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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    577th Riv St Mattapan, MA 02126-3016

    • Super regional malls
    • 650 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Nov 03, 2023
    $127,500
    Value Estimations
    $165,000
    Show details
    Cap Rate Potential
    9.4%
    Super regional malls
    Location Intelligence
    Property ID
    US38-0956282
    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

    • Super regional malls

    Property Details for 577th Riv St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.03 lot acres
    Property size
    650 SF
    Zone code
    C
    Property type
    Super regional malls
    APN
    MATT W:18 P:01711 S:020
    APU
    MATTW18P01711S020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $135,000
      ML approach
      $125,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $210,000
      6.5%
      $195,000
      7%
      $180,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $204,000
      Market price range: $105k - $308k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $215,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mattapan
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0971
    Latitude
    42.2667
    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
    2024
    $2,626
    $43,800
    $60,100
    $103,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $530,000
      17,135 SF

      10 Fairway St

      REGIONAL SHOPPING CENTER, MALL • 17,135 SF
      10 Fairway St, Mattapan, MA 02126-2153
      View Details
    • Value Estimation
      $395,000
      3,800 SF

      1336-1340 Blue Hl Ave

      REGIONAL SHOPPING CENTER, MALL • 3,800 SF
      1336-1340 Blue Hl Ave, Mattapan, MA 02126
      View Details
    • Value Estimation
      $370,000
      6,405 SF

      1641 Blue Hl Ave, Unit 1649

      REGIONAL SHOPPING CENTER, MALL • 6,405 SF
      1641 Blue Hl Ave, Mattapan, MA 02126-2100
      View Details
    • Value Estimation
      $915,000
      2,920 SF

      834 Morton St, Unit 842

      REGIONAL SHOPPING CENTER, MALL • 2,920 SF
      834 Morton St, Mattapan, MA 02126-2452
      View Details
    • Value Estimation
      $425,000
      5,714 SF

      7-11 Edgewater Dr

      REGIONAL SHOPPING CENTER, MALL • 5,714 SF
      7-11 Edgewater Dr, Mattapan, MA 02126
      View Details
    • Value Estimation
      $495,000
      8,395 SF

      1636 Blue Hl Ave, Unit 1644

      REGIONAL SHOPPING CENTER, MALL • 8,395 SF
      1636 Blue Hl Ave, Mattapan, MA 02126-2121
      View Details

    Similar Nearby for Sale

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      Two-Family New Construction in Boston

      New construction two-family home near Morton Street T Stop.
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    • $950,000

      Updated Two-Family Home in Mattapan

      Renovated two-family property with modern amenities and commuter convenience.
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    • $1,060,000

      Classic Multifamily Near Commuter Rail

      Three-unit building near transportation with high bedroom count.
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    • $1,800,000
      0.20 Acres

      Mattapan Development Opportunity

      Commercial and residential development opportunity in Boston's Mattapan neighborhood.
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    • $1,249,000

      Three-Unit Home Near Blue Hill

      Turn-key three-unit home with strong rental income and long-term tenants.
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    Similar Nearby for Lease

    • Contact for pricing
      5,800 SF

      Mattapan Square Retail/Restaurant Space

      5,800 SF retail or restaurant space in Mattapan Square.
      500 River St, Boston, MA 02126
      View Details
    • $1,900 /Mo
      500 SF

      New Retail/Office Space Available

      Prime retail or office space in new construction building.
      1297 Blue Hill Ave, Boston, MA 02126
      View Details
    • $4,500 /Mo
      1,250 SF

      Office/Retail Space in Boston

      Versatile 1250 sqft space suitable for office or retail.
      10 Fairway St, Boston, MA 02126
      View Details
    • Contact for pricing
      24,404 SF

      Mattapan Land for Lease

      Land available for lease in Mattapan, Massachusetts.
      120 Babson St, Mattapan, MA 02126
      View Details
    • $45 SF/Yr

      Turnkey Dental Office For Lease

      Fully built-out dental office in Mattapan Square for immediate occupancy.
      1634 Blue Hill Ave, Boston, MA 02126
      View Details
    • Contact for pricing
      18,500 SF

      Existing School Space Available

      School property for rent in a high-density commercial area.
      1295 Blue Hill Ave, Boston, MA 02126
      View Details
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    577th Riv St
    Mattapan, MA 02126-3016
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    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
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