Brookline Commercial Development
For Sale
$8,900,000
Pending
115 Dummer St, Brookline, MA 02446
Versatile 18,000+ sq ft commercial property near BU.
Property Size18,699 SF
Days on Market188
Property Features for 115 Dummer St
General Information
Standard status
Pending
Size
18,699 SF
Property subtype
Commercial
Zoning
G20, Legal Conforming
Taxes and HOA fees
Annual Taxes
$83,757
Building Details
Building Size
18,699 SF
Year Built
1910
Listing Agency:
Coldwell Banker Realty - Newton
(617) 969-2447
Listed By:
Shari Sklar Jacobson
(617) 512-5169
Source:
Liongatere
Added: Apr 25
Changed: Aug 8
Last Checked: Oct 28 at 5:09AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$394,988
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,899,760
$7.9M
Cap Rate 7%
$5,642,686
$5.6M
Cap Rate 9%
$4,388,756
$4.4M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$630.7K $35.04/SF
− Vacancy
−$104.1K −$5.78/SF
EGI
$526.7K $29.26/SF
− OpEx
−$131.7K −$7.31/SF
NOI
$395.0K $21.94/SF
Area
Norfolk County, MA
Vacancy
16.50%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,899,760
Cap Rate 7%
$5,642,686
Cap Rate 9%
$4,388,756
Alternative Uses
Best Use
Office B
$5.64M
$4.94M – $6.58M
NOI $394,988 @ 7.0% cap · market cap 4.44%
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,731
Businesses Nearby
Explore this area
Business Placement
Demographics for 02446, MA
31,957
Population
15,298
Households
2.1
Avg Household Size
34
Median Age
85%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
24,582
Density / Sq Mi
$127,519
Median Household Income
$73,950
Median Earnings
$2,757
Median Rent
$1,172,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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.
