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

    471 Broadway South Boston, MA 02127-4732

    • Investment properties
    • 5,664 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    May 25, 2021
    $3,800,000
    Value Estimations
    $3,630,000
    Show details
    Cap Rate Potential
    3.5%
    Investment properties
    Location Intelligence
    Property ID
    US38-1165409
    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

    • T-Mobile Authorized Retailer / Internet Service Provider / Telecommunications Service Provider

    Property Details for 471 Broadway

    Year built
    1910
    Construction
    BRICK
    Lot size
    0.03 lot acres
    Property size
    5,664 SF
    Zone code
    RC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SBOS W:06 P:01963 S:000
    APU
    SBOSW06P01963S000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,920,000
      ML approach
      $4,285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,750,000
      Market price range: $1.91M - $5.26M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,185,000
      Current use
      RESTAURANT
      $3,810,000
      Change: +20% Conversion: Difficult
      OFFICE BUILDING
      $3,480,000
      Change: +9% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,335,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $3,045,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    South Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0462
    Latitude
    42.3356
    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
    2017
    $12,025
    $211,700
    $961,200
    $1,172,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $235,000
      3,432 SF

      493-493A Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 3,432 SF
      493-493A Broadway, South Boston, MA 02127
      View Details
    • Value Estimation
      $780,000
      94,640 SF

      11-11E Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 94,640 SF
      11-11E Broadway, South Boston, MA 02127
      View Details
    • Value Estimation
      $285,000
      2,646 SF

      733-735 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 2,646 SF
      733-735 Broadway, South Boston, MA 02127
      View Details
    • Value Estimation
      $215,000
      5,424 SF

      564 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 5,424 SF
      564 Broadway, South Boston, MA 02127-4483
      View Details
    • Value Estimation
      $235,000
      3,942 SF

      479-479A Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 3,942 SF
      479-479A Broadway, South Boston, MA 02127
      View Details
    • Value Estimation
      $270,000
      9,200 SF

      389-389A Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 9,200 SF
      389-389A Broadway, South Boston, MA 02127
      View Details

    Similar Nearby for Sale

    • $899,000
      1,072 SF

      Prime Retail Space in Boston

      Exceptional hair salon in a vibrant Boston neighborhood.
      330 West 2Nd St, Boston, MA 02127
      View Details
    • $1,250,000

      South Boston Triplex with Development Potential

      Three-unit building in South Boston with development possibilities.
      163 W 8Th St, Boston, MA 02127
      View Details
    • $1,650,000

      Renovated Triplex Near Andrew Square

      Newly renovated triplex with modern amenities near public transportation.
      375 Dorchester St, Boston, MA 02127
      View Details
    • $2,650,000

      Modern Triplex in South Boston

      Three modern units with parking, balconies, and roof deck.
      153 Bowen St, Boston, MA 02127
      View Details
    • $1,800,000

      Well-Maintained Multifamily Home Overlooking Park

      Two-family home near Castle Island, Broadway, and Seaport District.
      37 M St, Boston, MA 02127
      View Details
    • $1,700,000

      East Side Triplex Opportunity

      East Side three-family property, ideal for investors or owner-occupants.
      151 L St, Boston, MA 02127
      View Details

    Similar Nearby for Lease

    • $1,950 /Mo

      Prime Retail/Office Space Available

      Retail/office space for lease in a prime location.
      405 W 1St St, Boston, MA 02127
      View Details
    • $1.00 SF/Yr

      Storage Space on West Broadway

      Three-story storage space available for lease on West Broadway.
      460 West Broadway, Boston, MA 02127
      View Details
    • Contact for pricing
      6,800 SF

      Bright Office Space Available

      Sublease opportunity with open layout and natural light.
      15 Elkins St, Boston, MA 02127
      View Details
    • $4,000 /Mo

      Move-in Ready South Boston Office

      Renovated office space with high visibility and easy access.
      600 E Broadway, Boston, MA 02127
      View Details
    • Contact for pricing
      16,728 SF

      Retail Space in South Boston

      Prime retail space in the heart of South Boston.
      367 West Broadway, Boston, MA 02127
      View Details
    • Contact for pricing
      45,672 SF

      Class A Brick & Beam Office

      Standalone office building with parking in the Seaport/South Boston area.
      69 A St, South Boston, MA 02127
      View Details

    Property Visit Statistics

    • Visits by month
      4.0k
    • Visitors by month
      4.4k
    • Avg Time on site
      6 min
    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.
    471 Broadway
    South Boston, MA 02127-4732
    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.