Loft-Style Office
141 Portland St, Boston, MA 02114
For Sale
Contact for pricing
A three-story workplace pairs historic character with a private entrance and elevator.
Property Size23,000 SF
Price / SF$0.00
Days on Market51
Property Features for 141 Portland St
General Information
Standard status
Size
Elevators
Site & Location
Neighborhood
Amenities
exposed brick
skylights
interconnecting stairwells
private entrance
prominent signage and branding opportunities
Building Details
Year Built
Buildings
Stories
Building Size
Construction
Listing Agency:
Boston Realty Advisors
(617) 375-7900
Listed By:
William Catlin
Source:
Lockandkeyre
Added: Sep 23
Changed: Nov 12
Last Checked: Nov 12 at 7:13AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 141 Portland Street, this three-story office building contains 23,000 SF and dates to 1899. Exposed brick and skylights shape the interior, while interconnecting stairwells connect its levels. A private entrance and elevator serve the property.
Key Highlights
- 23,000 SF across three stories
- Built in 1899
- Exposed brick and skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$737,251
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,745,020
$14.7M
Cap Rate 7%
$10,532,157
$10.5M
Cap Rate 9%
$8,191,678
$8.2M
Market Conditions
NOI Build-Up for 23,000 SF
Gross rent
$1.16M $50.40/SF
− Vacancy
−$176.2K −$7.66/SF
EGI
$983.0K $42.74/SF
− OpEx
−$245.8K −$10.68/SF
NOI
$737.3K $32.05/SF
Area
ZIP 02114
Vacancy
15.20%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,745,020
Cap Rate 7%
$10,532,157
Cap Rate 9%
$8,191,678
Alternative Uses
Best Use
Office B
$10.53M
$9.22M – $12.29M
NOI $737,251 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.97M
$10.47M – $13.96M
NOI $837,605 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23,608
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
$927,900
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Boston, MA
Properties on Market for Office buildings in Boston
Vacancy Rate% for Office in Boston, MA
Frequently Asked Questions
What type of property is this?
Office building - A three-story workplace pairs historic character with a private entrance and elevator.
Where is this office building located?
The property is located at 141 Portland St Boston, MA.
What are key features of this property?
This property features: 23,000 SF across three stories; Built in 1899; Exposed brick and skylights
