Street-Level Retail
For Sale
$900,000
1180 Washington St # 101A, Boston, MA 02118
Street-level space with expansive front-facing windows and an open, flexible floor plan, plus included covered parking.
Property Size855 SF
Days on Market46
Property Features for 1180 Washington St # 101A
General Information
Standard status
Active
Size
855 SF
Total Parking Spaces
1
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$12,833
Building Details
Building Size
855 SF
Year Built
1999
Listing Agency:
Cabot & Company
Listed By:
Eric Shabshelowitz
(617) 894-2138
Source:
Donnellyandco
Added: Jul 21
Changed: Sep 4
Last Checked: Sep 4 at 10:10AM
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 Cabot & Company
Investment Insights
Based on property information with market context.
This street-level retail suite offers expansive front-facing windows and an open, flexible floor plan designed to support a range of commercial uses. The space is well suited for retail, office, studio, wellness, or professional services, with the flexibility needed for a variety of operating layouts.
Located on Washington Street in Boston’s South End, the property benefits from high visibility and exposure to both foot and vehicle traffic.
An included covered parking space adds practical convenience for customers and staff, an important consideration for day-to-day operations in a busy, urban neighborhood.
Located on Washington Street in Boston’s South End, the property benefits from high visibility and exposure to both foot and vehicle traffic.
An included covered parking space adds practical convenience for customers and staff, an important consideration for day-to-day operations in a busy, urban neighborhood.
Key Highlights
- Street‑level commercial space on Washington Street in Boston’s South End
- Expansive front‑facing windows for strong street‑level exposure
- Open, flexible floor plan suited for retail, office, studio, wellness, or professional services
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
$35,889
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
3.99%
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%
$717,780
$717.8K
Cap Rate 7%
$512,700
$512.7K
Cap Rate 9%
$398,767
$398.8K
Market Conditions
NOI Build-Up for 855 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
$56.4K $66.00/SF
− Vacancy
−$8.6K −$10.03/SF
EGI
$47.9K $55.97/SF
− OpEx
−$12.0K −$13.99/SF
NOI
$35.9K $41.98/SF
Area
ZIP 02118
Vacancy
15.20%
Lease Rate
$66.00 /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%
$717,780
Cap Rate 7%
$512,700
Cap Rate 9%
$398,767
Alternative Uses
Best Use
Office B
$512.7K
$448.6K – $598.2K
NOI $35,889 @ 7.0% cap · market cap 3.99%
Second Best
Retail
$234.7K
$205.4K – $273.8K
NOI $16,429 @ 7.0% cap · market cap 1.83%
Theoretical Best
Office A
$642.5K
$562.2K – $749.6K
NOI $44,976 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12,642
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02118, MA
29,073
Population
15,554
Households
1.9
Avg Household Size
36
Median Age
58%
College-Educated
87%
High-School Grad
1.1 sq mi
ZIP Area
26,430
Density / Sq Mi
$90,142
Median Household Income
$73,110
Median Earnings
$1,748
Median Rent
$1,029,100
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Street-level space with expansive front-facing windows and an open, flexible floor plan, plus included covered parking.
Where is this storefront property located?
The property is located at 1180 Washington St # 101A Boston, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Street‑level commercial space on Washington Street in Boston’s South End; Expansive front‑facing windows for strong street‑level exposure; Open, flexible floor plan suited for retail, office, studio, wellness, or professional services
