Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    722 Commonwealth Ave Boston, MA 02215-2437

    • Investment properties
    • 24,955 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $3,920,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0671740
    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

    • Dugout Cafe / Bar / Cafe
    • ATM / Atm

    Property Details for 722 Commonwealth Ave

    Year built
    1899
    Construction
    BRICK
    Lot size
    0.17 lot acres
    Property size
    24,955 SF
    Zone code
    RC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    CBOS W:21 P:00323 S:000
    APU
    CBOSW21P00323S000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.106
    Latitude
    42.3496
    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
    $0.00
    $1,105,200
    $1,105,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $820,000
      4,212 SF

      14 Aberdeen St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,212 SF
      14 Aberdeen St, Boston, MA 02215-3800
      View Details
    • Value Estimation
      $1,590,000
      5,862 SF

      187 Bay State Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,862 SF
      187 Bay State Rd, Boston, MA 02215-1508
      View Details
    • Value Estimation
      $1,560,000
      7,245 SF

      914 Beacon St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,245 SF
      914 Beacon St, Boston, MA 02215-3017
      View Details
    • Value Estimation
      $12,070,000
      77,940 SF

      108 Kilmarnock St

      OFFICE/RESIDENTIAL (MIXED USE) • 77,940 SF
      108 Kilmarnock St, Boston, MA 02215-5122
      View Details
    • Value Estimation
      $1,910,000
      8,092 SF

      485 Commonwealth Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 8,092 SF
      485 Commonwealth Ave, Boston, MA 02215-2204
      View Details
    • Value Estimation
      $10,740,000
      57,658 SF

      1106-1110 Commonwealth Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 57,658 SF
      1106-1110 Commonwealth Ave, Boston, MA 02215
      View Details

    Similar Nearby for Sale

    • $2,399,000

      Medical/Flex Condo in Growing MSA

      Multi-tenant medical/flex condo in Boston, offering value-add potential.
      400 Commonwealth 2G, Boston, MA 02215
      View Details
    • $249,900

      Renovated Studio in Kenmore Square

      Updated studio with balcony in luxury Kenmore Square building.
      566 Commonwealth Ave 804, Boston, MA 02215
      View Details
    • $11,250,000

      Boston Multifamily Investment Opportunity

      22-unit portfolio in Audubon Circle, Fenway and Longwood neighborhoods.
      132 St. St Mary's, Boston, MA 02215
      View Details
    • $825,000

      Fenway Restaurant with Liquor License

      Turn-key restaurant in Fenway with a full liquor license.
      914 Beacon St, Boston, MA 02215
      View Details
    • $99,000

      Back Bay Parking Space For Sale

      Parking space available in Back Bay, Kenmore, and Fenway neighborhoods.
      64 Charlesgate East, Boston, MA 02215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Commonwealth Avenue Retail Space

      Retail space on Commonwealth Avenue near Boston University.
      1065 Commonwealth Ave, Boston, MA 02215
      View Details
    • Contact for pricing
      16,280 SF

      Kenmore Square Office Space

      Office space in the heart of Kenmore Square.
      540 Commonwealth Ave, Boston, MA 02215
      View Details
    • Contact for pricing
      1,500 SF

      Allston Warehouse Space Available Now

      1,500 SF storage space with drive-in door in Allston.
      1354 Commonwealth Ave, Allston, MA 02215
      View Details
    • Contact for pricing
      1,590 SF

      Retail Space with Pylon Sign

      Retail space for rent in a high-traffic Boston location.
      1084 Boylston St, Boston, MA 02215
      View Details
    • Contact for pricing
      1,536 SF

      Furnished Office in Back Bay

      Turn-key office suite in Boston's prestigious Somerset building.
      400-418 Commonwealth Ave, Boston, MA 02215
      View Details
    • $27 SF/Yr
      41,232 SF

      Boston Office/Flex Space for Lease

      Versatile Office Space, Prime Location
      1050 Commonwealth Ave, Boston, MA 02215
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    722 Commonwealth Ave
    Boston, MA 02215-2437
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.