118 West Boylston Street, Worcester, MA 01606
Well-maintained commercial building with income potential in a high-demand area.
- Added:
- Mar 17, 2026
- Days on Market:
- 103
- Last Refresh:
- Mar 19 at 11:52 pm
Property Features for 118 West Boylston Street
General Information
- Standard status
- Active
- Size
- 2,201 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1948
Listing office Re/Max Partners (774) 696-1810
Listing date Mar 17, 2026
Source Crexi
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HighLights
- Stand‑alone commercial building in an affluent, high‑demand area.
- Immediate income potential from a long‑standing daycare tenant.
- Versatile layout suitable for daycare, office, medical, or retail use.
- Convenient access to a major highway.
- Off‑street parking available.
- Accessible basement provides valuable storage space.
Overview
Local Financial Insights For Healthcare Medical
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 | $66.0k | $30.00 |
| − Vacancy | −$4.6k | −$2.10 |
| EGI | $61.4k | $27.90 |
| − OpEx | −$24.6k | −$11.16 |
| NOI | $36.8k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8042782
- Latitude
- 42.2932112