Live/Work Condominium Office
For Sale
$775,000
1-b-717 Atlantic Ave, Boston, MA 02110
Commercial live/work condo in an eight-story, 30-unit building with flexible space for office or studio uses.
Property Size770 SF
Price / SF$1,006
Days on Market284
Property Features for 1-b-717 Atlantic Ave
General Information
Standard status
Active
Size
770 SF
Taxes and HOA fees
Annual Taxes
$11,623
Building Details
Stories
8
Tenancy
Multi
Listing Agency:
Douglas Elliman Real Estate - The Sarkis Team
Listed By:
The Sarkis Team · License #1999023818
(617) 875-4950
Source:
Exprealty
Added: Dec 3, 2025
Changed: Sep 5
Last Checked: Sep 12 at 2:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate - The Sarkis Team
Investment Insights
Based on property information with market context.
This 770-square-foot commercial live/work condominium is located within an eight-story, 30-unit residential building. The layout supports a range of commercial uses, including residential live/work, creative studio or arts loft, retail, and professional office use. The space is also suitable for behavioral health office use, such as a psychiatrist or therapist office, depending on the buyer’s intended use.
The property is positioned directly across from South Station and the new Ritz-Carlton luxury residential development featuring 166 units, placing it in a high-visibility, transit-adjacent setting within Boston’s South Station area.
Offered as a condominium unit, the space provides an on-site option for buyers seeking a smaller, flexible commercial footprint within a multi-unit building.
The property is positioned directly across from South Station and the new Ritz-Carlton luxury residential development featuring 166 units, placing it in a high-visibility, transit-adjacent setting within Boston’s South Station area.
Offered as a condominium unit, the space provides an on-site option for buyers seeking a smaller, flexible commercial footprint within a multi-unit building.
Key Highlights
- 770 SF commercial live/work condominium in an eight‑story, 30‑unit building
- Located directly across from South Station
- South Station area location opposite the new Ritz‑Carlton luxury residential development with 166 units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,703
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,060
$454.1K
Cap Rate 7%
$324,329
$324.3K
Cap Rate 9%
$252,256
$252.3K
Market Conditions
NOI Build-Up for 770 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.8K $50.40/SF
− Vacancy
−$8.5K −$11.09/SF
EGI
$30.3K $39.31/SF
− OpEx
−$7.6K −$9.83/SF
NOI
$22.7K $29.48/SF
Area
Boston, MA
Vacancy
22.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,060
Cap Rate 7%
$324,329
Cap Rate 9%
$252,256
Alternative Uses
Best Use
Office B
$324.3K
$283.8K – $378.4K
NOI $22,703 @ 7.0% cap · market cap 2.93%
Second Best
Mixed Use
$268.5K
$235.0K – $313.3K
NOI $18,798 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$576.6K
$504.5K – $672.7K
NOI $40,360 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
15,936
Businesses Nearby
Explore this area
Business Placement
Demographics for 02110, MA
2,921
Population
1,563
Households
1.9
Avg Household Size
49
Median Age
85%
College-Educated
99%
High-School Grad
0.2 sq mi
ZIP Area
14,605
Density / Sq Mi
$132,239
Median Household Income
$111,227
Median Earnings
$3,142
Median Rent
$1,104,700
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Commercial live/work condo in an eight-story, 30-unit building with flexible space for office or studio uses.
Where is this live-work space located?
The property is located at 1-b-717 Atlantic Ave Boston, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 770 SF commercial live/work condominium in an eight‑story, 30‑unit building; Located directly across from South Station; South Station area location opposite the new Ritz‑Carlton luxury residential development with 166 units
