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    662 Cummins Hwy Mattapan, MA 02126-3243
    Property profile & analytics

    662 Cummins Hwy, Mattapan, MA 02126-3243

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    • Investment properties
    • 2,788 SF
    • 0.09 lot acres
    Off-Market
    Property ID
    US38-0216065
    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.
    Value Estimations
    $670,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 662 Cummins Hwy

    Year built
    1935
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Zone code
    RC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    MATT W:18 P:02581 S:000
    APU
    MATTW18P02581S000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 16, 2017 — Ernst Termidor — Deed · related $300k · Loandepot.com LLC
    May 17, 2012 $237,500 Ernst Termidor Us Bank NA Quit Claim Arm's Length For Ne States $228k · Mortgage Master INC
    Dec 21, 2011 $176,250 Us Bank NA Cadet,marianne One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds · related —
    Apr 26, 2006 — Marianne Cadet — Deed Of Trust · related $400k · Chase Manhattan Bank
    Apr 11, 2005 — Marianne Cadet — Deed Of Trust · related $359k · First Magnus Financial Corp
    Apr 16, 2003 — Michael Chavannes — Deed Of Trust · related $40k · Boston Firefighters Cu
    Jan 13, 2003 — Florian Assoc INC — Deed Of Trust · related $200k · Boston Firefighters Cu
    Oct 31, 2002 — Michael A Chavannes — Deed Of Trust · related $245k · Members Mortgage
    Jun 10, 2002 — Michael A Chavannes — Deed Of Trust · related $40k · Boston Firefighters Cu
    Feb 6, 2002 — Michael A Chavannes — Deed Of Trust · related $204k · Members Mortgage
    May 31, 2000 $391,705 Firefighters Cu Boston Florian Assoc INC Land Court · related —
    Jul 2, 1997 — Florian Assoc INC — Deed Of Trust · related $125k · Boston Firefighters Cu
    May 16, 1995 — Florian Assocs INC — Deed Of Trust · related $25k · Boston Firefighters Cu
    Jan 10, 1995 — Florian Associates INC — Deed Of Trust · related $60k · Internatl Firefighter
    Mar 18, 1994 — Gludinile Adams — Deed Of Trust · related $103k · Medallion Mortgage Co
    Mar 7, 1989 — Florian Associates — Deed Of Trust · related $450k · Woburn Five Cent Savings
    — — Ernst Termidor — Deed Of Trust · related $300k · Loandepot.com LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mattapan
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.1051
    Latitude
    42.2717
    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
    $0.00
    $101,000
    $259,100
    $360,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
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      41,408 SF

      1261 Blue Hl Ave, Unit 1299

      OFFICE/RESIDENTIAL (MIXED USE)
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    • Value Estimation
      $9,350,000
      33,280 SF

      760 Cummins Hwy

      OFFICE/RESIDENTIAL (MIXED USE)
      760 Cummins Hwy, Mattapan, MA 02126-3267
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    • Value Estimation
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      3,228 SF

      655 Morton St

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    • Value Estimation
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      3,954 SF

      712-714 Morton St

      OFFICE/RESIDENTIAL (MIXED USE)
      712-714 Morton St, Mattapan, MA 02126
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    • Value Estimation
      $1,400,000
      2,935 SF

      487 Norfolk St

      OFFICE/RESIDENTIAL (MIXED USE)
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    Similar Nearby for Sale

    • Contact for pricing

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      21,920 SF

      Mixed-Use Development Opportunity in Mattapan

      Mixed-use development with approved plans for 16 residential units.
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      21,920 SF

      Mixed-Use Development Opportunity in Mattapan

      Mixed-use development with approved plans for 16 residential units.
      1525 Blue Hill Ave, Boston, MA 02126
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      21,920 SF

      Mixed-Use Development Opportunity in Mattapan

      Mixed-use development with approved plans for 16 residential units.
      1525 Blue Hill Ave, Boston, MA 02126
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    • Contact for pricing

      ZBA Approved Project Opportunity

      ZBA approved project with 29 residential units and retail.
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      Commercial property for sale on Blue Hill Avenue, Boston.
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    Similar Nearby for Lease

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      18,500 SF

      Existing School Space Available

      School property for rent in a high-density commercial area.
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    • New
      Contact for pricing
      18,500 SF

      Existing School Facility for Lease

      Lease a sizable existing school space on a high-density commercial corridor for educational and specialty uses.
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      25,191 SF

      Mattapan Retail Space For Lease

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    • Contact for pricing
      5,800 SF

      Mattapan Square Retail/Restaurant Space

      5,800 SF retail or restaurant space in Mattapan Square.
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    Mattapan, MA 02126-3243
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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.

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