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Property profile & analytics
OFF-MARKET
Estimated value
$22,160,000
Auto shops
571 1st St 591 South Boston, MA 02127-1612
Entity Owned
2-yr Hold
Free & Clear
Property ID
US38-0906676
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1950
Construction
BRICK
Total area
40,848 SF
Lot
1.44 ac (62,864 SF)
Zoning code
C
APN
SBOS W:06 P:03422 S:000
UPID
US38-0906676
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
$17.08M
Blend (final)
Blend
$22.16M
Owner & transaction history
571 East First St Dev LLC · 2 yrs held
571 East First St Dev LLC
since 2023
Last sale
$23.5M
3 recorded transactions
Zoning & alternative use
C · South Boston, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.5M
+14.4%
Office building
$25.1M
+4.5%
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 South Boston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
$24,565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$24,035,000
Current use
RESTAURANT
$27,485,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$25,105,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$22,950,000
Change: -5% · Conversion: Moderate
RETAIL STORES
$21,950,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$22.16M
Range $19.94M – $24.38M · ±10% · vs last sale $23.50M (Aug 21 2023)
Last sale anchor
$23.50M
Aug 21 2023
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
$542 / 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
$116,126
Tax year 2024
Assessed value
$4,595,400
Assessed 2024
Previous assessed
$4,595,400
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$1,941,000
Assessed improvement
$2,654,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1950
Construction
BRICK
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
40,848 SF
Lot
1.44 ac (62,864 SF)
Zoning code
C
APN
SBOS W:06 P:03422 S:000
UPID
US38-0906676
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · South Boston, MA
Zoning C · permitted uses
C · South Boston, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Boston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$24.0M
RESTAURANT
Est. value
$27.5M
OFFICE BUILDING
Est. value
$25.1M
COMMERCIAL (GENERAL)
Est. value
$23.0M
RETAIL STORES
Est. value
$22.0M
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1950
Construction
BRICK
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
571 East First St Dev LLC
Entity
Free & Clear · 2 yrs held
Mailing address
571 E 1ST ST #591, SOUTH BOSTON, MA 02127-1612
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2024
—
571 East First St Dev LLC
—
Deed
related
$18,800,000 · First Citizen B&t Co
Aug 21, 2023
$23,500,000
571 East First St Dev LLC
Gh Tlh Boston Ma LLC
Quit Claim Arm's Length For Ne States
—
Jan 24, 2023
$19,400,000
Gh Boston Ma LLC
Firstgroup Services INC
Quit Claim Arm's Length For Ne States
$24,472,500 · Connectone Bank
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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