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

    88 Broad St Boston, MA 02110-3407

    • Office buildings
    • 65,610 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $16,380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1623333
    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

    • Syntagma Group / Employment Agency
    • Anthony Drago, Jr. / Immigration Attorney / Immigration & Naturalization Service
    • Palladion Services, LLC / Security Service
    • Browne Realty Advisors / Commercial Real Estate Agency
    • Sunderland Law LLC / Law Firm

    Property Details for 88 Broad St

    Year built
    1899
    Construction
    CONCRETE
    Lot size
    0.17 lot acres
    Property size
    65,610 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    CBOS W:03 P:03983 S:000
    APU
    CBOSW03P03983S000

    Description

    This exceptional executive office suite, located at 88 Broad Street in Boston's vibrant financial district, offers 2,315 square feet of move-in ready space on the fifth floor of an eight-story building. The property boasts a unique boutique style with direct elevator access, maximizing convenience and privacy. Enjoy abundant natural light from window exposure on all sides, including harbor views from the upper floors. The building's exterior features a striking brick and stone façade, complemented by energy-efficient, double-glazed windows. Recent upgrades include a new HVAC system with five heat pumps per floor, updated bathrooms, and modern, redesigned elevators. The building also features a newly installed electrical system tailored to tenant specifications and a comprehensive fire protection system. A spacious, three-level lobby with handicapped accessibility provides a welcoming entrance. The 0.17-acre lot houses a single building with a total of 4,454 square feet, zoned C (Commercial). The building's modern amenities and prime location make it an ideal space for discerning businesses. Additional suites may be available. Property APN: W:03 P:03983 S:000. No on-site parking is available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $25,695,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $21,650,000
      Change: -16% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $20,920,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0524
    Latitude
    42.3576
    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
    $481,704
    $7,718,500
    $11,343,800
    $19,062,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      62 Long Wharf

      OFFICE BUILDING • 0.04 Acres
      62 Long Wharf, Boston, MA 02110
      View Details
    • Value Estimation
      $5,005,000
      22,872 SF

      295 Devonshire St Ste, Unit 299

      OFFICE BUILDING • 22,872 SF
      295 Devonshire St Ste, Boston, MA 02110-1266
      View Details
    • Value Estimation
      $16,110,000
      80,740 SF

      70 Long Wharf

      OFFICE BUILDING • 80,740 SF
      70 Long Wharf, Boston, MA 02110-3602
      View Details
    • Value Estimation
      $5,975,000
      24,000 SF

      65 Franklin St, Unit 71

      OFFICE BUILDING • 24,000 SF
      65 Franklin St, Boston, MA 02110-1303
      View Details
    • Value Estimation
      $8,300,000
      29,690 SF

      59-63 Franklin St

      OFFICE BUILDING • 29,690 SF
      59-63 Franklin St, Boston, MA 02110
      View Details
    • Value Estimation
      $20,240,000
      85,646 SF

      194 High St, Unit 208

      OFFICE BUILDING • 85,646 SF
      194 High St, Boston, MA 02110-3020
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,118,655 SF

      Class A Office Space Available

      23,173 SF of Class A office space for sale.
      100 Summer St, Boston, MA 02110
      View Details
    • $80,000

      Prime Boston Parking Space

      Valet Parking in Heated Garage
      80 Broad St, Boston, MA 02110
      View Details
    • $80,000

      Prime Boston Parking Space

      Valet Parking in Heated Garage
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      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      2,696 SF

      Boutique Office Building in Financial District

      Stand-alone office building with harbor views and modern amenities.
      88 Broad St, Boston, MA 02110
      View Details
    • Contact for pricing

      Landmark Office Building For Rent

      24-story office building, renovated in 1986, linked to 28-story tower.
      160 Federal St, Boston, MA 02110
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    • Contact for pricing
      6,000 SF

      First-Class Office Building in Boston

      Four-story office building in Boston's Financial District.
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      1,265 SF

      83 Atlantic Ave # B Boston

      83 Atlantic Ave # B Boston
      83 Atlantic Avenue, Boston, MA 02110
      View Details
    • Contact for pricing
      4,689 SF

      Class A Office in Financial District

      Modern office space with amenities and transit access in Boston.
      99 Summer St, Boston, MA 02110
      View Details
    • $32 SF/Yr
      6,717 SF

      Boutique Office Building in Boston

      Unique office space in the heart of the financial district.
      88 Broad St, Boston, MA 02110
      View Details
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    88 Broad St
    Boston, MA 02110-3407
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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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