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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Investment properties
498 Blue Hl Ave Dorchester, MA 02121-3236
Entity Owned
15-yr Hold
Property ID
US38-2439885
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
5,924 SF
Lot
0.05 ac (2,380 SF)
Zoning code
RC
APN
DORC W:14 P:00809 S:000
UPID
US38-2439885
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Hmb LLC · 15 yrs held
Hmb LLC
since 2011
7 recorded transactions
Zoning & alternative use
RC · Dorchester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Dorchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dorchester 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$152 / 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 2024Property tax & assessments
Tax year 2024
Assessed value
$628,600
Assessed 2024
Previous assessed
$645,600
-2.6% YoY
Assessed land
$147,300
Assessed improvement
$481,300
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
1900
Construction
FRAME
Heating
NONE
Buildings
1
Stories
3
Units
4
Rooms
18
Total area
5,924 SF
Lot
0.05 ac (2,380 SF)
Zoning code
RC
APN
DORC W:14 P:00809 S:000
UPID
US38-2439885
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
RC · Dorchester, MA
Zoning RC · permitted uses
RC · Dorchester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dorchester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
NONE
Stories
3
Buildings
1
Units
4
Rooms
18
Lot
0.05 ac
Current owner
From public records · entity-resolved
Hmb LLC
Entity
Mailing address
195 ASHMONT STB1, DORCHESTER, MA 02124-3801
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2024
—
Hmb LLC
—
Deed
related
$96,114 · Boston Private Bank & Trust Company
May 3, 2013
—
Hmb LLC
—
Deed Of Trust
related
$1,200,000 · Boston Private Bank
Nov 4, 2011
—
Hmb LLC
—
Deed Of Trust
related
$130,000 · Boston Comm Loan Fund INC
Jan 31, 2011
$210,000
Hmb LLC
Boston City Of
Deed
$1,600,000 · Misc Other
Jan 31, 2011
—
Hmb LLC
—
Grant Deed
related
$439,640 · Boston City
Dec 22, 2009
$1
Jp Morgan Chase Bank NA
Fdic
Grant Deed
—
Dec 22, 2009
$210,000
Bra
Jp Morgan Chase Bank NA
Grant Deed
—
Jul 16, 2007
$399,155
Washington Mutual Bk
Radley,joseph
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Sep 25, 2003
—
Joseph A Radley
—
Deed Of Trust
related
$367,500 · Washington Mutual Bank
Feb 19, 2002
—
Joseph A Radley
—
Deed Of Trust
related
$245,000 · Washington Mutual Bank
Dec 26, 2000
—
Joseph A Radley
—
Deed Of Trust
related
$210,000 · Washington Mutual Bank
May 28, 1999
$47,000
Joseph Radley
Blue Hill Ave RT 498
Grant Deed
—
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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