Office Condo with Open
For Sale
$359,000
370 Beech Street Unit 3, Boston, MA 02131
Light-filled commercial condo offers floor-to-ceiling windows, high ceilings, a private bathroom, and dedicated storage.
Property Size692 SF
Price / SF$518.79
Days on Market56
Property Features for 370 Beech Street Unit 3
General Information
Standard status
Active
Size
692 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
HOA Fee
$181
Utilities to Site
Yes
Building Details
Year Built
2015
Buildings
1
Listing Agency:
Compass
Listed By:
The Muncey Group
(781) 797-4028
Source:
Thepropernest
Added: Jun 18
Changed: Aug 3
Last Checked: Aug 11 at 9:57AM
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 Compass
Investment Insights
Based on property information with market context.
This 692-square-foot commercial condominium provides a flexible office setting within a polished, light-filled interior. The open plan is complemented by floor-to-ceiling windows, soaring ceilings, a private bathroom, and dedicated storage. Built in 2015, the property is configured for an owner-user seeking a dedicated office address.
The unit is located at 370 Beech Street, Unit 3, in Boston’s Roslindale neighborhood, near the convergence of Washington, Walworth, and Beech Streets. Its position at a recognizable intersection supports strong street presence and convenient identification for visitors. Association services include water, sewer, master insurance, exterior maintenance, and snow removal.
The unit is located at 370 Beech Street, Unit 3, in Boston’s Roslindale neighborhood, near the convergence of Washington, Walworth, and Beech Streets. Its position at a recognizable intersection supports strong street presence and convenient identification for visitors. Association services include water, sewer, master insurance, exterior maintenance, and snow removal.
Key Highlights
- 692 SF commercial condominium
- Flexible open layout with floor‑to‑ceiling windows
- Soaring ceilings create an open interior feel
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
$20,403
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
5.68%
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%
$408,060
$408.1K
Cap Rate 7%
$291,471
$291.5K
Cap Rate 9%
$226,700
$226.7K
Market Conditions
NOI Build-Up for 692 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
$34.9K $50.40/SF
− Vacancy
−$7.7K −$11.09/SF
EGI
$27.2K $39.31/SF
− OpEx
−$6.8K −$9.83/SF
NOI
$20.4K $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%
$408,060
Cap Rate 7%
$291,471
Cap Rate 9%
$226,700
Alternative Uses
Best Use
Office B
$291.5K
$255.0K – $340.1K
NOI $20,403 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.2K
$453.4K – $604.5K
NOI $36,272 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Explore this area
Business Placement
Demographics for 02131, MA
30,544
Population
13,264
Households
2.3
Avg Household Size
39
Median Age
52%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
10,909
Density / Sq Mi
$109,237
Median Household Income
$65,268
Median Earnings
$1,999
Median Rent
$634,200
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Light-filled commercial condo offers floor-to-ceiling windows, high ceilings, a private bathroom, and dedicated storage.
Where is this office units located?
The property is located at 370 Beech Street Unit 3 Boston, MA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 692 SF commercial condominium; Flexible open layout with floor‑to‑ceiling windows; Soaring ceilings create an open interior feel
