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Property profile & analytics
FOR LEASE
Office buildings
45 Braintree Hill Park Braintree, MA 02184
Individually Owned
29-yr Hold
Free & Clear
Property ID
US38-0805244
For Lease
1 / 2
$17,695,000
45 Braintree Hill Park, Braintree, MA 02184
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
STEEL FRAME
Total area
68,396 SF
Lot
4 ac (174,240 SF)
Zoning code
HBD
APN
BRAI M:2058 B:0 L:134E
UPID
US38-0805244
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
-
Morrissey Wilson & Zafiropoulos LLP Law Firm
-
Leo H. Bonarrigo, CPA Accounting Firm Tax Preparation
-
Gabrielle Toro - Financial Advisor Financial Advisor
-
Bacardi Inc Specialty Food Shop Wine and Liquor Store
-
Perrone Group Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.63M
Comparable Approach
Comparable
$18.35M
Blend (final)
Blend
$17.70M
Owner & transaction history
19903 Flatley RT · 29 yrs held
19903 Flatley RT
since 1997
1 recorded transaction
Zoning & alternative use
HBD · Braintree, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$29.4M
+46.3%
Auto repair, garage
$22.0M
+9.8%
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 Braintree submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Braintree 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%
$26,680,000
6.5%
$24,630,000
7%
$22,870,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$20,065,000
Current use
RESTAURANT
$29,355,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$22,025,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$20,025,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$19,650,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$17,505,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$17.70M
Range $15.93M – $19.46M · ±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
$259 / 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
$221,063
Tax year 2024
Assessed value
$10,916,700
Assessed 2024
Previous assessed
$10,916,700
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$4,332,100
Assessed improvement
$6,584,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
17
Bathrooms
8
Total area
68,396 SF
Lot
4 ac (174,240 SF)
Zoning code
HBD
APN
BRAI M:2058 B:0 L:134E
UPID
US38-0805244
Jurisdiction
BRAINTREE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
HBD · Braintree, MA
Zoning HBD · permitted uses
HBD · Braintree, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Braintree. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$20.1M
RESTAURANT
Est. value
$29.4M
AUTO REPAIR, GARAGE
Est. value
$22.0M
RETAIL STORES
Est. value
$20.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.7M
COMMERCIAL (GENERAL)
Est. value
$17.5M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
17
Bathrooms
8
Lot
4 ac
Current owner
From public records · entity-resolved
19903 Flatley RT
Individual
Free & Clear · 29 yrs held
Mailing address
45 BRAINTREE HL PARKR, BRAINTREE, MA 02184-8723
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 1997
$6,200,000
19903 Flatley RT
Flatley,thomas J
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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