Boston Flex
For Sale
Contact for pricing
1217-1227 Hyde Park Ave, Boston, MA 02136
Flex building offering adaptable commercial space within a designated neighborhood shopping and downtown district.
Property Size24,700 SF
Lot Size0.53 Acres
Price / SF$242.91
Days on Market20
Property Features for 1217-1227 Hyde Park Ave
General Information
Standard status
Active
Size
24,700 SF
Total Parking Spaces
50
Lot size
0.53 Acres
Property subtype
Retail, Office, Industrial
Zoning
Hyde Park Neighborhood, Neighborhood Shopping, NDOD "Downtown"
Listing Agency:
The Stubblebine Company
Listed By:
Danny Cruz · License #MA
(781) 862-6168
Source:
Crexi
Added: Aug 14
Changed: Aug 31
Last Checked: Sep 1 at 4:15AM
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 The Stubblebine Company
Investment Insights
Based on property information with market context.
The property is a 24,700-square-foot flex building situated on a 0.53-acre parcel at 1217-1227 Hyde Park Ave in Boston, Massachusetts. Its flex-space classification supports a commercial building profile with adaptable floor-area potential.
The site carries zoning designations for Hyde Park Neighborhood, Neighborhood Shopping, and NDOD "Downtown," placing the property within multiple specified neighborhood and commercial planning categories.
The site carries zoning designations for Hyde Park Neighborhood, Neighborhood Shopping, and NDOD "Downtown," placing the property within multiple specified neighborhood and commercial planning categories.
Key Highlights
- 24,700 SF flex building
- 0.53‑acre site
- Located at 1217‑1227 Hyde Park Ave in Boston, MA
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
$267,316
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
4.46%
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%
$5,346,320
$5.3M
Cap Rate 7%
$3,818,800
$3.8M
Cap Rate 9%
$2,970,178
$3.0M
Market Conditions
NOI Build-Up for 24,700 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
$444.6K $18.00/SF
− Vacancy
−$33.3K −$1.35/SF
EGI
$411.3K $16.65/SF
− OpEx
−$143.9K −$5.83/SF
NOI
$267.3K $10.82/SF
Area
Boston, MA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$5,346,320
Cap Rate 7%
$3,818,800
Cap Rate 9%
$2,970,178
Alternative Uses
Best Use
Flex RnD
$3.82M
$3.34M – $4.46M
NOI $267,316 @ 7.0% cap · market cap 4.46%
Second Best
Industrial
$3.71M
$3.25M – $4.33M
NOI $259,952 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$18.50M
$16.18M – $21.58M
NOI $1,294,675 @ 7.0% cap · market cap 21.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02136, MA
35,102
Population
14,031
Households
2.5
Avg Household Size
39
Median Age
32%
College-Educated
88%
High-School Grad
4.6 sq mi
ZIP Area
7,631
Density / Sq Mi
$96,862
Median Household Income
$50,793
Median Earnings
$1,772
Median Rent
$566,300
Median Home Value
Market
Vacancy Rate% for Industrial in Boston, MA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex building offering adaptable commercial space within a designated neighborhood shopping and downtown district.
Where is this flex space located?
The property is located at 1217-1227 Hyde Park Ave Boston, MA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 24,700 SF flex building; 0.53‑acre site; Located at 1217‑1227 Hyde Park Ave in Boston, MA
