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Property profile & analytics
OFF-MARKET
Estimated value
$177,480,000
Office buildings
60 Ss St, Boston, MA 02111-2759
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0812010
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
252,392 SF
Lot
0.52 ac (22,792 SF)
Zoning code
C
APN
CBOS W:03 P:04300 S:010
UPID
US38-0812010
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
-
National Office Furniture Production Facility Factory
-
Integro Insurance Brokers Insurance Agency
-
Motus (Bike/Boat/Book/etc) Store Corporate Office
-
Trillium Asset Management Corporate Office Financial Advisor
-
Two Financial Center Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$122.12M
Comparable Approach
Comparable
$140.05M
Blend (final)
Blend
$177.48M
Owner & transaction history
Nflsre 2 Financial LLC · 4 yrs held
Nflsre 2 Financial LLC
since 2021
Last sale
$210.0M
3 recorded transactions
Zoning & alternative use
C · Boston, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$169.8M
+21.3%
Auto repair, garage
$148.5M
+6.0%
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
$205,230,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$132,295,000
6.5%
$122,115,000
7%
$113,395,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$140,055,000
Current use
RESTAURANT
$169,825,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$148,505,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$135,630,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$121,565,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$177.48M
Range $159.73M – $195.23M · ±10% · vs last sale $210.00M (Aug 27 2021)
Last sale anchor
$210.00M
Aug 27 2021
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
$703 / 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
$3,430,066
Tax year 2024
Previous assessed
$125,810,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
12
Units
4
Total area
252,392 SF
Lot
0.52 ac (22,792 SF)
Zoning code
C
APN
CBOS W:03 P:04300 S:010
UPID
US38-0812010
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
OFFICE BUILDING Current
Est. value
$140.1M
RESTAURANT
Est. value
$169.8M
AUTO REPAIR, GARAGE
Est. value
$148.5M
RETAIL STORES
Est. value
$135.6M
COMMERCIAL (GENERAL)
Est. value
$121.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2007
Construction
STEEL FRAME
Heating
NONE
Stories
12
Buildings
1
Units
4
Lot
0.52 ac
Current owner
From public records · entity-resolved
Nflsre 2 Financial LLC
Entity
Mailing address
1 LINCOLN ST, BOSTON, MA 02111-2901
Ownership since
2021
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
Aug 27, 2021
$210,000,000
Nflsre 2 Financial LLC
60 South Street LP
Quit Claim Arm's Length For Ne States
—
Dec 3, 2013
—
2 Financial Center LLC
—
Grant Deed
related
$395,000,000 · Wells Fargo Mortgage
Jun 15, 2007
$1
60 South Street LP
Bra
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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