Street-Level Retail Space with
For Sale
$900,000
1180 Washington Street Unit 101A, Boston, MA 02118
Street-level retail/office space with expansive front-facing windows, flexible open layout, and covered parking in Boston’s South End.
Property Size855 SF
Price / SF$1,052
Days on Market27
Property Features for 1180 Washington Street Unit 101A
General Information
Standard status
Active
Size
855 SF
Total Parking Spaces
1
Property subtype
Commercial
Building Details
Year Built
1999
Listing Agency:
Cabot & Company
Listed By:
Eric Shabshelowitz
(617) 680-0690
Source:
Inrealtyinc
Added: Jul 17
Changed: Aug 8
Last Checked: Aug 12 at 3:57AM
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.
Available for sale is street-level commercial space located at 1180 Washington Street, Unit 101A, in Boston’s South End. The unit is configured with expansive front-facing windows and an open, flexible floor plan designed to support a variety of business uses.
The space benefits from highly visible Washington Street frontage, with exposure to both foot and vehicle traffic. A covered parking space is included, which can be a practical convenience in this busy neighborhood.
While best suited for a range of retail and professional service needs, the flexible interior layout and storefront presentation make the space a strong fit for businesses seeking direct street presence.
The space benefits from highly visible Washington Street frontage, with exposure to both foot and vehicle traffic. A covered parking space is included, which can be a practical convenience in this busy neighborhood.
While best suited for a range of retail and professional service needs, the flexible interior layout and storefront presentation make the space a strong fit for businesses seeking direct street presence.
Key Highlights
- Street‑level commercial space in Boston’s South End built in 1999
- Prime Washington Street location with highly visible, expansive front‑facing windows
- Open, flexible floor plan suitable 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
Current Use
Location Intelligence
Trade Area within ½ mile
474
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 - Street-level retail/office space with expansive front-facing windows, flexible open layout, and covered parking in Boston’s South End.
Where is this retail space located?
The property is located at 1180 Washington Street Unit 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 in Boston’s South End built in 1999; Prime Washington Street location with highly visible, expansive front‑facing windows; Open, flexible floor plan suitable for retail, office, studio, wellness, or professional services
