Office Suite with Private
New
For Sale
Contact for pricing
123 South St Unit 300, Boston, MA 02111
A five-office layout with conference space and a kitchen supports teams of 4 to 12.
Property Size1,500 SF
Price / SF$0.03
Days on Market4
Property Features for 123 South St Unit 300
General Information
Standard status
Active
Size
1,500 SF
Elevators
Yes
Property subtype
Commercial
Site & Location
Neighborhood
Chinatown
Public Transit
Yes
Additional Details
Condition
Move-in Ready
Office Units
1
Property Use
Office
Amenities
conference room
kitchen
high ceilings
central air
24-hour controlled access
Building Details
Year Built
1986
Construction
brick-and-beam
Listing Agency:
Tucker Real Estate Advisors, Inc.
Listed By:
Dodge Tucker
(603) 828-1384
Source:
Lockandkeyre
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:18PM
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 Tucker Real Estate Advisors, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500-square-foot office suite is arranged with five private offices, a conference room and a kitchen. High ceilings, central air and elevator exposure are among its building features, and controlled access is available 24 hours a day. The building dates to 1986.
South Station is within walking distance, with commuter rail, subway and bus service. The Financial District, Chinatown and the Seaport are a short trip away.
South Station is within walking distance, with commuter rail, subway and bus service. The Financial District, Chinatown and the Seaport are a short trip away.
Key Highlights
- Five private offices, a conference room and a kitchen
- 1,500‑square‑foot office suite
- High ceilings and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,226
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,520
$884.5K
Cap Rate 7%
$631,800
$631.8K
Cap Rate 9%
$491,400
$491.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$75.6K $50.40/SF
− Vacancy
−$16.6K −$11.09/SF
EGI
$59.0K $39.31/SF
− OpEx
−$14.7K −$9.83/SF
NOI
$44.2K $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%
$884,520
Cap Rate 7%
$631,800
Cap Rate 9%
$491,400
Alternative Uses
Best Use
Office B
$631.8K
$552.8K – $737.1K
NOI $44,226 @ 7.0% cap · market cap 116,384.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$982.8K – $1.31M
NOI $78,624 @ 7.0% cap · market cap 206,905.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
20,263
Businesses Nearby
Explore this area
Business Placement
Demographics for 02111, MA
9,716
Population
4,535
Households
2.1
Avg Household Size
34
Median Age
57%
College-Educated
83%
High-School Grad
0.2 sq mi
ZIP Area
48,580
Density / Sq Mi
$70,865
Median Household Income
$42,225
Median Earnings
$1,994
Median Rent
$953,400
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
Frequently Asked Questions
What type of property is this?
Office unit - A five-office layout with conference space and a kitchen supports teams of 4 to 12.
Where is this office unit located?
The property is located at 123 South St Unit 300 Boston, MA.
What are key features of this property?
This property features: Five private offices, a conference room and a kitchen; 1,500‑square‑foot office suite; High ceilings and central air
