Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    324 W Broadway, Unit C1 Boston, MA 02127

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6,000 /Mo

    Versatile 1000 sq ft commercial space in vibrant South Boston.

    Property Features for 324 W Broadway

    General Information

    Standard status
    Active

    Building Details

    Year built
    2024

    We can help!

    Listing Contact
    Aranson Maguire Group
    Source: Corcoran

    Listing Agency: Compass Listing Agent: Aranson Maguire Group

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Retail Space on Broadway

    Located on West Broadway in South Boston, this commercial space offers a prime opportunity for businesses. The property features 1000 square feet of versatile space suitable for various ventures, including a retail boutique, fitness center, or office headquarters. Large storefront windows provide visibility and attract foot traffic from locals, commuters, and visitors. The space has 10-foot ceilings. Available now under an NNN lease with monthly expenses of $600.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.050027
    Latitude
    42.338351

    Nearby Similar for Lease

    • $23 SF/Yr
      14,514 SF

      Turn-Key Auto Body Facility

      Ready-to-use auto body and service garage for lease.
      310 Columbia Rd, Boston, MA 02121
      View Details
    • Contact for pricing

      MA, Boston - Post Office Square

      Workspaces, services and support to help you work better in CA, Campbell - Orchards City Dr
      10 Post Office Sq, Boston, MA 02109
      View Details
    • Contact for pricing

      Spaces State Street

      Find fully flexible work and meeting space in Spaces State Street
      75 State St, Boston, MA 02110
      View Details
    • Sponsored
      Contact for pricing

      MA, Boston - Lincoln St

      Flexible workspace in WI, Madison - W. Broadway
      186 Lincoln St, Boston, MA 02110
      View Details
    • Contact for pricing

      MA, Boston - New Chardon Street

      Discover many ways to work your way in Irvine Center Drive
      25 New Chardon St, Boston, MA 02114
      View Details
    • Contact for pricing

      One Marina Park

      Discover many ways to work your way in One Marina Park
      1 Marina Park Dr, Boston, MA 02210
      View Details
    • Contact for pricing

      101 Arch Street

      Discover many ways to work your way in 101 Arch Street
      101 Arch St, Boston, MA 02110
      View Details
    • Contact for pricing

      Arlington Street

      Discover many ways to work your way in Arlington Street
      75 Arlington St, Boston, MA 02116
      View Details
    • Contact for pricing

      Schrafft's Center

      Discover many ways to work your way in Schrafft's Center
      529 Main St, Boston, MA 02129
      View Details
    • Contact for pricing

      Federal Street

      Discover many ways to work your way in Federal Street
      101 Federal St, Boston, MA 02110
      View Details
    • Contact for pricing

      Canal Street

      Discover many ways to work your way in Canal Street
      90 Canal St, Boston, MA 02114
      View Details
    • Contact for pricing

      MA, Boston - Symphony

      Workspaces, services and support to help you work better in Shelton
      177 Huntington Ave, Boston, MA 02115
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile 1000 sq ft commercial space in vibrant South Boston.
    Where is this retail space located?
    The property is located at 324 W Broadway, Unit C1 Boston, MA.
    What is the lease rate?
    The lease rate is $6,000 /Mo.
    What are key features of this property?
    This property features: - Prime location on bustling West Broadway in South Boston offers high visibility and foot traffic.; - 1,000 sq ft of versatile commercial space suitable for various business types (retail, fitness, office).; - Large storefront windows provide excellent exposure.
    (617) 206-3333
    Request Owner's contact information
    324 W Broadway, Unit C1 Boston, MA 02127
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    324 W Broadway, Unit C1
    Boston, MA 02127
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    324 W Broadway, Unit C1 Boston, MA 02127
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Aranson Maguire Group
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!