Renovated Office Condominium with Private
For Sale
$1,025,000
1 Church Court Unit 1, Boston, MA 02129
Four private suites, reception area, conference room, kitchenette, half bath, and basement storage support a flexible office layout.
Property Size1,995 SF
Days on Market49
Property Features for 1 Church Court Unit 1
General Information
Standard status
Active
Size
1,995 SF
Property subtype
Commercial
Additional Details
Public Transit
Yes
Amenities
private entrance
tin ceilings
marble mantels
towering ceilings
skylight
exposed brick walls
private office suites
conference room
reception area
kitchenette
half bathroom
basement storage area
Building Details
Building Size
1,995 SF
Year Built
1995
Listing Agency:
Gibson Sotheby's International Realty
(617) 242-4222
Listed By:
Frank Celeste · License #449518275
(617) 872-3227
Source:
Iverty
Added: Aug 31
Changed: Oct 16
Last Checked: Oct 16 at 9:48AM
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 Gibson Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This office condominium offers almost 1,200 square feet on one level with a private entrance and a configuration suited to professional office use. The interior has been fully renovated while retaining period character, including tin ceilings and marble mantels. Exposed brick, high ceilings in select areas, and a skylight add architectural distinction. The plan includes four private office suites, a substantial conference room, reception area, kitchenette, half bathroom, and exclusive basement storage.
The property is situated in Thompson Square with access to the Community College T station and a bus stop at the property. The Financial District and major routes are minutes away. A private-way parking option is also available; details are to be confirmed with the agent. The building was constructed in 1995.
The property is situated in Thompson Square with access to the Community College T station and a bus stop at the property. The Financial District and major routes are minutes away. A private-way parking option is also available; details are to be confirmed with the agent. The building was constructed in 1995.
Key Highlights
- Almost 1200SF of office condominium space on one level
- Private entrance with four office suites and a large conference room
- Renovated interior with tin ceilings, marble mantels, exposed brick, and a skylight
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,821
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,420
$1.2M
Cap Rate 7%
$840,300
$840.3K
Cap Rate 9%
$653,567
$653.6K
Market Conditions
NOI Build-Up for 1,995 SF
Gross rent
$100.5K $50.40/SF
− Vacancy
−$22.1K −$11.09/SF
EGI
$78.4K $39.31/SF
− OpEx
−$19.6K −$9.83/SF
NOI
$58.8K $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 Rate 5%
$1,176,420
Cap Rate 7%
$840,300
Cap Rate 9%
$653,567
Alternative Uses
Best Use
Office B
$840.3K
$735.3K – $980.4K
NOI $58,821 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,570 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,826
Businesses Nearby
Explore this area
Business Placement
Demographics for 02129, MA
19,120
Population
9,987
Households
1.9
Avg Household Size
36
Median Age
71%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
13,657
Density / Sq Mi
$157,192
Median Household Income
$101,310
Median Earnings
$2,258
Median Rent
$926,000
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
Frequently Asked Questions
What type of property is this?
Office units - Four private suites, reception area, conference room, kitchenette, half bath, and basement storage support a flexible office layout.
Where is this office units located?
The property is located at 1 Church Court Unit 1 Boston, MA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Almost 1200SF of office condominium space on one level; Private entrance with four office suites and a large conference room; Renovated interior with tin ceilings, marble mantels, exposed brick, and a skylight
