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    103 Terrace St, Roxbury Boston, MA 02120

    Sponsored
    For Sale
    $2,800,000

    9,400 SF Over Two Floors Office Building

    Property size:
    9,416 SF

    Description

    Added:
    Jun 11, 2025
    Days on Market:
    223
    Boston Realty Advisors is pleased to present the opportunity to acquire 103 Terrace Street, a highly functional commercial property with parking situated on 0.31 acres of land. This two-story “brick and beam” building consists of wide-open office space on the second floor and the first floor is a combination of a two-story showroom with open mezzanine and true workshop space. 103 Terrace Street is ideal for an owner-occupant given the flexibility of uses and on-site parking. The building can be delivered vacant or with new leases from the existing second floor tenants.

    Location Description
    Located in the thriving Roxbury Crossing neighborhood of Boston, 103 Terrace Street offers unmatched connectivity. The property is within close proximity to Longwood Medical Area and just a short walk from the MBTA Orange Line, providing direct MBTA transit access to the Financial District and Back Bay. Surrounded by an eclectic mix of service-based amenities, the area supports both daily workforce needs and client-facing activities.

    Property Features for 103 Terrace St, Roxbury

    General Information

    Property type
    Office buildings
    Square Feet
    9,416 SF
    Class
    B
    Total Parking Spaces
    10

    Building Details

    Year Built
    1899
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Nick Herz

    Learn more

    Property Insight Report

    HighLights

    • 9,400 square feet over two floors Functional building that allows for a variety of uses On‑site parking Bright "brick & beam" office space Workshop space with supplemental ventilation Located in the path of development with the ability to pursue residential entitlements
    Location Intelligence

    Current Use by Public Records

    New England Design ... Architect Placetailor Architecture Firm Stull & Lee Inc Architect Elton+Hampton Architects Architect Maple Hurst Builders Real Estate Developer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    State
    Massachusetts
    Longitude
    -71.0965533
    Latitude
    42.325538

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    FAQs

    What type of property is this?
    Office building - 9,400 SF Over Two Floors Office Building
    Where is this office building located?
    The property is located at 103 Terrace St, Roxbury Boston, MA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: 9,400 square feet over two floors Functional building that allows for a variety of uses On-site parking Bright "brick & beam" office space Workshop space with supplemental ventilation Located in the path of development with the ability to pursue residential entitlements
    (617) 416-1466
    Request Owner's contact information
    103 Terrace St, Roxbury Boston, MA 02120
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    Boston, MA 02120
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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
    103 Terrace St, Roxbury Boston, MA 02120
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    We can help!
    Listing Contact
    Nick Herz
    (617) 416-1466
    Learn more
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