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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Banks
560 Commonwealth Ave 574 Boston, MA 02215-2523
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-1012103
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1930
Construction
CONCRETE
Total area
5,379 SF
Lot
0.14 ac (5,957 SF)
Zoning code
C
APN
CBOS W:05 P:04141 S:000
UPID
US38-1012103
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
-
Amicar Giraldo Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$520k
Owner & transaction history
Mark Kenmore LLC · 11 yrs held
Mark Kenmore LLC
since 2015
5 recorded transactions
Zoning & alternative use
C · Boston, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$720,000
+56.2%
Restaurant
$630,000
+36.4%
Auto repair, garage
$520,000
+12.8%
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
$335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$460,000
Current use
OFFICE BUILDING
$720,000
Change: +56% · Conversion: Difficult
RESTAURANT
$630,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$505,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$485,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$430,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$97 / 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
$113,280
Tax year 2024
Assessed value
$4,482,800
Assessed 2024
Previous assessed
$4,482,800
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$2,937,700
Assessed improvement
$1,545,100
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
Off-Market
Year built
1930
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
5,379 SF
Lot
0.14 ac (5,957 SF)
Zoning code
C
APN
CBOS W:05 P:04141 S:000
UPID
US38-1012103
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
$460,000
OFFICE BUILDING
Est. value
$720,000
RESTAURANT
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$520,000
RETAIL STORES
Est. value
$505,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$485,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$430,000
FINANCIAL BUILDING Current
OFFICE BUILDING
RESTAURANT
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
1930
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Mark Kenmore LLC
Entity
Mailing address
57 RIV ST STE #106, WELLESLEY, MA 02481-2052
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
—
Mark Kenmore LLC
—
Deed
related
$12,000,000 · Needham Bank
Apr 3, 2018
—
Mark Kenmore LLC
—
Deed
related
$4,500,000 · Santander Bank NA
Jul 1, 2015
$5,500,000
Mark Kenmore LLC
Citizens Bank NA
Quit Claim Arm's Length For Ne States
$4,162,500 · Commerce Bank & Trust Co
Aug 16, 2007
—
Kenmore Tower Corp
—
Deed Of Trust
related
$6,500,000 · Prudential Insurance Co
Nov 12, 1996
$227,256
T Us
Bank Of Boston
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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