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

    566 Columbus Ave Boston, MA 02118-1195

    • Investment properties
    • 104,650 SF
    • 0.53 lot acres
    OFF-MARKET
    Last Sale
    Aug 30, 2024
    $1,225,000
    Value Estimations
    $1,225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-2102032
    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

    • Tenants Development Corporation / Non-Profit Organization
    • Tulumbe / Association Or Organization
    • HomeInc / Corporate Office

    Property Details for 566 Columbus Ave

    Year built
    2022
    Construction
    BRICK
    Lot size
    0.53 lot acres
    Property size
    104,650 SF
    Zone code
    RC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    CBOS W:09 P:00760 S:000
    APU
    CBOSW09P00760S000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,225,000
      ML approach
      $1,225,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0811
    Latitude
    42.3407
    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
    2022
    $318,682
    $8,848,883
    $38,406,417
    $47,255,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.43 Acres

      466 Harrison Ave, Unit 474

      OFFICE/RESIDENTIAL (MIXED USE) • 0.43 Acres
      466 Harrison Ave, Boston, MA 02118-2408
      View Details
    • Value Estimation
      $1,295,000
      4,050 SF

      427-427A Massachusetts Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,050 SF
      427-427A Massachusetts Ave, Boston, MA 02118
      View Details
    • Value Estimation
      $1,070,000
      3,672 SF

      851-853 Harrison Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,672 SF
      851-853 Harrison Ave, Boston, MA 02118
      View Details
    • Value Estimation
      $930,000
      4,869 SF

      520-520A Columbus Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,869 SF
      520-520A Columbus Ave, Boston, MA 02118
      View Details
    • Value Estimation
      $1,550,000
      5,760 SF

      476-476A Columbus Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,760 SF
      476-476A Columbus Ave, Boston, MA 02118
      View Details
    • Value Estimation
      $21,520,000
      119,905 SF

      1 Emerald Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 119,905 SF
      1 Emerald Ct, Boston, MA 02118-2449
      View Details

    Similar Nearby for Sale

    • $11,800,000

      South End Mixed-Use Portfolio

      Residential and retail units in Boston's South End neighborhood.
      6-14 Union Park 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
    • Contact for pricing
      1,200 SF

      Retail Space with Basement

      Retail space with basement in Harrison Ave, Boston.
      811 Harrison Ave, Boston, MA 02118
      View Details
    • Contact for pricing
      7,000 SF

      Retail/Showroom Space Near Downtown Boston

      Retail/Showroom space near downtown Boston and major transportation routes.
      875 Massachusetts Ave, 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

    Similar Nearby for Lease

    • Contact for pricing
      1,435 SF

      Retail Space in Luxury Residences

      Retail space in Boston's vibrant South End neighborhood.
      88 Wareham St, Boston, MA 02118
      View Details
    • Contact for pricing
      1,099 SF

      Retail Space in Mixed-Use Development

      Retail spaces available in a mixed-use development in Boston.
      123 E Dedham St, Boston, MA 02118
      View Details
    • Contact for pricing
      18,000 SF

      Refrigerated Processing and Freezer Space

      18,000 SF refrigerated facility with processing and freezer space.
      225 Southampton St, Boston, MA 02118
      View Details
    • $45 SF/Yr

      Tremont Street Commercial Space Available

      Commercial space for rent in Boston's South End.
      540 Tremont St, Boston, MA 02118
      View Details
    • $100 SF/Yr

      South End Cafe Space Available

      Second-generation cafe space for lease in Boston's South End.
      655 Tremont St, Boston, MA 02118
      View Details
    • Contact for pricing
      3,628 SF

      Retail Space in South End

      Retail space available for rent in Boston's South End.
      1365 Washington Street Pl, Boston, MA 02118
      View Details

    Property Visit Statistics

    • Visits by month
      10.6k
    • Visitors by month
      8.8k
    • Avg Time on site
      22 min
    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.
    566 Columbus Ave
    Boston, MA 02118-1195
    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.