103 Terrace Street Boston, MA 02120
Two-story building with office, showroom, and workshop space for sale.
Property Features for 103 Terrace Street
General Information
- Standard status
- Active
- Size
- 9,400 SF
Building Details
- Year Built
- 1899
Listing office Boston Realty Advisors
Listing date Jun 9, 2025
Source Corcoran
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Investment Insights
Based on property information with market context.
Key Highlights
- Two‑story "brick and beam" building with flexible uses.
- Ideal for owner‑occupant.
- On‑site parking available.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $236.9k | $25.20 |
| − Vacancy | −$20.1k | −$2.14 |
| EGI | $216.7k | $23.06 |
| − OpEx | −$65.0k | −$6.92 |
| NOI | $151.7k | $16.14 |
