Brookline Commercial Development
115 Dummer St Brookline, MA 02446
For Sale
$8,900,000
Versatile 18,000+ sq ft commercial property near BU.
Property Size18,000 SF
Price / SF$494.44
Days on Market93
Property Features for 115 Dummer St
General Information
- Standard status
- Active
- Size
- 18,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing Agency:
Coldwell Banker Realty - Newton
(617) 512-5169
Listed By:
Shari Sklar Jacobson
(617) 512-5169
Source:
Liongatere
Added: Apr 25
Changed: Jul 10
Last Checked: Jul 26 at 3:47AM
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 Coldwell Banker Realty - Newton
Investment Insights
Based on property information with market context.
This free-standing commercial property in Brookline offers over 18,000 square feet of space. The building is situated near Boston University and features a flexible, open floor plan suitable for various commercial or creative uses. The property includes more than 10 on-site parking spaces, a fully equipped kitchen with a dedicated dining area, and a large drive-in studio space measuring 48' x 48'. It also contains multiple private offices, several conference rooms, and a reception area. The property has 4 half baths and separate entrances. Located one block from Commonwealth Avenue, the property provides convenient access to public transportation, shops, and restaurants. It is also in close proximity to Fenway, Back Bay, I-90 (Mass Pike), and Storrow Drive.
Key Highlights
- Exceptional commercial development opportunity in a sought‑after Brookline location near BU.
- Expansive 18,000+ sq ft free‑standing building with flexible floor plan.
- 10+ on‑site parking spaces, a rare amenity in this area.
Financial Insights For Office B
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 | $976.3k | $54.24 |
| − Vacancy | −$214.8k | −$11.93 |
| EGI | $761.5k | $42.31 |
| − OpEx | −$190.4k | −$10.58 |
| NOI | $571.1k | $31.73 |
18,000 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.16M
$7.14M – $9.52M
NOI $571,147 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.66M
$9.32M – $12.43M
NOI $745,915 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Video Transfer
IT Consulting Firm
National Boston
Film Production
Lo Conte 2 ...
Art Gallery
Rumblestrip Audio
Newspaper & Magazine
FAQs
What type of property is this?
Office building - Versatile 18,000+ sq ft commercial property near BU.
Where is this office building located?
The property is located at 115 Dummer St Brookline, MA.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: Exceptional commercial development opportunity in a sought‑after Brookline location near BU.; Expansive 18,000+ sq ft free‑standing building with flexible floor plan.; **10+ on‑site parking spaces**, a rare amenity in this area.
