Street-Level Retail
For Sale
Contact for pricing
1180 Washington St, Boston, MA 02118
Open-plan commercial suite with front-facing windows and a covered parking space.
Property Size855 SF
Price / SF$1,052
Days on Market9
Property Features for 1180 Washington St
General Information
Standard status
Active
Size
855 SF
Total Parking Spaces
1
Property subtype
RETAIL
Additional Details
Floor
Ground
Amenities
expansive front-facing windows
covered parking space
Listing Agency:
Cabot & Company
(617) 894-2138
Listed By:
Eric Shabshelowitz
(617) 894-2138
Source:
Moodyscre
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 10 at 10:38AM
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 855-square-foot retail space occupies a street-level position on Washington Street in Boston’s South End. The interior provides an open, adaptable layout with broad windows facing the street, supporting retail, office, studio, wellness, or professional-service uses. A covered parking space is included with the property.
The location offers exposure to both pedestrian and vehicle traffic along Washington Street. Its combination of ground-floor access, flexible interior planning, street-facing glazing, and dedicated covered parking gives the space practical functionality for a range of commercial operations.
The location offers exposure to both pedestrian and vehicle traffic along Washington Street. Its combination of ground-floor access, flexible interior planning, street-facing glazing, and dedicated covered parking gives the space practical functionality for a range of commercial operations.
Key Highlights
- 855 SF street‑level retail space on Washington Street
- Open, flexible floor plan for retail, office, studio, wellness, or professional services
- Expansive front‑facing windows
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
Current Use
Location Intelligence
Trade Area within ½ mile
12,642
Businesses Nearby
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?
Retail space - Open-plan commercial suite with front-facing windows and a covered parking space.
Where is this retail space located?
The property is located at 1180 Washington St 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: 855 SF street‑level retail space on Washington Street; Open, flexible floor plan for retail, office, studio, wellness, or professional services; Expansive front‑facing windows
