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

    485 Harrison Ave, Unit 102 Boston, MA 02118-2387

    • Office Properties & Spaces
    • 2,895 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1537688
    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

    • Botl Plus / Water Works Equipment Supplier

    Property Details for 485 Harrison Ave

    Construction
    BRICK
    Lot size
    0.07 lot acres
    Property size
    2,895 SF
    Zone code
    CC
    Property type
    Office Properties & Spaces
    APN
    CBOS W:03 P:06445 S:014
    APU
    CBOSW03P06445S014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $433,000
      Market price range: $85.0k - $1.08M

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0669
    Latitude
    42.3419
    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
    $12,034
    $0.00
    $476,200
    $476,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $240,000
      1,351 SF

      1387 Washington St, Unit 101

      CONDOMINIUM OFFICES • 1,351 SF
      1387 Washington St, Boston, MA 02118-2022
      View Details
    • Value Estimation
      $240,000
      726 SF

      1180 Washington St, Unit 105

      CONDOMINIUM OFFICES • 726 SF
      1180 Washington St, Boston, MA 02118-2154
      View Details
    • Value Estimation
      $360,000
      1,846 SF

      671 Tremont St Ste, Unit 1

      CONDOMINIUM OFFICES • 1,846 SF
      671 Tremont St Ste, Boston, MA 02118-1296
      View Details
    • Value Estimation
      $230,000
      880 SF

      603 Tremont St, Unit 2

      CONDOMINIUM OFFICES • 880 SF
      603 Tremont St, Boston, MA 02118-1674
      View Details
    • Value Estimation
      $280,000
      315 SF

      806 Tremont St, Unit 2

      CONDOMINIUM OFFICES • 315 SF
      806 Tremont St, Boston, MA 02118-1031
      View Details
    • Value Estimation by Request
      1,666 SF

      1180 Washington St, Unit 104

      CONDOMINIUM OFFICES • 1,666 SF
      1180 Washington St, Boston, MA 02118-2154
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,272 SF

      Office Building Near Route 93

      Office building with owner-occupant opportunity near Boston.
      139-527 Albany St, Boston, MA 02118
      View Details
    • Contact for pricing
      150 SF

      SoWa District Plug & Play Office

      23,134 SF office sublease in Boston's vibrant SoWa District.
      500 Harrison Avenue Ext, Boston, MA 02118
      View Details
    • $435,000

      South End Commercial Unit

      Three-level commercial unit in the South End.
      552 Columbus Ave, Boston, MA 02118
      View Details
    • $7,200,000

      Rutland Street Schoolhouse Development Opportunity

      Former schoolhouse with development potential in Boston's South End.
      35-43 Rutland St, Boston, MA 02118
      View Details
    • $1,725,000

      Federal-Style Two Family Row House

      Impeccably maintained two-family home with modern updates and rental income.
      377 Shawmut Ave, Boston, MA 02118
      View Details
    • $4,000,000

      Historic Multifamily Residence in Boston

      Multifamily residence in Boston, constructed in 1910, with parking.
      87 Pembroke St, Boston, MA 02118
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

      Boston Executive Office Space

      Prime Boston Office: 7,272 SF Available
      519 Albany St, Boston, MA 02118
      View Details
    • Contact for pricing
      18,333 SF

      Modern Office Space with Amenities

      Office space featuring roof deck, fitness center, and parking.
      321 Harrison Ave, Boston, MA 02118
      View Details
    • $4,220 /Mo
      850 SF

      Office Space Available For Rent

      Office space available for rent, totaling 850 square feet.
      579 Tremont St, Boston, MA 02118
      View Details
    • Contact for pricing
      53,328 SF

      Versatile South End Facility

      53,000 SF Office/Flex & Industrial/Warehouse space for rent.
      1071 Washington Street Pl, Boston, MA 02118
      View Details
    • Contact for pricing
      2,908 SF

      Roxbury Office Space for Lease

      Office suites available in Roxbury, steps from public transportation.
      426-434 Massachusetts Ave, Roxbury, MA 02118
      View Details
    • $3,800 /Mo

      Corner Retail Unit Near Medical

      Retail or commercial space with high ceilings and great light.
      585 Massachusetts Ave, Boston, MA 02118
      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.
    485 Harrison Ave, Unit 102
    Boston, MA 02118-2387
    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.