Office Building Near Route
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139-527 Albany St, Boston, MA
Office building with owner-occupant opportunity near Boston.
Property Size7,272 SF
Lot Size0.73 Acres
Price / SF$680.69
Days on Market1406
Property Features for 139-527 Albany St
General Information
Standard status
Active
Size
7,272 SF
Lot size
0.73 Acres
Property subtype
OFFICE
Listing Agency:
Boston Realty Advisors
(617) 375-7900
Listed By:
Joe Wagner · License #9557247
(617) 850-9675
Source:
Moodyscre
Added: Oct 31, 2022
Changed: Aug 9
Last Checked: Sep 4 at 12:49PM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
This office building offers approximately 11,000 square feet, with approximately 7,000 square feet available for an owner-occupant or tenant on the second floor. Situated at the corner of Malden Street on the north end of Albany Street, the location provides immediate access to Route 93/Southeast Expressway and is within walking distance to Boston. The property includes two off-street parking spots. A loading dock provides access to the second-floor space via a raised exterior platform.
Key Highlights
- Immediate access to Route 93/Southeast Expressway.
- ±7,000 SF available for owner‑occupant or tenant.
- Walking distance to Boston.
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
$214,408
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
4.33%
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%
$4,288,160
$4.3M
Cap Rate 7%
$3,062,971
$3.1M
Cap Rate 9%
$2,382,311
$2.4M
Market Conditions
NOI Build-Up for 7,272 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
$366.5K $50.40/SF
− Vacancy
−$80.6K −$11.09/SF
EGI
$285.9K $39.31/SF
− OpEx
−$71.5K −$9.83/SF
NOI
$214.4K $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%
$4,288,160
Cap Rate 7%
$3,062,971
Cap Rate 9%
$2,382,311
Alternative Uses
Best Use
Office B
$3.06M
$2.68M – $3.57M
NOI $214,408 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.45M
$4.76M – $6.35M
NOI $381,169 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21,628
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Boston, MA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with owner-occupant opportunity near Boston.
Where is this office building located?
The property is located at 139-527 Albany St Boston, MA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Immediate access to Route 93/Southeast Expressway.; ±7,000 SF available for owner‑occupant or tenant.; Walking distance to Boston.
