Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    34-42 Warren St Charlestown, MA 02119

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space in historic Charlestown with harbor views and parking.

    Property size:
    8,244 SF
    Lot size:
    0.31 Acres

    Property Features for 34-42 Warren St

    General Information

    Size
    8,244 SF
    Lot size
    0.31 Acres

    We can help!

    Listing Contact
    Bryan Sparkes
    Source: Moodyscre

    Listing Agent: Bryan Sparkes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Charlestown Office Space with Parking

    This 8,244 square foot property benefits from abundant natural light and oversized windows offering harbor views. It is well-connected to public transportation and within walking distance of popular amenities, combining the charm of one of Boston’s most historic communities with the energy of a thriving, modern business district. The property includes 24 off-street structured parking spaces. Utilities include electricity provided by Eversource, gas provided by National Grid, and city sewer/water.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlestown
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.06152
    Latitude
    42.3733

    Nearby Similar for Lease

    • $44 SF/Yr
      25,135 SF

      Versatile Commercial Space Available

      Adaptable space with amenities, convenient location, and on-site management.
      465 Medford St, Charlestown, MA 02129
      View Details
    • Contact for pricing
      5,260 SF

      Charming Retail Space in Charlestown

      Historic neighborhood retail space with easy access to downtown Boston.
      6 Monument Ave, Charlestown, MA 02129
      View Details
    • Contact for pricing
      16,588 SF

      Charlestown Flex Space Available

      Flex space in Charlestown's emerging life science market.
      440-458 Rutherford Ave, Charlestown, MA 02129
      View Details
    • Contact for pricing
      10,000 SF

      Creative Office Space Available Now

      Creative office space with city and harbor views for rent.
      20 City Sq, Charlestown, MA 02129
      View Details
    • Contact for pricing
      14,294 SF

      Renovated Flex Space Available

      Flex space with industrial and office areas, available 2025.
      10 Dorrance St, Charlestown, MA 02129
      View Details
    • $30 SF/Yr
      72,186 SF

      Charlestown Flex Building For Lease

      187,418 SF flex building in Charlestown available for lease.
      425 Medford St, Charlestown, MA 02129
      View Details
    • Contact for pricing
      25,935 SF

      Charlestown Office Space with Harbor Views

      Office space with harbor views, parking, and private elevator.
      80-100 City Sq, Charlestown, MA 02129
      View Details
    • Contact for pricing
      12,093 SF

      Charlestown Office/Manufacturing Space Available

      Renovated office and light manufacturing space near Sullivan Square.
      56 Roland St, Charlestown, MA 02129
      View Details
    • $50 SF/Yr
      25,800 SF

      Charlestown Office Space Available

      Office space available for rent in Charlestown, Massachusetts.
      96 13Th St, Charlestown, MA 02129
      View Details
    • Contact for pricing
      4,800 SF

      Charlestown Office Space Available

      4,800 SF office space for rent in Charlestown.
      18 Spice St, Charlestown, MA 02129
      View Details

    FAQs

    What type of property is this?
    Office space - Office space in historic Charlestown with harbor views and parking.
    Where is this office space located?
    The property is located at 34-42 Warren St Charlestown, MA.
    What are key features of this property?
    This property features: - 24 off street structured parking spaces; - Oversized windows with harbor views; - Abundant natural light fills the space
    (617) 531-4100
    Request Owner's contact information
    34-42 Warren St Charlestown, MA 02119
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    34-42 Warren St
    Charlestown, MA 02119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    34-42 Warren St Charlestown, MA 02119
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bryan Sparkes
    (617) 531-4100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.