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

    821 Washington St, Unit 1 Boston, MA 02111-1519

    • Commercial real estate
    • 168,584 SF
    • 3.87 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0718428
    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

    • Wisteria Restaurant and Bar / Restaurant
    • DoubleTree by Hilton Hotel Boston - Downtown / Hotel & Motel
    • ATM / Atm
    • Starbucks / Cafe & Coffee Shop
    • Easy Grade Tutorials / Tutoring Service

    Property Details for 821 Washington St

    Lot size
    3.87 lot acres
    Property size
    168,584 SF
    Zone code
    CC
    Property type
    Commercial real estate
    APN
    CBOS W:03 P:05560 S:012
    APU
    CBOSW03P05560S012

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $68,595,000
      6.5%
      $63,315,000
      7%
      $58,795,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $81,200,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0646
    Latitude
    42.3489
    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
    $1,794,971
    $0.00
    $71,031,700
    $71,031,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,095,000
      24,970 SF

      601 Washington St, Unit 601-31

      COMMERCIAL CONDOMINUIM • 24,970 SF
      601 Washington St, Boston, MA 02111-1716
      View Details
    • Value Estimation by Request
      7,428 SF

      131 Tremont St

      Retail properties • 7,428 SF
      131 Tremont St, Boston, MA 02111
      View Details
    • Value Estimation
      $760,000
      2,333 SF

      150 Lincoln St, Unit 1B

      COMMERCIAL CONDOMINUIM • 2,333 SF
      150 Lincoln St, Boston, MA 02111-2504
      View Details
    • Value Estimation
      $585,000
      1,769 SF

      179 Essex St

      COMMERCIAL CONDOMINUIM • 1,769 SF
      179 Essex St, Boston, MA 02111-2618
      View Details
    • Value Estimation
      $2,465,000
      1,775 SF

      31-33 Kingston St, Unit 2

      COMMERCIAL CONDOMINUIM • 1,775 SF
      31-33 Kingston St, Boston, MA 02111
      View Details
    • Value Estimation
      $1,415,000
      6,780 SF

      176 Tremont St

      COMMERCIAL CONDOMINUIM • 6,780 SF
      176 Tremont St, Boston, MA 02111
      View Details

    Similar Nearby for Sale

    • $47,500
      0.23 Acres

      Deeded Garage Parking Spot

      Garage parking spot in the heart of Boston, near Boston Common.
      151 Tremont St, Boston, MA 02111
      View Details
    • New
      $56,500
      0.23 Acres

      Deeded Parking Spot in Boston

      Garage parking spot in the heart of Boston Common.
      151 Tremont St, Boston, MA 02111
      View Details
    • Contact for pricing
      860 SF

      Chinatown Commercial Space For Sale

      Commercial space in Chinatown with high foot and car traffic.
      32 Kneeland St, Boston, MA 02111
      View Details
    • $308,000
      449 SF

      Boston Office Condo - Lincoln St

      449 SF Vacant Office Condo, Prime Location
      200 Lincoln St, Boston, MA 02111
      View Details
    • $320,000
      504 SF

      200 Lincoln St

      Office Properties & Spaces • 504 SF
      200 Lincoln St, Boston, MA 02111
      View Details
    • $989,000

      Leather District Commercial Loft Condo

      Spacious commercial loft condo in Boston's Leather District.
      130B Lincoln St, Boston, MA 02111
      View Details

    Similar Nearby for Lease

    • $4,350 /Mo
      1,000 SF

      Chinatown Corner Lot Storefront Space

      Storefront commercial space in Chinatown, suitable for various businesses.
      106 Tyler St, Boston, MA 02111
      View Details
    • $1,800 /Mo

      First Floor Office Space Available

      465 sq ft office space in the Leather District.
      200 Lincoln St, Boston, MA 02111
      View Details
    • Contact for pricing
      3,226 SF

      Downtown Office Space Available

      Full floor office space in downtown Boston near South Station.
      727 Atlantic Ave, Boston, MA 02111
      View Details
    • Contact for pricing
      1,480 SF

      Turnkey Cafe Space Near South Station

      Fully built-out cafe space in Leather District near South Station.
      745 Atlantic Ave, Boston, MA 02111
      View Details
    • Contact for pricing
      10,400 SF

      Adaptable Flex Building in Brighton

      10,400 SF freestanding flex building in the heart of Brighton.
      86 Lincoln St, Boston, MA 02111
      View Details
    • $1,650 /Mo
      950 SF

      Corner Loft Office Studio

      Light-filled 950 SF loft near Boston's Financial District.
      118 South St, Boston, MA 02111
      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.
    821 Washington St, Unit 1
    Boston, MA 02111-1519
    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.