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    Property profile & analytics

    942 Hyde Park Ave Hyde Park, MA 02136-3269

    • Retail space
    • 45,179 SF
    • 5.24 lot acres
    OFF-MARKET
    Last Sale
    Jun 11, 2024
    $17,800,000
    Value Estimations
    $17,550,000
    Show details
    Cap Rate Potential
    4.1%
    Retail space
    Location Intelligence
    Property ID
    US38-0506578
    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

    • Trager Carpet & Upholstery Care / Upholstery Cleaning Service
    • Dunkin' / Bagel Shop / Coffee Shop
    • CoinFlip Bitcoin ATM / Business To Business Service / Commercial Agent
    • Bank of America ATM / Atm
    • America's Food Basket of Hyde Park / Produce Market / Seafood Market

    Property Details for 942 Hyde Park Ave

    Year built
    1955
    Construction
    BRICK
    Lot size
    5.24 lot acres
    Property size
    45,179 SF
    Zone code
    C
    Property type
    Retail space
    APN
    HYDE W:18 P:07731 S:000
    APU
    HYDEW18P07731S000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $17,800,000
      ML approach
      $17,800,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,155,000
      6.5%
      $11,220,000
      7%
      $10,415,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hyde Park
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.1199
    Latitude
    42.2675
    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
    $242,284
    $6,246,000
    $3,341,800
    $9,587,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $875,000
      7,688 SF

      1661 Hyde Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,688 SF
      1661 Hyde Park Ave, Hyde Park, MA 02136-2457
      View Details
    • Value Estimation
      $260,000
      2,734 SF

      721-725 Riv St

      RETAIL STORES (PERSONAL SERVICES) • 2,734 SF
      721-725 Riv St, Hyde Park, MA 02136
      View Details
    • Value Estimation
      $230,000
      0.14 Acres

      1826 Hyde Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      1826 Hyde Park Ave, Hyde Park, MA 02136
      View Details
    • Value Estimation
      $240,000
      1,000 SF

      53 Fairmount Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      53 Fairmount Ave, Hyde Park, MA 02136-2701
      View Details
    • Value Estimation
      $235,000
      714 SF

      55 Fairmount Ave

      RETAIL STORES (PERSONAL SERVICES) • 714 SF
      55 Fairmount Ave, Hyde Park, MA 02136-2701
      View Details
    • Value Estimation
      $285,000
      1,094 SF

      Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 1,094 SF
      Jackson St, Hyde Park, MA 02136
      View Details

    Similar Nearby for Sale

    • $850,000

      Mixed-Use Redevelopment Opportunity

      Redevelopment opportunity in Hyde Park with mixed-use potential.
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    • $400,000

      High Visibility Commercial Space Boston

      Prime Boston location with high visibility, ideal for retail.
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    • $400,000
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      HIGH VISIBILITY COMMERCIAL SPACE IN PRIME BOSTON LOCATION!

      HIGH VISIBILITY COMMERCIAL SPACE IN PRIME BOSTON LOCATION!
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    • $1,850,000

      Commercial Retail Strip with Parking

      Four-unit retail strip with parking lot in Hyde Park.
      1459-1469 River St, Boston, MA 02136
      View Details
    • $885,000

      Hyde Park Two-Family Gem

      Well-maintained two-family property in Hyde Park with parking.
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    • $975,000

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      Turnkey multifamily property with two updated units in Boston.
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    Similar Nearby for Lease

    • $25 SF/Yr
      1,362 SF

      Retail Space Near Cleary Square

      1,362 SF retail space in high-traffic Boston location.
      1266 Hyde Park Ave, Boston, MA 02136
      View Details
    • Contact for pricing
      1,099 SF

      Retail Space in Mixed-Use Development

      Retail spaces available in a mixed-use development in Boston.
      89-99 E Dedham St, Boston, MA 02136
      View Details
    • Contact for pricing
      750 SF

      Retail Space Near Harvard Avenue

      Retail space with high foot traffic near public transportation.
      128 Harvard Ave, Allston, MA 02136
      View Details
    • $25 SF/Yr
      781 SF

      Retail/Office Space in Hyde Park

      781 SF retail/office space in Cleary Square, Hyde Park.
      1251 River St, Hyde Park, MA 02136
      View Details
    • Contact for pricing
      1,326 SF

      Retail/Office Space in Hyde Park

      1,326 SF retail/office space in Cleary Square.
      1225 River St, Hyde Park, MA 02136
      View Details
    • $25 SF/Yr

      Retail Storefront in Cleary Square

      711 sq ft retail space in high-traffic Cleary Square.
      1255 River St, Boston, MA 02136
      View Details
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    942 Hyde Park Ave
    Hyde Park, MA 02136-3269
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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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