Street-Level Storefront with
For Sale
$900,000
101a-1180 Washington St, Boston, MA 02118
Flexible commercial space with broad windows, covered parking, and exposure to pedestrian and vehicular activity.
Property Size855 SF
Price / SF$1,052
Days on Market41
Property Features for 101a-1180 Washington St
General Information
Standard status
Active
Size
855 SF
Total Parking Spaces
1
Additional Details
Floor
Ground
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$12,833
Amenities
expansive front-facing windows
open flexible floor plan
covered parking space
Listing Agency:
Cabot & Company
(617) 894-2138
Listed By:
Eric Shabshelowitz
(617) 894-2138
Source:
Exprealty
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 29 at 5:38PM
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 Cabot & Company
Investment Insights
Based on property information with market context.
This street-level storefront presents an adaptable commercial layout with expansive windows facing Washington Street and an open interior arrangement. The space includes a covered parking space, adding a dedicated parking option within the property.
Positioned in Boston’s South End along Washington Street, the storefront benefits from exposure to both foot and vehicle traffic. The space is identified for retail, office, studio, wellness, and professional service uses, subject to applicable requirements.
Positioned in Boston’s South End along Washington Street, the storefront benefits from exposure to both foot and vehicle traffic. The space is identified for retail, office, studio, wellness, and professional service uses, subject to applicable requirements.
Key Highlights
- Street‑level storefront on Washington Street
- Expansive front‑facing windows
- Open, flexible floor plan
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
$35,889
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
3.99%
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%
$717,780
$717.8K
Cap Rate 7%
$512,700
$512.7K
Cap Rate 9%
$398,767
$398.8K
Market Conditions
NOI Build-Up for 855 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
$56.4K $66.00/SF
− Vacancy
−$8.6K −$10.03/SF
EGI
$47.9K $55.97/SF
− OpEx
−$12.0K −$13.99/SF
NOI
$35.9K $41.98/SF
Area
ZIP 02118
Vacancy
15.20%
Lease Rate
$66.00 /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%
$717,780
Cap Rate 7%
$512,700
Cap Rate 9%
$398,767
Alternative Uses
Best Use
Office B
$512.7K
$448.6K – $598.2K
NOI $35,889 @ 7.0% cap · market cap 3.99%
Second Best
Retail
$234.7K
$205.4K – $273.8K
NOI $16,429 @ 7.0% cap · market cap 1.83%
Theoretical Best
Office A
$642.5K
$562.2K – $749.6K
NOI $44,976 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,974
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02118, MA
29,073
Population
15,554
Households
1.9
Avg Household Size
36
Median Age
58%
College-Educated
87%
High-School Grad
1.1 sq mi
ZIP Area
26,430
Density / Sq Mi
$90,142
Median Household Income
$73,110
Median Earnings
$1,748
Median Rent
$1,029,100
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?
Storefront property - Flexible commercial space with broad windows, covered parking, and exposure to pedestrian and vehicular activity.
Where is this storefront property located?
The property is located at 101a-1180 Washington St Boston, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Street‑level storefront on Washington Street; Expansive front‑facing windows; Open, flexible floor plan
