Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    939 Boylston Street Boston, MA 2115

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $125 SF/Yr

    Rare commercial space with frontage on Boylston and Hereford.

    Added:
    Apr 22, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 22 at 12:11 pm

    Property Features for 939 Boylston Street

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1899

    We can help!

    Listing Contact
    Stephen Pleines

    Listing agent Stephen Pleines

    Listing office Eastern Land Company

    Listing date Apr 22, 2026

    Source Liongatere

    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 Eastern Land Company

    Overview

    Boylston Street Retail Space Available

    A commercial space is available at the base of the historic Tennis & Racquet Club, situated at the corner of Boylston Street and Hereford Street. The space features approximately 135 feet of frontage along Boylston Street, wrapping around Hereford Street. The space includes large windows, double-high ceilings, fireplaces, and crown moldings, providing ample natural light. Previously used as a restaurant, this space is suitable for commercial use.
    Location Intelligence

    Current Use by Public Records

    San Antonio Snacks ... Big Box & Wholesale Store Tennis & Racquet Club Sports School The Red Room at Cafe ... Hotel & Motel Cafe 939 Hotel & Motel

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0850503
    Latitude
    42.3482389

    Nearby Similar for Lease

    • $23 SF/Yr

      Turn-Key Auto Body Facility

      Ready-to-use auto body and service garage for lease.
      310 Columbia Rd, Boston, MA 02121
      View Details
    • $790/Mo

      Functional Office Suite Near Roslindale

      First-floor office suite near Roslindale Sq. with included utilities.
      16 Cohasset St. #103A, Boston, MA 02131
      View Details
    • $6,000/Mo

      Remodeled Office Suite in Back Bay

      Newly remodeled office suite in a prestigious Back Bay location.
      160 Commonwealth Ave #3A, Boston, MA 02116
      View Details
    • $1,700/Mo

      Retail Space Near Financial District

      Retail space near Chinatown and Financial District, ideal for various uses.
      200 Lincoln St 102, Boston, MA 02111
      View Details
    • $1,875,000 SF/Yr

      MULTI_FAMILY - Boston, MA

      Spacious mixed-use property with warehouse and residential units available.
      35/0 Heron St, Boston, MA 02132
      View Details
    • $30 SF/Yr

      MULTI_FAMILY - Boston, MA

      Spacious mixed-use property with warehouse and residential units.
      35/0 Heron St, Boston, MA 02132
      View Details
    • $1,950/Mo

      West Roxbury Commercial/Office/Retail Space

      First-floor space in vibrant West Roxbury with high visibility.
      104 Spring Street, Boston, MA 02132
      View Details
    • $30 SF/Yr

      Renovated Office Suite Available

      Turnkey 6,651 SF office suite with recent renovations.
      186 Lincoln St #900, Boston, MA 02111
      View Details
    • $2,000/Mo

      Dorchester Avenue Retail/Office Space

      700 SF retail/office space in Dorchester available for lease.
      1480 Dorchester Ave, Boston, MA 02124
      View Details
    • $7,100/Mo

      Newbury Street Retail Space Available

      Retail space in Back Bay's historic Newbury Street.
      250 Newbury St #A, Boston, MA 02116
      View Details
    • $30 SF/Yr

      Renovated Office Suite For Lease

      Turnkey 6,651 SF office suite with high-end finishes.
      186 Lincoln St #300, Boston, MA 02111
      View Details
    • $60 SF/Yr

      Commonwealth Avenue Retail Space Available

      Retail space near public transport and high-traffic retailers.
      1211 Commonwealth Ave, Boston, MA 02134
      View Details

    FAQs

    What type of property is this?
    Retail space - Rare commercial space with frontage on Boylston and Hereford.
    Where is this retail space located?
    The property is located at 939 Boylston Street Boston, MA.
    What is the lease rate?
    The lease rate is $125 SF/Yr.
    What are key features of this property?
    This property features: Prime corner location at Boylston Street and Hereford Street.; 135' of frontage on Boylston Street wrapping around Hereford Street.; Unique space with double‑high ceilings, fireplaces, and crown moldings.
    (617) 286-3830
    We can help!
    Listing Contact
    Stephen Pleines
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!