Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    976 Washington St Dorchester, MA 02124-4648

    • Gas stations
    • 480 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0804007
    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

    • Sunoco Gas Station / Gas Station / Auto Repair Shop
    • Cardtronics / Atm

    Property Details for 976 Washington St

    Year built
    1950
    Construction
    BRICK
    Lot size
    0.35 lot acres
    Property size
    480 SF
    Zone code
    C
    Property type
    Gas stations
    APN
    MATT W:17 P:04212 S:000
    APU
    MATTW17P04212S000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $198,000
      Market price range: $85.7k - $199k

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

    Location Insight

    • Map
    • Local Demand
    City
    Dorchester
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.069
    Latitude
    42.2787
    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
    $15,152
    $291,700
    $307,900
    $599,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $285,000
      825 SF

      213 Park St

      SERVICE STATION (FULL SERVICE) • 825 SF
      213 Park St, Dorchester Center, MA 02124
      View Details
    • Value Estimation
      $315,000
      2,414 SF

      970 Washington St

      SERVICE STATION (FULL SERVICE) • 2,414 SF
      970 Washington St, Dorchester Center, MA 02124-4624
      View Details
    • Value Estimation
      $285,000
      732 SF

      1707 Dorchester Ave

      SERVICE STATION (FULL SERVICE) • 732 SF
      1707 Dorchester Ave, Dorchester Center, MA 02124-2528
      View Details
    • Value Estimation
      $395,000
      1,708 SF

      710 Gallivan Blvd

      GAS STATION • 1,708 SF
      710 Gallivan Blvd, Dorchester Center, MA 02124-5424
      View Details
    • Value Estimation
      $260,000
      1,325 SF

      528 Washington St

      SERVICE STATION (FULL SERVICE) • 1,325 SF
      528 Washington St, Dorchester Center, MA 02124-2028
      View Details
    • Value Estimation
      $240,000
      1,092 SF

      1742 Dorchester Ave, Unit 1748

      SERVICE STATION (FULL SERVICE) • 1,092 SF
      1742 Dorchester Ave, Dorchester Center, MA 02124-2531
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,056 SF

      Boston Commercial Property with Parking

      Commercial property featuring secure parking and drive-in bays.
      18 Talbot Ave, Boston, MA 02124
      View Details
    • $550,000
      1,543 SF

      Dorchester Retail Building For Sale

      Single-tenant retail building in Dorchester Center, Boston.
      603 Washington Street Pl, Dorchester, MA 02124
      View Details
    • $1,790,000

      Dorchester Avenue Corner Storefront Building

      Large corner lot storefront on Dorchester Avenue with high visibility.
      1759-1769 Dorchester Ave, Boston, MA 02124
      View Details
    • $1,430,000

      Dorchester Triplex with High CAP

      Three-unit property in Dorchester with an 8% cap rate.
      849 Blue Hill Ave, Boston, MA 02124
      View Details
    • $1,225,000

      Renovated Multifamily Property For Sale

      Fully renovated, fully leased multifamily property with three spacious units.
      44 Mora St, Boston, MA 02124
      View Details
    • $949,900

      Three-Family House with Development Potential

      Three-family house with flexible floor plans and development potential.
      15 Nightingale St, Boston, MA 02124
      View Details

    Similar Nearby for Lease

    • $7,000 /Mo

      Dorchester Automotive Shop For Rent

      Automotive shop with bays and parking in Dorchester.
      646-648 Washington St, Boston, MA 02124
      View Details
    • Contact for pricing

      Former Bank Branch with Parking

      Former bank branch with dedicated parking available for rent.
      Dorchester, MA 02124
      View Details
    • Contact for pricing

      Retail Space in Dorchester Available

      Second-generation pharmacy space available in Dorchester starting January 2026.
      Boston, MA 02124
      View Details
    • $1,500 /Mo

      Retail/Office Space For Lease

      700 sq ft retail/office space in high-traffic location.
      597 Washington St, Boston, MA 02124
      View Details
    • Contact for pricing
      52,588 SF

      Downtown Boston Office Sublease

      52,588 SF high-end tech sublease in downtown Boston.
      500 Washington St, Boston, MA 02124
      View Details
    • $25 SF/Yr

      Modern Office/Retail Space Available

      Move-in ready office/retail space in Dorchester Center.
      332 Talbot Ave, Boston, MA 02124
      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.
    976 Washington St
    Dorchester, MA 02124-4648
    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.