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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Investment properties
487 Norfolk St Mattapan, MA 02126-2344
Individually Owned
2-yr Hold
Free & Clear
Property ID
US38-0905187
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Construction
FRAME
Total area
2,935 SF
Lot
0.69 ac (30,007 SF)
Zoning code
RC
APN
MATT W:14 P:04149 S:000
UPID
US38-0905187
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
-
Urban Farming Institute Food Processing Plant
-
Fowler Clark Epstein Farm Food Processing Plant
-
Boston Farms Community Land Trust Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
Urban Farming Inst Of Bos · 2 yrs held
Urban Farming Inst Of Bos
since 2024
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
RC · Mattapan, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+27.6%
Auto repair, garage
$1.7M
+22.2%
Retail stores
$1.6M
+11.6%
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 Mattapan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mattapan 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
$1,400,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
$1,195,000
6.5%
$1,100,000
7%
$1,025,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,415,000
Current use
OFFICE BUILDING
$1,805,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,725,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$1,575,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Jan 12 2024)
Last sale anchor
$1.40M
Jan 12 2024
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
$477 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$4,042
Tax year 2018
Assessed value
$564,600
Assessed 2024
Previous assessed
$575,400
-1.9% YoY
Effective rate
0.72%
On assessed value
Assessed land
$355,400
Assessed improvement
$209,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Rooms
6
Bathrooms
2
Total area
2,935 SF
Lot
0.69 ac (30,007 SF)
Zoning code
RC
APN
MATT W:14 P:04149 S:000
UPID
US38-0905187
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
RC · Mattapan, MA
Zoning RC · permitted uses
RC · Mattapan, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mattapan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1930
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Rooms
6
Bathrooms
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Urban Farming Inst Of Bos
Individual
Free & Clear · 2 yrs held
Mailing address
487 NORFOLK ST, MATTAPAN, MA 02126-2344
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
$1,400,000
Urban Farming Inst Of Bos
Fowler Clark Farm LLC
Quit Claim Arm's Length For Ne States
—
Jun 22, 2015
$250,000
Fowler Clark Farm LLC
Epstein Ida G Trust
Quit Claim Deed
$16,770 · Greenbaum Nagel Fishe
Sep 26, 2013
—
Ida Gertrude Epstein Ret
—
Deed Of Trust
related
$1 · Greenbaum Nagel Fisher&paliott
May 27, 2004
$1
Gertrude Epstein T Ida
Epstein,ida G
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.
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