Retail Suite with Treatment
For Sale
Contact for pricing
1621 Blue Hill Ave, Boston, MA 02124
Reception space and two private rooms accommodate office, treatment, or retail functions.
Property Size1,600 SF
Price / SF$2.81
Days on Market14
Property Features for 1621 Blue Hill Ave
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Commercial
Site & Location
Neighborhood
Mattapan
Public Transit
Yes
Additional Details
Condition
Move-in Ready
Building Details
Year Built
1900
Listing Agency:
Venture Point Commercial Advisors LLC
Listed By:
Jeff Similien · License #449590740
(617) 894-2266
Source:
Lockandkeyre
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 24 at 6:28PM
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 Venture Point Commercial Advisors LLC
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.
This retail sublease comprises approximately 1,600 square feet, with a reception area and two private office or treatment rooms. The layout also supports retail use. The building was constructed in 1900.
At 1621 Blue Hill Ave in Mattapan Square, the suite is next to Dunkin’ Donuts. The property has pedestrian activity and access to nearby transit.
At 1621 Blue Hill Ave in Mattapan Square, the suite is next to Dunkin’ Donuts. The property has pedestrian activity and access to nearby transit.
Key Highlights
- Approximately 1,600 square feet
- Reception area plus two private office or treatment rooms
- 1621 Blue Hill Ave in Mattapan Square, next to Dunkin’ Donuts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,825
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,500
$516.5K
Cap Rate 7%
$368,929
$368.9K
Cap Rate 9%
$286,944
$286.9K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$40.3K $25.20/SF
− Vacancy
−$3.4K −$2.14/SF
EGI
$36.9K $23.06/SF
− OpEx
−$11.1K −$6.92/SF
NOI
$25.8K $16.14/SF
Area
Boston, MA
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,500
Cap Rate 7%
$368,929
Cap Rate 9%
$286,944
Alternative Uses
Best Use
Retail
$368.9K
$322.8K – $430.4K
NOI $25,825 @ 7.0% cap · market cap 573.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,866 @ 7.0% cap · market cap 1,863.69%
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
738
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 29%
Groceries 29%
Electronics 5%
Burger King
Dining
18,841 visits/mo
0.1 miles
America's Food Basket
Groceries
15,984 visits/mo
0.1 miles
Mobil
Shops & Services
8,775 visits/mo
0.1 miles
Chase Bank
Shops & Services
7,290 visits/mo
0.0 miles
T-Mobile
Electronics
3,054 visits/mo
0.1 miles
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
Market
Vacancy Rate% for Retail in Boston, MA
Frequently Asked Questions
What type of property is this?
Retail space - Reception space and two private rooms accommodate office, treatment, or retail functions.
Where is this retail space located?
The property is located at 1621 Blue Hill Ave Boston, MA.
What are key features of this property?
This property features: Approximately 1,600 square feet; Reception area plus two private office or treatment rooms; 1621 Blue Hill Ave in Mattapan Square, next to Dunkin’ Donuts
