Office Building Near Route
For Sale
Contact for pricing
139-527 Albany St, Boston, MA
Office building with owner-occupant opportunity near Boston.
Property Size7,272 SF
Lot Size0.73 Acres
Price / SF$680.69
Days on Market1456
Property Features for 139-527 Albany St
General Information
Standard status
Active
Size
7,272 SF
Lot size
0.73 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Chinatown
Listing Agency:
Boston Realty Advisors
(617) 375-7900
Listed By:
Joe Wagner · License #9557247
(617) 850-9675
Source:
Moodyscre
Added: Oct 31, 2022
Changed: Oct 24
Last Checked: Oct 24 at 6:34PM
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 Boston Realty Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building offers approximately 11,000 square feet, with approximately 7,000 square feet available for an owner-occupant or tenant on the second floor. Situated at the corner of Malden Street on the north end of Albany Street, the location provides immediate access to Route 93/Southeast Expressway and is within walking distance to Boston. The property includes two off-street parking spots. A loading dock provides access to the second-floor space via a raised exterior platform.
Key Highlights
- Immediate access to Route 93/Southeast Expressway.
- ±7,000 SF available for owner‑occupant or tenant.
- Walking distance to Boston.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,408
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,288,160
$4.3M
Cap Rate 7%
$3,062,971
$3.1M
Cap Rate 9%
$2,382,311
$2.4M
Market Conditions
NOI Build-Up for 7,272 SF
Gross rent
$366.5K $50.40/SF
− Vacancy
−$80.6K −$11.09/SF
EGI
$285.9K $39.31/SF
− OpEx
−$71.5K −$9.83/SF
NOI
$214.4K $29.48/SF
Area
Boston, MA
Vacancy
22.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,288,160
Cap Rate 7%
$3,062,971
Cap Rate 9%
$2,382,311
Alternative Uses
Best Use
Office B
$3.06M
$2.68M – $3.57M
NOI $214,408 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.45M
$4.76M – $6.35M
NOI $381,169 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21,628
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Boston, MA
Frequently Asked Questions
What type of property is this?
Office building - Office building with owner-occupant opportunity near Boston.
Where is this office building located?
The property is located at 139-527 Albany St Boston, MA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Immediate access to Route 93/Southeast Expressway.; ±7,000 SF available for owner‑occupant or tenant.; Walking distance to Boston.
