Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    118 South St, Unit 3A Boston, MA 02111

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Light-filled 950 SF loft near Boston's Financial District.

    Property size:
    950 SF
    Lot size:
    950 SF

    Property Features for 118 South St

    General Information

    Size
    950 SF

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Onnelly T. Parslow
    Source: Corcoran

    Listing Agent: Onnelly T. Parslow

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Corner Loft Office Studio

    Studio 3A is a corner loft office offering approximately 950 square feet of space suitable for creative professionals and entrepreneurs. The office features original fir floors and abundant natural light from west- and south-facing windows equipped with screens. It includes a private kitchen and access to a shared powder room in the common hallway. The tenant is responsible for 32% of the electric and gas utilities. Located near Boston’s Financial District, Midtown, and South Station, the property provides convenient access to Amtrak, Commuter Rail, Logan Airport, I-93, the Mass Pike, and multiple MBTA lines (Orange, Green, and Red via Downtown Crossing).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BIA.studio Architecture Firm Bertaux + Iwerks Architects Architect Maxwell Associates Association Or Organization William Gregory & Associates ... Architect Event Monitor Inc (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.057225
    Latitude
    42.350843

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      MA, Boston - New Chardon Street

      Discover many ways to work your way in MA, Boston - New Chardon Street
      25 New Chardon St, Boston, MA 02114
      View Details
    • $4,500 /Mo
      1,285 SF

      Retail Space in Allston

      Prime retail space in high-traffic Boston location.
      190 Brighton Ave, Boston, MA 02134
      View Details
    • $23 SF/Yr
      14,514 SF

      Turn-Key Auto Body Facility

      Ready-to-use auto body and service garage for lease.
      310 Columbia Rd, Boston, MA 02121
      View Details
    • $2,500 /Mo
      545 SF

      Storefront Lease in Boston Icon

      545 sq ft storefront in Reservoir Towers for lease.
      1931 Commonwealth Ave, Boston, MA 02135
      View Details
    • $12 SF/Yr
      9,200 SF

      Unique Cylindrical Building in Downtown

      Funky, short-term rental space in downtown Boston with parking.
      333 Tremont St, Boston, MA 02116
      View Details
    • Contact for pricing
      82,788 SF

      Furnished Office Space in Boston

      Furnished office space in Boston's Financial District with easy access.
      185 Devonshire St, Boston, MA 02110
      View Details
    • Contact for pricing
      1,099 SF

      Retail Space in Mixed-Use Development

      Retail spaces available in a mixed-use development in Boston.
      89-99 E Dedham St, Boston, MA 02136
      View Details
    • Contact for pricing
      1,099 SF

      Retail Space in Mixed-Use Development

      Retail spaces available in a mixed-use development in Boston.
      123 E Dedham St, Boston, MA 02118
      View Details
    • Contact for pricing
      1,723 SF

      Roxbury Office Space Available

      Modern office space with parking and bike storage in Roxbury.
      1785 Columbus Ave, Roxbury, MA 02119
      View Details
    • Contact for pricing
      5,649 SF

      Renovated Landmark Building with Amenities

      Historic building with modern amenities and convenient location.
      529-543 Main St, Boston, MA 02129
      View Details
    • Contact for pricing
      1,536 SF

      Furnished Office in Back Bay

      Turn-key office suite in Boston's prestigious Somerset building.
      400-418 Commonwealth Ave, Boston, MA 02215
      View Details
    • Contact for pricing
      13,673 SF

      Prime Retail Space in Back Bay

      Exceptional retail opportunity on Newbury Street in Boston's Back Bay.
      360 Newbury St, Boston, MA 02115
      View Details

    FAQs

    What type of property is this?
    Office space - Light-filled 950 SF loft near Boston's Financial District.
    Where is this office space located?
    The property is located at 118 South St, Unit 3A Boston, MA.
    What are key features of this property?
    This property features: - Prime downtown location near Boston's Financial District, Midtown, and South Station with excellent transportation access.; - Spacious 950 sq ft corner loft with abundant natural light.; - Original fir floors and historic character (Year Built: 1900).
    Request Owner's contact information
    118 South St, Unit 3A Boston, MA 02111
    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.
    118 South St, Unit 3A
    Boston, MA 02111
    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
    118 South St, Unit 3A Boston, MA 02111
    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

    We can help!
    Listing Contact
    Onnelly T. Parslow
    Learn more
    Google sign-in failed. Please try again or use another login method.