Free-Standing Flex and
For Sale
$3,250,000
1176 Massachusetts Ave, Boston, MA 02125
A 4,000 SF free-standing building with a large workshop/flex area, 14-foot clear height, and two drive-in doors.
Property Size4,000 SF
Lot Size0.15 Acres
Price / SF$812.50
Days on Market47
Property Features for 1176 Massachusetts Ave
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.15 Acres
Property subtype
Commercial
Zoning
CC
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1911
Listing Agency:
Tucker Real Estate Advisors, Inc.
(617) 721-0947
Listed By:
Dodge Tucker
(603) 828-1384
Source:
Elliman
Added: Jul 9
Changed: Jul 10
Last Checked: Aug 24 at 8:32AM
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 Tucker Real Estate Advisors, Inc.
Investment Insights
Based on property information with market context.
This free-standing commercial building offers a 4,000 SF workshop/flex area supported by a robust concrete block structure. The space is designed around height and access, featuring 14-foot clear heights and two convenient drive-in doors. The CC (Community Commercial) zoning supports flexibility for a range of commercial uses, including automotive, retail, flex space, creative professional, and medical office needs.
The property sits on a highly visible 6,500 SF lot at Massachusetts Ave and Allstate Road, with a Walk Score reported at 91 and strong transit access, including proximity to MBTA lines. Bike score is reported as 70, indicating it is Very Bikeable.
With its combination of workshop-scale area, drive-in accessibility, and commercial zoning, the building is positioned to serve tenants seeking adaptable space for hands-on operations or service-oriented uses.
The property sits on a highly visible 6,500 SF lot at Massachusetts Ave and Allstate Road, with a Walk Score reported at 91 and strong transit access, including proximity to MBTA lines. Bike score is reported as 70, indicating it is Very Bikeable.
With its combination of workshop-scale area, drive-in accessibility, and commercial zoning, the building is positioned to serve tenants seeking adaptable space for hands-on operations or service-oriented uses.
Key Highlights
- 4,000 SF free‑standing commercial building (built 1911) on a highly visible 6,500 SF lot at Massachusetts Ave and Allstate Road
- Large 4,000 SF workshop/flex area with 14‑foot clear heights
- Two convenient drive‑in doors for loading and flexible use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$117,936
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,358,720
$2.4M
Cap Rate 7%
$1,684,800
$1.7M
Cap Rate 9%
$1,310,400
$1.3M
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$201.6K $50.40/SF
− Vacancy
−$44.4K −$11.09/SF
EGI
$157.2K $39.31/SF
− OpEx
−$39.3K −$9.83/SF
NOI
$117.9K $29.48/SF
Area
Boston, MA
Vacancy
22.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,358,720
Cap Rate 7%
$1,684,800
Cap Rate 9%
$1,310,400
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.97M
NOI $117,936 @ 7.0% cap · market cap 3.63%
Second Best
Healthcare Medical
$1.16M
$1.02M – $1.35M
NOI $81,216 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$3.00M
$2.62M – $3.49M
NOI $209,664 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,962
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02125, MA
34,926
Population
14,999
Households
2.3
Avg Household Size
32
Median Age
42%
College-Educated
87%
High-School Grad
2.2 sq mi
ZIP Area
15,875
Density / Sq Mi
$71,810
Median Household Income
$52,106
Median Earnings
$1,897
Median Rent
$645,400
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Max Ultimate Food — 101 Hampden St, Roxbury, MA 02119
- Euromart — 808 Dorchester Ave, Boston, MA 02125
- Max Ultimate Food — 10 Newmarket Square, Boston, MA 02118
- The Waldwin Group — 15 Allerton St # 3, Roxbury, MA 02119
- So Sabe Catering Services — 996 Dorchester Ave, Dorchester, MA 02125
Frequently Asked Questions
What type of property is this?
Flex space - A 4,000 SF free-standing building with a large workshop/flex area, 14-foot clear height, and two drive-in doors.
Where is this flex space located?
The property is located at 1176 Massachusetts Ave Boston, MA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 4,000 SF free‑standing commercial building (built 1911) on a highly visible 6,500 SF lot at Massachusetts Ave and Allstate Road; Large 4,000 SF workshop/flex area with 14‑foot clear heights; Two convenient drive‑in doors for loading and flexible use
