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

    450th Melnea Cass Blvd Roxbury, MA 02119-2407

    • Grocery and convenience stores
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    $425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-2181643
    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

    • Grocery and convenience stores

    Property Details for 450th Melnea Cass Blvd

    Lot size
    1.06 lot acres
    Zone code
    C
    Property type
    Grocery and convenience stores
    APN
    ROXB W:09 P:02130 S:010
    APU
    ROXBW09P02130S010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Roxbury
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0823
    Latitude
    42.333
    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
    $136,200
    $2,207,526
    $3,182,250
    $5,389,776
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $635,000
      27,820 SF

      450 Melnea Cass Blvd

      GROCERY, SUPERMARKET • 27,820 SF
      450 Melnea Cass Blvd, Roxbury, MA 02119-2407
      View Details
    • Value Estimation
      $375,000
      12,540 SF

      2261 Washington St, Unit 2275

      RETAIL STORES (PERSONAL SERVICES) • 12,540 SF
      2261 Washington St, Roxbury, MA 02119-3212
      View Details
    • Value Estimation
      $1,045,000
      162,004 SF

      30-32 George St

      SHOW ROOM, WAREHOUSE • 162,004 SF
      30-32 George St, Roxbury, MA 02119
      View Details
    • Value Estimation
      $310,000
      1,320 SF

      1876 Columbus Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,320 SF
      1876 Columbus Ave, Roxbury, MA 02119
      View Details
    • Value Estimation
      $365,000
      13,430 SF

      201 Shirley St

      FINANCIAL BUILDING • 13,430 SF
      201 Shirley St, Roxbury, MA 02119
      View Details
    • Value Estimation
      $355,000
      6,738 SF

      143 Shirley St

      SHOW ROOM, WAREHOUSE • 6,738 SF
      143 Shirley St, Roxbury, MA 02119-3007
      View Details

    Similar Nearby for Sale

    • $1,325,000

      Roxbury Retail Building For Sale

      Class C building in Dudley Square, Roxbury. Real estate only.
      2219 Washington St, Boston, MA 02119
      View Details
    • $599,900

      Retail Property on Blue Hill

      Retail property for sale, leased with annual rent increases.
      161 Blue Hill Ave, Boston, MA 02119
      View Details
    • $1,125,000

      Commercial Condo in Nubian Square

      Newly developed commercial condo with flexible use in Roxbury.
      1135 Harrison Ave, Boston, MA 02119
      View Details
    • $1,599,000

      Fort Point Three-Family Opportunity

      Three-family in desirable Fort Point, Boston. Investment or owner-occupant.
      59 Fort Ave, Boston, MA 02119
      View Details
    • $1,100,000
      2,148 SF

      Renovated Roxbury Three-Family Property

      Turnkey three-family in prime location, renovated in 2025.
      20 Rockville Park, Boston, MA 02119
      View Details
    • $599,900
      0.02 Acres

      Blue Hill Avenue Investment Property

      Boston income property, strong lease in place.
      161 Blue Hill Ave, Boston, MA 02119
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,528 SF

      Roxbury Retail/Office/Medical Space Available

      Retail space with conversion potential near transportation and health center.
      272-292 Blue Hill Ave, Roxbury, MA 02119
      View Details
    • Contact for pricing
      2,166 SF

      Jamaica Plain Retail Space Available

      Retail space in high-traffic Jamaica Plain location for rent.
      702 Centre St, Jamaica Plain, MA 02119
      View Details
    • $45 SF/Yr
      2,634 SF

      Turnkey Retail/Medical Space Available

      Modern, renovated retail/medical space with high visibility and traffic.
      1618 Blue Hill Ave, Mattapan, MA 02119
      View Details
    • $100 SF/Yr

      Parking Space Available For Rent

      Parking space available on a month-to-month basis.
      2989 Washington St, Boston, MA 02119
      View Details
    • $95 SF/Yr

      Outdoor Parking Spaces Available

      Outdoor parking spaces for rent in Boston, MA.
      299 Dudley St, Boston, MA 02119
      View Details
    • Contact for pricing
      8,244 SF

      Charlestown Office Space with Parking

      Office space in historic Charlestown with harbor views and parking.
      34-42 Warren St, Charlestown, MA 02119
      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.
    450th Melnea Cass Blvd
    Roxbury, MA 02119-2407
    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.