Street-Level Retail
For Sale
$1,625,000
185 Devonshire St Unit 100, Boston, MA 02110
Flexible commercial condominium with dual street access, signage, basement storage, and established mechanical and utility infrastructure.
Property Size3,529 SF
Price / SF$460.47
Days on Market47
Property Features for 185 Devonshire St Unit 100
General Information
Standard status
Active
Size
3,529 SF
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Floor
Ground
Amenities
two direct street entrances
prominent signage
basement storage
three HVAC units (10 tons total)
significant electrical upgrades
existing plumbing
grease trap
Building Details
Year Built
2007
Listing Agency:
Conviser Property Group, Inc.
Listed By:
Dmitriy Shnitman
(617) 953-9892
Source:
Lyvrealty
Added: Sep 6
Changed: Oct 8
Last Checked: Oct 7 at 5:14PM
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.
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Investment Insights
Based on property information with market context.
Unit 100 is a 3,529-square-foot, street-level commercial condominium at 185 Devonshire Street in Boston’s Financial District. The recently vacated space is available for immediate occupancy and includes two direct entrances from the street, prominent signage, basement storage, and a flexible interior layout. Existing improvements include three HVAC units providing 10 tons of capacity, upgraded electrical service, plumbing, and a grease trap.
The property is within walking distance of Downtown Crossing, Post Office Square, and multiple MBTA lines. Built in 2007, the condominium offers a substantial existing infrastructure package for medical, restaurant, retail, fitness, or other commercial use, as supported by the current configuration and improvements.
The property is within walking distance of Downtown Crossing, Post Office Square, and multiple MBTA lines. Built in 2007, the condominium offers a substantial existing infrastructure package for medical, restaurant, retail, fitness, or other commercial use, as supported by the current configuration and improvements.
Key Highlights
- 3,529 SF street‑level commercial condominium
- Two direct street entrances with prominent signage
- Three HVAC units providing 10 tons of capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,960
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,200
$1.1M
Cap Rate 7%
$813,714
$813.7K
Cap Rate 9%
$632,889
$632.9K
Market Conditions
NOI Build-Up for 3,529 SF
Gross rent
$88.9K $25.20/SF
− Vacancy
−$7.6K −$2.14/SF
EGI
$81.4K $23.06/SF
− OpEx
−$24.4K −$6.92/SF
NOI
$57.0K $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%
$1,139,200
Cap Rate 7%
$813,714
Cap Rate 9%
$632,889
Alternative Uses
Best Use
Retail
$813.7K
$712.0K – $949.3K
NOI $56,960 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,976 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
28,783
Businesses Nearby
122k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 55%
Dining 27%
Beauty & Spa 11%
Groceries 5%
McDonald's
Dining
31,271 visits/mo
0.3 miles
Moxy Boston Downtown
Hotels & Casinos
26,386 visits/mo
0.5 miles
Boston Marriott Long Wharf
Hotels & Casinos
25,424 visits/mo
0.5 miles
Marriott Vacation Club Pulse at Custom House, Boston
Hotels & Casinos
15,363 visits/mo
0.3 miles
Sephora
Beauty & Spa
13,861 visits/mo
0.3 miles
Demographics for 02110, MA
2,921
Population
1,563
Households
1.9
Avg Household Size
49
Median Age
85%
College-Educated
99%
High-School Grad
0.2 sq mi
ZIP Area
14,605
Density / Sq Mi
$132,239
Median Household Income
$111,227
Median Earnings
$3,142
Median Rent
$1,104,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Boston, MA
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial condominium with dual street access, signage, basement storage, and established mechanical and utility infrastructure.
Where is this storefront property located?
The property is located at 185 Devonshire St Unit 100 Boston, MA.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: 3,529 SF street‑level commercial condominium; Two direct street entrances with prominent signage; Three HVAC units providing 10 tons of capacity
