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Property profile & analytics
FOR LEASE
Banks
540-548 Commonwealth Ave Boston, MA 02215
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US38-1967871
For Lease
1 / 2
$595,000
540-548 Commonwealth Ave, Boston, MA 02215
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1981
Construction
STEEL FRAME
Total area
5,688 SF
Lot
0.17 ac (7,359 SF)
Zoning code
C
APN
CBOS W:05 P:03937 S:000
UPID
US38-1967871
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
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$595k
Owner & transaction history
Bnk Boston Kenmore S · 25 yrs held
Bnk Boston Kenmore S
since 2000
2 recorded transactions
Zoning & alternative use
C · Boston, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$915,000
+87.4%
Restaurant
$665,000
+36.4%
Commercial (general)
$580,000
+18.1%
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 Boston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boston 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
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$490,000
Current use
OFFICE BUILDING
$915,000
Change: +87% · Conversion: Difficult
RESTAURANT
$665,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$550,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$530,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$515,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$455,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10%
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
$105 / 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
Tax billed
$76,376
Tax year 2024
Assessed value
$3,022,400
Assessed 2024
Previous assessed
$3,041,400
-0.6% YoY
Effective rate
2.53%
On assessed value
Assessed land
$1,344,800
Assessed improvement
$1,677,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1981
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
5,688 SF
Lot
0.17 ac (7,359 SF)
Zoning code
C
APN
CBOS W:05 P:03937 S:000
UPID
US38-1967871
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Boston, MA
Zoning C · permitted uses
C · Boston, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$490,000
OFFICE BUILDING
Est. value
$915,000
RESTAURANT
Est. value
$665,000
COMMERCIAL (GENERAL)
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$550,000
RETAIL STORES
Est. value
$530,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$515,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$455,000
FINANCIAL BUILDING Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1981
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Bnk Boston Kenmore S
Individual
Mailing address
PO BOX 841001, BOSTON, MA 02284-1001
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2000
$2,310,703
Bnk Boston Kenmore S
Fleet National Bk
Grant Deed
$2,310,703 · First Security Svgsbk
Dec 29, 1989
$1,000,000
Shawmut RT
Shawmut Bk NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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