Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Commercial Space with Deeded Parking Title is generated by Realmo AI

    112 Union Wharf, Boston, MA 02109

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,595,000

    First-floor commercial condo with residential conversion option and deeded parking.

    Added:
    Mar 16, 2026
    Days on Market:
    56
    Last Refresh:
    Mar 18 at 7:50 am

    Property Features for 112 Union Wharf

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Carmela Laurella
    Carmela Laurella

    Listing agent Carmela Laurella License #449515857

    Listing office CL Properties

    Listing date Mar 16, 2026

    Source Corcoran

    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 CL Properties

    HighLights

    • Prime Waterfront Location: Steps from North End, Greenway, North/South Station, TD Garden, Downtown Boston, and major transportation.
    • Convertible Residential/Commercial Space: Flexible use with automatic conversion to residential allowed.
    • Deeded Parking: Includes deeded parking with additional parking available.
    • Unique Features: Brick and beams, high ceilings, and floor‑to‑ceiling windows.
    • Comprehensive Amenities: Enjoy 24‑hour gated parking, sea‑side heated pool, on‑site management, marina slips, and common roof deck.
    • Updated and Well‑Equipped: Features central air, track lighting, hardwood floors, washer/dryer hookup, and updated electrical.

    Overview

    This first-floor condominium, conveyed as both residential and commercial property, features a private entry with two means of egress. The space includes brick and beam construction, high ceilings, and deeded parking. Situated towards the harbor's edge, the south-facing unit features floor-to-ceiling windows. Currently used as an office, the layout includes an open space, two private offices, a conference room, a kitchen, and 1.5 bathrooms. The commercial space can automatically convert to residential use. Features include central air, track lighting, hardwood floors, an open vent for a washer/dryer, and updated electrical systems. Additional parking is available. Union Wharf provides 24-hour gated parking, guest parking, a sea-side heated swimming pool, on-site management, marina slips, and a common roof deck. Located on the primary footpath of The Waterfront, it is near The North End, Greenway, North/South Station, TD Garden, and Downtown Boston, with access to major transportation points.
    Location Intelligence

    Current Use by Public Records

    CL Properties Real Estate Agency

    Suggested Use

    Real Estate Agency Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0499612
    Latitude
    42.3654673

    Nearby Similar for Sale

    • $995,000
      3,543 SF

      Dorchester Triplex in Ashmont Hill

      Spacious three-unit property in desirable Ashmont Hill neighborhood.
      64 Fuller Street, Boston, MA 02124
      View Details
    • $749,000
      2,876 SF

      Two-Family Home with Timeless Character

      Two-family home with original features and convenient location.
      52 Larchmont Street, Boston, MA 02124
      View Details
    • $2,500,000
      5,345 SF

      Multifamily Property Near Green Line

      Multifamily property with upside potential near Boston's Green Line.
      588-590 Cambridge St, Boston, MA 02134
      View Details
    • $1,299,000
      2,763 SF

      Renovated Triplex in Dorchester, Boston

      Recently renovated triple decker with one vacant unit in Boston.
      81 Ellington St, Boston, MA 02121
      View Details
    • $729,900
      2,926 SF

      Two-Family Home, Vacant Units

      Two-unit multi-family property in a convenient location, delivered vacant.
      10 Carmen St, Boston, MA 02121
      View Details
    • $949,000
      3,213 SF

      Dorchester Multifamily Investment Opportunity

      Multifamily property in Dorchester with garage parking and modern updates.
      87 Burt St, Boston, MA 02124
      View Details
    • $2,950,000
      5,476 SF

      Brighton Multifamily Investment Opportunity

      Six-family property in prime Brighton location with strong rental potential.
      65-67 Surrey, Boston, MA 02135
      View Details
    • $750,000
      2,446 SF

      Roslindale Multifamily Investment Opportunity

      Two move-in ready units near transportation and Rozzie Square.
      951 Canterbury St, Boston, MA 02131
      View Details
    • $1,350,000
      4,272 SF

      Dorchester Triplex Near Fields Corner

      Renovated triple decker with strong rent roll near T stop.
      20 Corona St, Boston, MA 02124
      View Details
    • $1,650,000
      2,236 SF

      Jamaica Plain Multifamily with Office

      Two-family with office, garages, and expansion potential in Boston.
      30 Allandale St, Boston, MA 02130
      View Details
    • $1,625,000
      1,839 SF

      Renovated Multi-Family Brick Building

      Turn-key, renovated 3-family building near transportation and universities.
      23 Warwick St, Boston, MA 02120
      View Details
    • $719,000
      2,734 SF

      Dorchester Two-Family with Potential

      Spacious two-family in prime location with customization possibilities.
      19 Elmhurst St, Boston, MA 02124
      View Details

    FAQs

    What type of property is this?
    Office units - First-floor commercial condo with residential conversion option and deeded parking.
    Where is this office units located?
    The property is located at 112 Union Wharf Boston, MA.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: Prime Waterfront Location: Steps from North End, Greenway, North/South Station, TD Garden, Downtown Boston, and major transportation.; Convertible Residential/Commercial Space: Flexible use with automatic conversion to residential allowed.; Deeded Parking: Includes deeded parking with additional parking available.
    (617) 624-9700
    We can help!
    Listing Contact
    Carmela Laurella
    Carmela Laurella
    Real Estate License ID: 449515857
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    112 Union Wharf, Boston, MA 02109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!