Corner Medical Office
For Sale
$1,190,000
333 Washington # 341/342 Boston, Boston, MA 02108
Configured for dental or other healthcare operations with private entry, multiple treatment rooms, and dedicated support areas.
Property Size1,891 SF
Price / SF$629.30
Days on Market89
Property Features for 333 Washington # 341/342 Boston
General Information
Standard status
Active
Size
1,891 SF
Zoning
0357
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$20,656
Amenities
24/7 security
Building Details
Building Size
1,891 SF
Year Built
2008
Year Renovated
2008
Listing Agency:
Ardmore Realty Advisors
(508) 643-8166
Listed By:
Amanda Lucido Hodges
(508) 643-8166
Source:
Bournetosellrealestate
Added: Jun 5
Changed: Aug 31
Last Checked: Aug 31 at 12:36PM
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 Ardmore Realty Advisors
Investment Insights
Based on property information with market context.
This 1,891-square-foot corner medical office suite occupies the end of a hallway and is accessed through a private foyer. The layout includes a reception area, six operatories, a laboratory, sterilization room, lunch room, subdivided offices, and a private bathroom. Abundant windows bring natural light to the unit, which is currently configured as a dental facility and may be delivered vacant.
The interior was gutted and repartitioned in approximately 2007/2008, with new electrical wiring, a main station server, HVAC, plumbing, flooring, and sprinkler systems installed. The building provides 24/7 security. The property is located at 333 Washington #341/342 in Boston, Massachusetts, and carries zoning designation 0357.
The interior was gutted and repartitioned in approximately 2007/2008, with new electrical wiring, a main station server, HVAC, plumbing, flooring, and sprinkler systems installed. The building provides 24/7 security. The property is located at 333 Washington #341/342 in Boston, Massachusetts, and carries zoning designation 0357.
Key Highlights
- 1,891 SF corner medical office suite at the end of a hallway
- Private foyer entry with abundant windows
- Six operatories plus reception, laboratory, sterilization, and lunch rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,754
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,115,080
$1.1M
Cap Rate 7%
$796,486
$796.5K
Cap Rate 9%
$619,489
$619.5K
Market Conditions
NOI Build-Up for 1,891 SF
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.
Gross rent
$95.3K $50.40/SF
− Vacancy
−$21.0K −$11.09/SF
EGI
$74.3K $39.31/SF
− OpEx
−$18.6K −$9.83/SF
NOI
$55.8K $29.48/SF
Area
Boston, MA
Vacancy
22.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,115,080
Cap Rate 7%
$796,486
Cap Rate 9%
$619,489
Alternative Uses
Best Use
Office B
$796.5K
$696.9K – $929.2K
NOI $55,754 @ 7.0% cap · market cap 4.69%
Second Best
Healthcare Medical
$548.5K
$479.9K – $639.9K
NOI $38,395 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,119 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,823
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02108, MA
4,228
Population
2,473
Households
1.7
Avg Household Size
38
Median Age
77%
College-Educated
100%
High-School Grad
0.3 sq mi
ZIP Area
14,093
Density / Sq Mi
$212,664
Median Household Income
$95,688
Median Earnings
$2,692
Median Rent
$1,570,400
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for dental or other healthcare operations with private entry, multiple treatment rooms, and dedicated support areas.
Where is this medical office space located?
The property is located at 333 Washington # 341/342 Boston Boston, MA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 1,891 SF corner medical office suite at the end of a hallway; Private foyer entry with abundant windows; Six operatories plus reception, laboratory, sterilization, and lunch rooms
