Two-Level Industrial Flex
For Sale
Contact for pricing
181 Old Colony Avenue Unit E, Boston, MA 02127
Industrial flex unit with loading dock, goods lift, and van-height overhead door, plus two reserved parking spaces.
Property Size7,496 SF
Price / SF$0.00
Days on Market115
Property Features for 181 Old Colony Avenue Unit E
General Information
Standard status
Active
Size
7,496 SF
Total Parking Spaces
2
Property subtype
Commercial
Lease Type
NNN
Site & Location
Neighborhood
South Boston
Additional Details
Drive-In Doors
1
Amenities
goods lift
loading dock
Building Details
Year Built
1915
Listing Agency:
V & E Realty
(617) 786-9399
Listed By:
Derek Wong · License #455500324
(617) 290-8289
Source:
Lockandkeyre
Added: Jul 7
Changed: Oct 29
Last Checked: Oct 28 at 7:22AM
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 V & E Realty
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Investment Insights
Based on property information with market context.
This for-sale industrial flex unit is approximately 7,496 square feet and built out across two levels, with a goods lift located within the space. The first floor is approximately 4,264 square feet, and the second floor is approximately 3,232 square feet. The unit includes a loading dock and an overhead door high enough for a van to drive into the premises. Multiple operating uses are noted, including manufacturing, food processing, and storage/warehousing, subject to the buyer’s due diligence.
The unit is located at 181 Old Colony Avenue, Unit E, Boston, MA 02127, and is also known as 38–48 Damrell Street. Two reserved parking spaces are provided for this unit.
The tenant/buyer is responsible for installing their own heating unit/HVAC. The offering is described as a Triple Net Lease (NNN), and CAM is listed as $6.5 per square foot. Buyer to complete due diligence regarding intended use and the condition of the premises.
The unit is located at 181 Old Colony Avenue, Unit E, Boston, MA 02127, and is also known as 38–48 Damrell Street. Two reserved parking spaces are provided for this unit.
The tenant/buyer is responsible for installing their own heating unit/HVAC. The offering is described as a Triple Net Lease (NNN), and CAM is listed as $6.5 per square foot. Buyer to complete due diligence regarding intended use and the condition of the premises.
Key Highlights
- Industrial flex unit built in 1915 in South Boston, MA 02127 (also known as 38‑48 Damrell St)
- Approx. 7,496 SF across 2 levels: 4,264 SF first floor and 3,232 SF second floor
- Includes goods lift in the unit and a loading dock for operations and moving goods
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,891
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,577,820
$1.6M
Cap Rate 7%
$1,127,014
$1.1M
Cap Rate 9%
$876,567
$876.6K
Market Conditions
NOI Build-Up for 7,496 SF
Gross rent
$120.5K $16.08/SF
− Vacancy
−$7.8K −$1.05/SF
EGI
$112.7K $15.03/SF
− OpEx
−$33.8K −$4.51/SF
NOI
$78.9K $10.52/SF
Area
Boston, MA
Vacancy
6.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,577,820
Cap Rate 7%
$1,127,014
Cap Rate 9%
$876,567
Alternative Uses
Best Use
Warehouse
$1.37M
$1.20M – $1.60M
NOI $95,796 @ 7.0% cap · market cap 532,200.00%
Second Best
Flex RnD
$1.16M
$1.01M – $1.35M
NOI $81,125 @ 7.0% cap · market cap 450,694.44%
Theoretical Best
Office A
$5.61M
$4.91M – $6.55M
NOI $392,910 @ 7.0% cap · market cap 2,182,833.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,950
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Boston, MA
Similar Off Market Nearby
- Euromart — 808 Dorchester Ave, Boston, MA 02125
- Max Ultimate Food — 10 Newmarket Square, Boston, MA 02118
- Above and Beyond Catering — 42 Plympton St, Boston, MA 02118
- iCater — 444 Harrison Ave, Boston, MA 02118
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex unit with loading dock, goods lift, and van-height overhead door, plus two reserved parking spaces.
Where is this flex space located?
The property is located at 181 Old Colony Avenue Unit E Boston, MA.
What are key features of this property?
This property features: Industrial flex unit built in 1915 in South Boston, MA 02127 (also known as 38‑48 Damrell St); Approx. 7,496 SF across 2 levels: 4,264 SF first floor and 3,232 SF second floor; Includes goods lift in the unit and a loading dock for operations and moving goods
