Ground-Floor Retail
For Sale
Contact for pricing
233 Hancock St, Boston, MA 02125
Finished open layout with central air and heat along Hancock Street.
Property Size850 SF
Price / SF$2.88
Days on Market52
Property Features for 233 Hancock St
General Information
Standard status
Active
Size
850 SF
Property subtype
Commercial
Site & Location
Neighborhood
Dorchester
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
central air and heat
Building Details
Year Built
2019
Tenancy
Multi
Listing Agency:
Boston Bayside Properties, LLC
(617) 298-2400
Listed By:
Adam Ellabidy
(781) 521-2265
Source:
Lockandkeyre
Added: Sep 8
Changed: Oct 29
Last Checked: Oct 28 at 8:44AM
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 Bayside Properties, LLC
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Investment Insights
Based on property information with market context.
This 850 SF ground-floor retail space occupies the sole commercial unit at The Meeting House, a 36-unit building on Hancock Street in Dorchester. The premises feature a finished open floor plan, central air and heat, and a fully built-out interior scheduled to become available in October 2026.
Storefront visibility faces Hancock Street, with DotBlock directly across the street. The property is steps from MBTA bus routes and minutes from the Red and Orange Lines, with access to Dorchester Ave, Columbia Road, and I-93. The space is offered with flexible lease terms and includes tenant responsibility for water, sprinkler, and electric service.
Storefront visibility faces Hancock Street, with DotBlock directly across the street. The property is steps from MBTA bus routes and minutes from the Red and Orange Lines, with access to Dorchester Ave, Columbia Road, and I-93. The space is offered with flexible lease terms and includes tenant responsibility for water, sprinkler, and electric service.
Key Highlights
- 850 SF ground‑floor retail space
- Sole commercial unit in The Meeting House, a 36‑unit building
- Storefront visibility on Hancock Street in Dorchester
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,720
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,400
$274.4K
Cap Rate 7%
$196,000
$196.0K
Cap Rate 9%
$152,444
$152.4K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$21.4K $25.20/SF
− Vacancy
−$1.8K −$2.14/SF
EGI
$19.6K $23.06/SF
− OpEx
−$5.9K −$6.92/SF
NOI
$13.7K $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%
$274,400
Cap Rate 7%
$196,000
Cap Rate 9%
$152,444
Alternative Uses
Best Use
Retail
$196.0K
$171.5K – $228.7K
NOI $13,720 @ 7.0% cap · market cap 560.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$636.5K
$556.9K – $742.6K
NOI $44,554 @ 7.0% cap · market cap 1,818.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,782
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 37%
Groceries 12%
Electronics 3%
Burger King
Dining
21,545 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,150 visits/mo
0.3 miles
Dunkin' Donuts
Dining
6,195 visits/mo
0.2 miles
AutoZone
Shops & Services
6,027 visits/mo
0.5 miles
America's Food Basket
Groceries
4,957 visits/mo
0.4 miles
Demographics for 02125, MA
34,926
Population
14,999
Households
2.3
Avg Household Size
32
Median Age
42%
College-Educated
87%
High-School Grad
2.2 sq mi
ZIP Area
15,875
Density / Sq Mi
$71,810
Median Household Income
$52,106
Median Earnings
$1,897
Median Rent
$645,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Boston, MA
Frequently Asked Questions
What type of property is this?
Retail space - Finished open layout with central air and heat along Hancock Street.
Where is this retail space located?
The property is located at 233 Hancock St Boston, MA.
What are key features of this property?
This property features: 850 SF ground‑floor retail space; Sole commercial unit in The Meeting House, a 36‑unit building; Storefront visibility on Hancock Street in Dorchester
