Building Details

Year Built 1964

Buildings 1

Listing Agency: Rick Gomolka Realty Show Phone

Listed By: Richard Gomolka Show Phone

Source: Exitrealty

Added: Apr 5, 2025 Changed: Oct 1 Last Checked: Oct 1 at 9:22AM

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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 Rick Gomolka Realty

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Investment Insights

Based on property information with market context.

This offering includes two adjacent, contiguous office condominium units totaling 1,890 square feet at street level within a mixed-use residential and commercial building. Delivered in shell condition, the space allows for custom interior planning and buildout. The units can be reached through the concierge area at 6 Whittier Place or through the right side of the building at 7 Whittier Place for business access.

The sale also includes one underground garage space and four surface lot spaces. Parking lot and garage renovations are nearing completion. The property was built in 1964 and is located at 7 Whittier Place in Boston, Massachusetts.

Key Highlights

• Two contiguous street‑level office condominium units totaling 1,890 square feet
• Shell condition supports custom interior design and buildout
• Includes 1 underground garage space and 4 lot spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,375

Cap Rate

6.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$767,500 $767.5K

Cap Rate 7%

$548,214 $548.2K

Cap Rate 9%

$426,389 $426.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,890 SF

Gross rent

$68.0K $36.00/SF

− Vacancy

−$4.1K −$2.16/SF

EGI

$64.0K $33.84/SF

− OpEx

−$25.6K −$13.54/SF

NOI

$38.4K $20.30/SF

Area

ZIP 02114

Vacancy

6.00%

Lease Rate

$36.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$767,500

Cap Rate 7%

$548,214

Cap Rate 9%

$426,389

Alternative Uses

Best Use

Office B

$865.5K

$757.3K – $1.01M (±1% cap)

NOI $60,583 @ 7.0% cap · market cap 10.11%

Second Best

Healthcare Medical

$548.2K

$479.7K – $639.6K (±1% cap)

NOI $38,375 @ 7.0% cap · market cap 6.41%

Theoretical Best

Office A

$983.3K

$860.4K – $1.15M (±1% cap)

NOI $68,829 @ 7.0% cap · market cap 11.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Boston Family Acupuncture Alternative Medicine Practice Giambro Nina DDS Dental Office Keller Williams Realty Real Estate Agency Hurley John D Physician Charles River Park ... Dental Office

Suggested Use

Top Pick HVAC Service Pet Grooming Service Butcher Clothing & Fashion Store Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Office units

Location Intelligence

Trade Area within ½ mile

14,781

Businesses Nearby

Explore this area Business Placement

Demographics for 02114, MA

14,469

Population

9,525

Households

1.5

Avg Household Size

33

Median Age

84%

College-Educated

97%

High-School Grad

0.4 sq mi

ZIP Area

36,173

Density / Sq Mi

$135,057

Median Household Income

$94,465

Median Earnings

$2,933

Median Rent

$927,900

Median Home Value

Market

Vacancy Rate% for Office in Boston, MA

9.1% 2019

12.4% 2020

10.8% 2021

12.5% 2022

15.1% 2023

17% 2024

18.2% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Two contiguous shell units provide a customizable office footprint within a mixed-use residential and commercial building.

Where is this office units located?

The property is located at 7 Whittier Pl 112S-114S Boston, MA.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Two contiguous street‑level office condominium units totaling 1,890 square feet; Shell condition supports custom interior design and buildout; Includes 1 underground garage space and 4 lot spaces