Street-Level Retail and Office
185 Devonshire St #100 Boston, MA 02110
New
For Sale
$1,700,000
Street-level unit with two direct entrances, basement storage, and existing HVAC, electrical, plumbing, and grease trap.
Property Size3,529 SF
Price / SF$481.72
Days on Market2
Property Features for 185 Devonshire St #100
General Information
- Standard status
- Active
- Size
- 3,529 SF
Building Details
- Year Built
- 2007
Listing Agency:
Conviser Property Group, Inc.
(305) 751-6400
Listed By:
Dmitriy Shnitman
Source:
Laerrealty
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 12:15PM
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 Conviser Property Group, Inc.
Investment Insights
Based on property information with market context.
Available for sale at 185 Devonshire Street, Unit 100, this street-level commercial condominium offers 3,529 SF of flexible space. The layout includes two direct street entrances, basement storage, and prominent signage. The unit also features substantial existing infrastructure, including three HVAC units totaling 10 tons, significant electrical upgrades, existing plumbing, and a grease trap.
The property is located in Boston’s Financial District, within walking distance of Downtown Crossing and Post Office Square, with multiple MBTA lines nearby.
Designed to support multiple street-facing commercial uses, the space is currently recently vacated and available for immediate occupancy.
The property is located in Boston’s Financial District, within walking distance of Downtown Crossing and Post Office Square, with multiple MBTA lines nearby.
Designed to support multiple street-facing commercial uses, the space is currently recently vacated and available for immediate occupancy.
Key Highlights
- 3,529 SF street‑level commercial condo in Boston’s Financial District (built in 2007)
- Two direct street entrances plus prominent signage for visibility and access
- Recently vacated and available for immediate occupancy
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 | $177.9k | $50.40 |
| − Vacancy | −$39.1k | −$11.09 |
| EGI | $138.7k | $39.31 |
| − OpEx | −$34.7k | −$9.83 |
| NOI | $104.0k | $29.48 |
3,529 SF · lease $50.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.49M
$1.30M – $1.73M
NOI $104,049 @ 7.0% cap · market cap 6.12%
Second Best
Healthcare Medical
$1.02M
$895.7K – $1.19M
NOI $71,653 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,976 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Law Office Of Frank ...
Law Firm
Dean Levy, DMD
Dental Office
Attorney Edward R. ...
Law Firm
C. Henry Fasoldt, ...
Law Firm
Salvucci Harris, LLC
Law Firm
FAQs
What type of property is this?
Retail space - Street-level unit with two direct entrances, basement storage, and existing HVAC, electrical, plumbing, and grease trap.
Where is this retail space located?
The property is located at 185 Devonshire St #100 Boston, MA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 3,529 SF street‑level commercial condo in Boston’s Financial District (built in 2007); Two direct street entrances plus prominent signage for visibility and access; Recently vacated and available for immediate occupancy
