Office Building with
16 Shawmut, Boston, MA 02116
For Sale
$1,650,000
Four levels of office space feature traditional details and a private brick courtyard at this Boston corner property.
Property Size1,701 SF
Price / SF$970.02
Days on Market9
Property Features for 16 Shawmut
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Property Use
Amenities
private brick courtyard
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Berkshire Hathaway HomeServices Warren Residential
Listed By:
Onnelly T. Parslow
(617) 512-1591
Source:
Kelleyrege
Added: Oct 31
Changed: Nov 6
Last Checked: Nov 6 at 10:30AM
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 Berkshire Hathaway HomeServices Warren Residential
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Investment Insights
Based on property information with market context.
This brick office property occupies a corner on Shawmut Street and contains approximately 1,701 square feet across four levels. Built in 1900, it includes traditional architectural details, natural light and a private brick courtyard. The building is currently configured for commercial office use and is offered as-is.
The property is zoned commercial. Any residential conversion, change of use, expansion or redevelopment would require applicable approvals; the source also identifies residential conversion as a possibility subject to due diligence and permitting.
The property is zoned commercial. Any residential conversion, change of use, expansion or redevelopment would require applicable approvals; the source also identifies residential conversion as a possibility subject to due diligence and permitting.
Key Highlights
- Approximately 1,701 square feet across four levels
- Currently configured for commercial office use
- Private brick courtyard and traditional architectural details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,946
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,158,920
$1.2M
Cap Rate 7%
$827,800
$827.8K
Cap Rate 9%
$643,844
$643.8K
Market Conditions
NOI Build-Up for 1,701 SF
Gross rent
$91.6K $53.88/SF
− Vacancy
−$14.4K −$8.46/SF
EGI
$77.3K $45.42/SF
− OpEx
−$19.3K −$11.36/SF
NOI
$57.9K $34.07/SF
Area
ZIP 02116
Vacancy
15.70%
Lease Rate
$53.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,158,920
Cap Rate 7%
$827,800
Cap Rate 9%
$643,844
Alternative Uses
Best Use
Office B
$827.8K
$724.3K – $965.8K
NOI $57,946 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$881.1K – $1.17M
NOI $70,489 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
18,128
Businesses Nearby
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Business Placement
Demographics for 02116, MA
23,408
Population
14,110
Households
1.7
Avg Household Size
36
Median Age
77%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
39,013
Density / Sq Mi
$127,309
Median Household Income
$85,296
Median Earnings
$2,341
Median Rent
$1,583,500
Median Home Value
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Market
Average Price Trend$/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 - Four levels of office space feature traditional details and a private brick courtyard at this Boston corner property.
Where is this office building located?
The property is located at 16 Shawmut Boston, MA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approximately 1,701 square feet across four levels; Currently configured for commercial office use; Private brick courtyard and traditional architectural details
