Year built
    1940
    Construction
    BRICK
    Lot size
    0.09 lot acres
    Property size
    1,320 SF
    Zone code
    C
    Property type
    Super regional malls
    APN
    ROSL W:19 P:02919 S:000
    APU
    ROSLW19P02919S000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $625,000
      ML approach
      $525,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $425,000
      6.5%
      $390,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $613,000
      Market price range: $213k - $624k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $435,000
      Current use
      OFFICE BUILDING
      $810,000
      Change: +86% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $775,000
      Change: +78% Conversion: Difficult
      RETAIL STORES
      $710,000
      Change: +63% Conversion: Easy
      COMMERCIAL (GENERAL)
      $635,000
      Change: +46% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Roslindale
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.1215
    Latitude
    42.293
    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
    $8,422
    $73,600
    $259,700
    $333,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $820,000
      35,239 SF

      690 American Legion Hwy, Unit 710

      REGIONAL SHOPPING CENTER, MALL • 35,239 SF
      690 American Legion Hwy, Roslindale, MA 02131-3900
      View Details
    • Value Estimation
      $300,000
      4,784 SF

      4196 Washington St Sta, Unit A

      REGIONAL SHOPPING CENTER, MALL • 4,784 SF
      4196 Washington St Sta, Roslindale, MA 02131-1731
      View Details
    • Value Estimation
      $385,000
      4,400 SF

      156 Belgrade Ave, Unit 168

      REGIONAL SHOPPING CENTER, MALL • 4,400 SF
      156 Belgrade Ave, Roslindale, MA 02131-2433
      View Details
    • Value Estimation
      $535,000
      5,040 SF

      1408 Ctr St

      REGIONAL SHOPPING CENTER, MALL • 5,040 SF
      1408 Ctr St, Roslindale, MA 02131-1400
      View Details
    • Value Estimation
      $395,000
      7,488 SF

      39 Poplar St, Unit 45

      REGIONAL SHOPPING CENTER, MALL • 7,488 SF
      39 Poplar St, Roslindale, MA 02131-2505
      View Details
    • Value Estimation
      $355,000
      10,005 SF

      19 Corinth St, Unit 27A

      REGIONAL SHOPPING CENTER, MALL • 10,005 SF
      19 Corinth St, Roslindale, MA 02131-3022
      View Details

    Similar Nearby for Sale

    • $8,000,000

      Washington Street Retail Portfolio

      Five retail assets available in Boston's Roslindale neighborhood.
      4507-4525 Washington St, Boston, MA 02131
      View Details
    • $140,000

      Turnkey Restaurant in Prime Location

      Boutique restaurant for sale with equipment and loyal customer base.
      37 Confidential St, Boston, MA 02131
      View Details
    • Contact for pricing
      8,351 SF

      Roslindale Properties Investment Opportunity

      Five properties in Roslindale, Boston, offering redevelopment and investment potential.
      4511-4515 Washington St, Boston, MA 02131
      View Details
    • $2,300,000

      Iconic Pub in Roslindale Village

      Full-service pub with liquor license in vibrant Roslindale Village.
      4195 Washington St, Boston, MA 02131
      View Details
    • $1,100,000

      Roslindale Three-Family with Leasing Potential

      Three-family in Roslindale with investor-friendly leasing potential and classic charm.
      311 Belgrade Ave, Boston, MA 02131
      View Details
    • $1,350,000

      Elegant Roslindale Home For Sale

      Grand, elegant home in Roslindale with original historic details.
      89 Glendower Rd, Boston, MA 02131
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,031 SF

      Roslindale Retail Space For Rent

      Retail space available in Roslindale Shopping Center.
      626-674 American Legion Hwy, Roslindale, MA 02131
      View Details
    • Contact for pricing
      4,600 SF

      Roslindale Retail Space - 4600 SF

      Prime Retail Space, High-Traffic Area
      745 South St, Boston, MA 02131
      View Details
    • $8,500 /Mo

      Adaptable Roslindale Commercial Space

      4,000 SF space with parking, ideal for technology-driven uses.
      42 Averton St, Boston, MA 02131
      View Details
    • $95 SF/Yr

      Outdoor Parking Space For Rent

      Outdoor parking space available for rent.
      3977 Washington St, Boston, MA 02131
      View Details
    • $95 SF/Yr

      Parking Space For Rent

      Parking space available for rent at $95 per month.
      35 Forbes Parking, Boston, MA 02131
      View Details
    • Contact for pricing
      5,087 SF

      Retail and Restaurant Space Available

      In-line retail and fully built-out restaurant space for lease.
      950-980 American Legion Hwy, Boston, MA 02131
      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.
    3995-3997 Washington St
    Roslindale, MA 02131
    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.