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

    7 Harvard St, Unit 15 Brookline, MA 02445-7970

    • Retail space
    • 11,692 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2022
    Value Estimations
    $1,915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0830260
    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

    • Mandla Nkosi Optimum Performance / Personal Trainer / Health Consultant
    • Freeman & Freeman / Divorce Lawyer / Family Law Attorney
    • Mackin Group Inc / Property Management Company
    • Metro 711 inc. / Garbage Collection Service

    Property Details for 7 Harvard St

    Year built
    1880
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    11,692 SF
    Zone code
    G20
    Property type
    Retail space
    APN
    BROO B:140A L:0005 S:0000
    APU
    BROOB140AL0005S0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,418,000
      Market price range: $1.86M - $5.16M
      AI Estimate
      $1,447,000
      Market price range: $1.12M - $2.77M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,990,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookline
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1185
    Latitude
    42.3337
    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
    $87,437
    $1,827,900
    $3,500,400
    $5,328,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,080,000
      11,306 SF

      1680th Beacon St1641-1651

      RETAIL STORES (PERSONAL SERVICES) • 11,306 SF
      1680th Beacon St1641-1651, Brookline, MA 02445-2180
      View Details
    • Value Estimation
      $1,110,000
      4,072 SF

      1680th Beacon St1653-1655

      RETAIL STORES (PERSONAL SERVICES) • 4,072 SF
      1680th Beacon St1653-1655, Brookline, MA 02445-2180
      View Details
    • Value Estimation
      $1,310,000
      5,320 SF

      14 Harvard St, Unit 24

      RETAIL STORES (PERSONAL SERVICES) • 5,320 SF
      14 Harvard St, Brookline, MA 02445-7905
      View Details
    • Value Estimation
      $1,295,000
      5,678 SF

      160 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 5,678 SF
      160 Washington St, Brookline, MA 02445-7612
      View Details
    • Value Estimation
      $870,000
      3,960 SF

      190 Washington St, Unit 200

      RETAIL STORES (PERSONAL SERVICES) • 3,960 SF
      190 Washington St, Brookline, MA 02445-7623
      View Details
    • Value Estimation
      $1,885,000
      7,078 SF

      1680th Beacon St1696-1706

      RETAIL STORES (PERSONAL SERVICES) • 7,078 SF
      1680th Beacon St1696-1706, Brookline, MA 02445-2180
      View Details

    Similar Nearby for Sale

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      Boylston Street Development Site

      Development site available for sale on Boylston Street.
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      Two-family home with original details, ready for renovation.
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    Similar Nearby for Lease

    • Contact for pricing
      1,282 SF

      Retail Space on Harvard Street

      Retail space available on Harvard Street in Brookline, MA.
      75-87 Harvard St, Brookline, MA 02445
      View Details
    • Contact for pricing
      5,140 SF

      Retail/Restaurant Space in Chestnut Hill

      New mixed-use building with retail space for lease.
      1180 Boylston St, Brookline, MA 02445
      View Details
    • Contact for pricing
      797 SF

      Retail Space Near Whole Foods

      Retail space available immediately, adjacent to Whole Foods.
      5 Washington St, Brookline, MA 02445
      View Details
    • $3,500 /Mo
      650 SF

      Retail Space Near Public Transit

      Retail space in prime location, near public transportation.
      368 Boylston St, Brookline, MA 02445
      View Details
    • $3,000 /Mo
      650 SF

      Retail Space in Brookline, MA

      Prime retail space with natural light and great visibility.
      358 Boylston St, Brookline, MA 02445
      View Details
    • $30 SF/Yr
      2,993 SF

      Brookline Village Office Space Available

      Office space in Brookline Village with high ceilings and windows.
      1 Harvard St, Brookline, MA 02445
      View Details
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    7 Harvard St, Unit 15
    Brookline, MA 02445-7970
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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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