Garden Level Office in
160 Commonwealth Ave L7 Boston, MA 02116
For Sale
$1,830,000
Unique office space in a desirable Boston submarket.
Property Size2,698 SF
Lot Size0.68 Acres
Price / SF$678.28
Days on Market700
Property Features for 160 Commonwealth Ave L7
General Information
Standard status
Active
Size
2,698 SF
Lot size
0.68 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1871
Listing Agency:
Boston Realty Advisors
(617) 375-7900
Listed By:
William Catlin
Source:
Exitrealty
Added: Aug 28, 2024
Changed: Jul 6
Last Checked: Jul 28 at 2:48PM
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.
Located on the Garden Level of The Vendome building, this property offers commercial office and medical users a centrally located space in a desirable Boston submarket. The property, with an area of 2698 square feet, is situated in a building characterized by Boston’s historic charm and French-inspired architecture. The property is located at 160 Commonwealth Ave L7, Boston, MA 02116.
Key Highlights
- Centrally located in a highly desirable Boston submarket
- Suitable for commercial office and medical users
- Located in the historic "The Vendome building"
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.4k | $53.88 |
| − Vacancy | −$22.8k | −$8.46 |
| EGI | $122.5k | $45.42 |
| − OpEx | −$30.6k | −$11.36 |
| NOI | $91.9k | $34.07 |
2,698 SF · lease $53.88/SF/yr · vacancy 15.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,909 @ 7.0% cap · market cap 5.02%
Second Best
Healthcare Medical
$708.4K
$619.8K – $826.5K
NOI $49,587 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,804 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Boston Veterinary Care — 10 Chandler St, Boston, MA 02116
- South Bay Veterinary Group — 587 Tremont St, Boston, MA 02118
- Jenkins J DVM — 587 Tremont St, Boston, MA 02118, United States
- Wosko Timothy DVM — 587 Tremont St, Boston, MA 02118, United States
- Pawsitive Touch — Columbus Ave, Boston, MA 02116
Frequently Asked Questions
What type of property is this?
Medical Office Space - Unique office space in a desirable Boston submarket.
Where is this medical office space located?
The property is located at 160 Commonwealth Ave L7 Boston, MA.
What is the asking price?
The asking price for this property is $1,830,000.
What are key features of this property?
This property features: Centrally located in a highly desirable Boston submarket; Suitable for commercial office and medical users; Located in the historic "The Vendome building"
