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    45 Brighton Ave Boston, MA 02134

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    45 Brighton Ave Boston, MA 02134

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    • Investment properties
    • 85,440 SF
    • 1.08 lot acres
    For Lease
    $26,940,000
    View Listing →
    Allston Retail/Restaurant Space Available For Lease
    $26,940,000
    3,246 SF

    Allston Retail/Restaurant Space Available

    First-generation retail or restaurant space in Allston, Boston.

    45 Brighton Ave, Boston, MA 2134
    View Listing
    Property ID
    US38-0573928
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 45 Brighton Ave

    Year built
    2020
    Construction
    BRICK
    Lot size
    1.08 lot acres
    Property size
    85,440 SF
    Zone code
    RC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    ALLS W:21 P:00565 S:000
    APU
    ALLSW21P00565S000

    Description

    This exceptional 3,246 square foot retail or restaurant space is located at 45 Brighton Avenue in Allston, Massachusetts, within Suffolk County. Built and renovated in 2023, this single-tenant property boasts over 108 feet of frontage on Brighton Avenue, providing excellent visibility and accessibility. The space is situated on the first floor of a new 115-unit residential building, guaranteeing a built-in customer base and high foot traffic. Approved for restaurant use, this first-generation space is immediately available and ready for occupancy. Its modern design and prime location make it an ideal opportunity for a variety of businesses seeking a vibrant and thriving Allston location. The property's convenient access to Chester Street further enhances its appeal. This is a rare opportunity to secure a brand-new, high-visibility retail or restaurant space in a rapidly developing area of Allston. The substantial square footage and prime location offer significant potential for growth and success. Don't miss this chance to establish your business in this dynamic neighborhood. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $34,765,000
      6.5%
      $32,090,000
      7%
      $29,795,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $41,150,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Allston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.1274
    Latitude
    42.3529
    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
    2021
    $21,099
    $6,040,800
    $25,899,700
    $31,940,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      25,970 SF

      1232-1236 Commonwealth Ave

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      View Details
    • Value Estimation
      $10,215,000
      59,456 SF

      1125 Commonwealth Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 59,456 SF
      1125 Commonwealth Ave, Allston, MA 02134-3201
      View Details
    • Value Estimation
      $7,420,000
      31,895 SF

      48 Brighton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 31,895 SF
      48 Brighton Ave, Allston, MA 02134-2303
      View Details
    • Value Estimation
      $1,535,000
      5,925 SF

      316 Harvard St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,925 SF
      316 Harvard St, Allston, MA 02134-1531
      View Details
    • Value Estimation
      $2,385,000
      9,097 SF

      1211 Commonwealth Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 9,097 SF
      1211 Commonwealth Ave, Allston, MA 02134-2819
      View Details
    • Value Estimation
      $2,405,000
      13,864 SF

      58 Glenville Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 13,864 SF
      58 Glenville Ave, Allston, MA 02134-3453
      View Details

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    • Contact for pricing

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      Allston Three-Family Income Property

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      2,743 SF

      Allston Two-Family Residence

      Two-family home near Boston Landing and Harvard.
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    • $3,750,000
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      Allston/Brighton Development Opportunity

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      25,126 SF

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    • $28 SF/Yr

      Renovated Office Space Sublease Available

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      View Details
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      683 SF

      Allston Office Suites For Lease

      Office suites for lease in Allston near Mass Turnpike.
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      Office Space Near Transit Hub

      1,403 sq ft office space near transit.
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      Bright Office Space Near Transit

      Corner office space with abundant natural light and transit access.
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      Modern Office Space Near Transit

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    View Listing
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    Boston, MA 02134
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    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.

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    45 Brighton Ave, Boston, MA, 02134

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