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Property profile & analytics
OFF-MARKET
Estimated value
$4,875,000
Office buildings
408 Huntington Ave, Jamaica Plain, MA 02130-4814
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-1759880
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Construction
BRICK
Total area
10,725 SF
Lot
0.25 ac (11,034 SF)
Zoning code
C
APN
JAMA W:19 P:02175 S:000
UPID
US38-1759880
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
Current use
Occupant on record · Public records
-
American Medical Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.19M
Comparable Approach
Comparable
$5.50M
Blend (final)
Blend
$4.88M
Owner & transaction history
406 S Huntington LLC · 7 yrs held
406 S Huntington LLC
since 2019
Last sale
$4.4M
6 recorded transactions
Zoning & alternative use
C · Jamaica Plain, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.2M
+9.5%
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 Jamaica Plain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamaica Plain 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%
$5,620,000
6.5%
$5,190,000
7%
$4,820,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,590,000
Current use
RESTAURANT
$7,215,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,310,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$5,765,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$4.88M
Range $4.39M – $5.36M · ±10% · vs last sale $4.40M (Jan 7 2026)
Last sale anchor
$4.40M
Jan 7 2026
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
$455 / 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
Tax billed
$34,678
Tax year 2024
Assessed value
$1,372,300
Assessed 2024
Previous assessed
$1,440,500
-4.7% YoY
Effective rate
2.53%
On assessed value
Assessed land
$737,100
Assessed improvement
$635,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1940
Construction
BRICK
Heating
NONE
Buildings
1
Stories
1
Units
4
Total area
10,725 SF
Lot
0.25 ac (11,034 SF)
Zoning code
C
APN
JAMA W:19 P:02175 S:000
UPID
US38-1759880
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Jamaica Plain, MA
Zoning C · permitted uses
C · Jamaica Plain, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jamaica Plain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.6M
RESTAURANT
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.3M
RETAIL STORES
Est. value
$5.8M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1940
Construction
BRICK
Heating
NONE
Stories
1
Buildings
1
Units
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
406 S Huntington LLC
Entity
Mailing address
51 AMORY ST, BOSTON, MA 02119-1011
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2019
$3,300,000
406 S Huntington LLC
Vasallo LLC
Quit Claim Deed
—
Jan 24, 2013
—
Alberto Vasallo
—
Deed Of Trust
related
$422,000 · Eduardo Vasallo
Mar 15, 2005
—
Vasallo LLC
—
Deed Of Trust
related
$877,500 · Greenpoint Mortgage Funding
Mar 13, 1998
—
Vasallo LLC
—
Deed Of Trust
related
$196,000 · Bay Colony Dev Corp
Apr 9, 1997
$412,000
Vasallo Ltd Liability
406 408 T
Grant Deed
$237,500 · Fleet National Bank
Apr 9, 1997
—
Vasallo Ltd Liability
—
Deed Of Trust
related
$190,000 · Fleet National Bank
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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