Two-Story Retail and Office
For Sale
$1,200,000
754 E Broadway # 66a Boston, Boston, MA 02127
Two-entrance ground floor retail plus a second-floor office setup with street-corner visibility and nearby transit.
Property Size1,515 SF
Price / SF$792.08
Days on Market87
Property Features for 754 E Broadway # 66a Boston
General Information
Standard status
Active
Size
1,515 SF
Total Parking Spaces
2
Zoning
MFR/LS
Lease Type
NNN
Net Operating Income
$94,260
Additional Details
Cap Rate
6.5%
Taxes and HOA fees
Annual Taxes
$6,171
Building Details
Year Built
1920
Stories
2
Listing Agency:
Compass
(508) 501-1443
Listed By:
Stephen Rose
(508) 501-1443
Source:
Milestonerealtyinc
Added: Jun 3
Changed: Aug 27
Last Checked: Aug 28 at 7:02AM
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 Compass
Investment Insights
Based on property information with market context.
This two-story commercial property is configured for retail on the ground/first level and office use on the second level. The ground floor includes 706 square feet with two entrances and a half bathroom. The second floor offers 809 square feet with a half bathroom and kitchenette.
Located at 754 E Broadway #66A in Boston, MA, the building presents as a street-corner storefront with strong public-facing presence. Public transportation is immediately convenient, with the #7, #9, and #10 bus stops directly in front of the property. The surrounding area includes well-known nearby retailers such as Starbucks, Dunkin’ Donuts, Rite Aid, and Stop & Shop.
With separate entries and dedicated restroom facilities on each level, the layout can support an owner-user who wants retail activity below with flexible workspace above. It also suits investors seeking a multi-level configuration that can be operated as a combined retail and office asset. Two parking spaces are currently leased for additional monthly income.
Located at 754 E Broadway #66A in Boston, MA, the building presents as a street-corner storefront with strong public-facing presence. Public transportation is immediately convenient, with the #7, #9, and #10 bus stops directly in front of the property. The surrounding area includes well-known nearby retailers such as Starbucks, Dunkin’ Donuts, Rite Aid, and Stop & Shop.
With separate entries and dedicated restroom facilities on each level, the layout can support an owner-user who wants retail activity below with flexible workspace above. It also suits investors seeking a multi-level configuration that can be operated as a combined retail and office asset. Two parking spaces are currently leased for additional monthly income.
Key Highlights
- 6.5% cap rate
- Prime street‑corner retail with high‑visibility frontage in South Boston
- Ground floor retail totals 706 SF with 2 entrances and a half bathroom
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
$44,668
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
3.72%
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%
$893,360
$893.4K
Cap Rate 7%
$638,114
$638.1K
Cap Rate 9%
$496,311
$496.3K
Market Conditions
NOI Build-Up for 1,515 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
$76.4K $50.40/SF
− Vacancy
−$16.8K −$11.09/SF
EGI
$59.6K $39.31/SF
− OpEx
−$14.9K −$9.83/SF
NOI
$44.7K $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 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%
$893,360
Cap Rate 7%
$638,114
Cap Rate 9%
$496,311
Alternative Uses
Best Use
Office B
$638.1K
$558.4K – $744.5K
NOI $44,668 @ 7.0% cap · market cap 3.72%
Second Best
Retail
$349.3K
$305.7K – $407.6K
NOI $24,453 @ 7.0% cap · market cap 2.04%
Theoretical Best
Office A
$1.13M
$992.6K – $1.32M
NOI $79,410 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,823
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-entrance ground floor retail plus a second-floor office setup with street-corner visibility and nearby transit.
Where is this storefront property located?
The property is located at 754 E Broadway # 66a Boston Boston, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6.5% cap rate; Prime street‑corner retail with high‑visibility frontage in South Boston; Ground floor retail totals 706 SF with 2 entrances and a half bathroom
