Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Suite in Elevator Building Title is generated by Realmo AI

    1842 Beacon St. 203, Brookline, MA 02445

    View on Map
    Claim this Listing
    New
    For Lease
    $38 SF/Yr $2,371/Mo (calc)

    Refreshed suite on the second floor with elevator access, suited for medical or office tenants near public transit.

    Type:Commercial
    Property size:
    749 SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 3:55 am

    Property Features for 1842 Beacon St. 203

    General Information

    Standard status
    Active
    Size
    749 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Gregory Costello

    Listing agent Gregory Costello

    Listing office

    Listing date Jun 3, 2026

    Source Elliman

    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 Gregory Costello

    HighLights

    • Bright 749 SF medical/office suite in a professional elevator building on Beacon Street, Brookline
    • Suite 203 has been refreshed with new paint and cleaned carpeting
    • Second‑floor suite with elevator access in a multi‑tenant professional building
    • Convenient public transportation access via the Green Line
    • WalkScore 89 (very walkable) and transitScore 69 (good transit); bikeScore 57 (bikeable)

    Overview

    Suite 203 offers 749 SF of bright medical/office space within a professional elevator building. The space has been refreshed with new paint and cleaned carpeting, providing a clean, efficient layout for a range of medical or office uses.

    Located on Beacon Street in Brookline, the building is convenient to neighborhood retail and dining, including Star Market and Café Landwer. Access to public transportation is supported by the Green Line, and the area is described as very walkable with good transit connectivity.

    For tenants seeking a professional setting with elevator access and a move-in-ready interior, this suite is designed to support both medical and office operations. The combination of complementary tenant mix and strong transit accessibility can be beneficial for day-to-day client and employee access.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Brookline Veterinary Center — 1663 Beacon St, Brookline, MA 02445
    • VCA Brookline Animal Hospital — 375 Boylston St, Brookline, MA 02445
    • Boston Mobile Veterinary — brookline, ma 02446
    • Boston Veterinary Clinic — 1290 Beacon St, Brookline, MA 02446
    • Small Door Veterinary - Brookline — 297 Harvard St, Brookline, MA 02446

    Map

    City
    Brookline
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1298
    Latitude
    42.3337

    Nearby Similar for Lease

    • Sponsored
      $129-$9,686/Mo
      11-1,292 SF

      Coolidge Corner

      1309 Beacon St, Unit 300, Brookline, MA 02446
      View Details
    • $35 SF/Yr
      8,047 SF

      Brookline Village Office/Commercial Suite

      Rare 8047 SF office suite in Brookline Village.
      60-62 Harvard #2A, Brookline, MA 02445
      View Details
    • $38 SF/Yr
      749 SF

      Medical Office Suite in Elevator Building

      Bright, refreshed suite with elevator access, well-suited for medical or professional office use.
      1842 Beacon St. # 203, Brookline, MA, MA 02445
      View Details
    • $600/Mo
      250 SF

      Coolidge Corner Office Space

      Individual office spaces available in Coolidge Corner, Brookline.
      233 Harvard St #300, Brookline, MA 02446
      View Details
    • $7,000/Mo
      1,079 SF

      Brookline Office Space on Beacon

      1,079 SF office suite in Washington Square.
      1560 Beacon St #2nd Floor, Brookline, MA 02446
      View Details
    • $1,800/Mo

      Private Office Space Near Transit

      Two-room office space in classic brownstone near Washington Square.
      1577 Beacon Street #1, Brookline, MA 02445
      View Details
    • $30 SF/Yr
      3,650 SF

      Brookline Retail Space Available

      Vacant retail space with high ceilings and excellent frontage.
      81 Boylston St #1, Brookline, MA 02445
      View Details
    • $600/Mo
      75 SF

      Coolidge Corner Individual Office Spaces

      Individual office spaces in the heart of Coolidge Corner.
      233 Harvard St #300, Brookline, MA 02446
      View Details
    • $1,300/Mo
      211 SF

      Brookline Village Office Space Available

      Recently renovated 211 SF office space in Brookline Village.
      7 Harvard Ave., Brookline, MA 02446
      View Details
    • $30 SF/Yr
      2,993 SF

      Brookline Village Office Space Available

      Brick and beam office space in Brookline Village.
      1 Harvard #201, Brookline, MA 02445
      View Details
    • $800/Mo

      Coolidge Corner Office for Lease

      Private office in Coolidge Corner, Brookline, ideal for professionals.
      8 Alton Pl #2a, Brookline, MA 02446
      View Details
    • $3,400/Mo

      Brookline Office Space For Rent

      Office space in Brookline Brownstone near MBTA C line.
      1714 Beacon St. #1A, Brookline, MA 02445
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Refreshed suite on the second floor with elevator access, suited for medical or office tenants near public transit.
    Where is this medical office space located?
    The property is located at 1842 Beacon St. 203 Brookline, MA.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: Bright 749 SF medical/office suite in a professional elevator building on Beacon Street, Brookline; Suite 203 has been refreshed with new paint and cleaned carpeting; Second‑floor suite with elevator access in a multi‑tenant professional building
    (857) 523-9703
    We can help!
    Listing Contact
    Gregory Costello
    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

    Thank You for Inquiry
    1842 Beacon St. 203, Brookline, MA 02445
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!