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Property profile & analytics
OFF-MARKET
Estimated value
$21,500,000
Automotive properties
650 William T Morrissey Blvd 700 Dorchester, MA 02122-3521
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1842111
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2007
Construction
BRICK
Total area
29,736 SF
Lot
2.2 ac (95,836 SF)
Zoning code
C
APN
DORC W:16 P:00222 S:000
UPID
US38-1842111
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
$21.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.43M
Blend (final)
Blend
$21.50M
Owner & transaction history
Bocada Morrissey Blvd LLC · 1 yrs held
Bocada Morrissey Blvd LLC
since 2024
Last sale
$21.5M
6 recorded transactions
Zoning & alternative use
C · Dorchester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.0M
+14.4%
Office building
$18.3M
+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 Dorchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dorchester 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
$21,500,000
ML approach
$21,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$17,495,000
Current use
RESTAURANT
$20,010,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$18,275,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$15,980,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,320,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$21.50M
Range $19.35M – $23.65M · ±10% · vs last sale $21.50M (Oct 1 2024)
Last sale anchor
$21.50M
Oct 1 2024
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
$723 / 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
$170,262
Tax year 2024
Assessed value
$6,737,700
Assessed 2024
Previous assessed
$6,737,700
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$2,568,000
Assessed improvement
$4,169,700
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
29,736 SF
Lot
2.2 ac (95,836 SF)
Zoning code
C
APN
DORC W:16 P:00222 S:000
UPID
US38-1842111
Jurisdiction
BOSTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Dorchester, MA
Zoning C · permitted uses
C · Dorchester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dorchester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$17.5M
RESTAURANT
Est. value
$20.0M
OFFICE BUILDING
Est. value
$18.3M
RETAIL STORES
Est. value
$16.0M
COMMERCIAL (GENERAL)
Est. value
$14.3M
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
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
BRICK
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Bocada Morrissey Blvd LLC
Entity
Mailing address
1300 PONTIAC AVE, CRANSTON, RI 02920-4405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
$21,500,000
Bocada Morrissey Blvd LLC
Expressway Motors LLC
Quit Claim Arm's Length For Ne States
$1 · The Huntington National Bank
Dec 19, 2016
—
Expressway Motors LLC
—
Deed
related
$3,000,000 · Wells Fargo Bank NA
Jan 11, 2007
—
Expressway Motors LLC
—
Deed Of Trust
related
$21,720,000 · Citizens Bank Of Nh
Apr 1, 2005
—
Expressway Motors LLC
—
Deed Of Trust
related
$1,698,113 · Citizens Bank Of Nh
Jan 30, 2002
$3,550,000
Expressway Motors LLC
R T Delaney Fmly LP
Grant Deed
$2,800,000 · Zuckerman Family Nomi
Dec 21, 1999
$1,076,000
Richard T Delaney
Columbia Pontiac Toyot
Grant Deed
$510,000 · Gary Needham
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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