Ground-Floor Retail
371 Beacon St, Somerville, MA 02143
For Sale
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A 2026-built hotel includes 2,500 square feet of ground-level space suited to retail, fitness, or food and beverage use.
Property Size2,500 SF
Days on Market52
Property Features for 371 Beacon St
General Information
Standard status
Size
Additional Details
Floor
Building Details
Year Built
Listing Agency:
Boston Realty Advisors
(617) 375-7900
Listed By:
Whitney Gallivan
(617) 850-9612
Source:
Lockandkeyre
Added: Sep 23
Changed: Nov 12
Last Checked: Nov 12 at 8:01AM
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 Realty Advisors
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Investment Insights
Based on property information with market context.
Ground-floor retail space is available within the newly constructed Beacon Suites Hotel. The 2,500-square-foot area is identified for retail, fitness, or food and beverage use. The hotel was built in 2026.
Key Highlights
- 2,500 SF of ground‑floor retail space
- Located within the Beacon Suites Hotel, built in 2026
- Retail, fitness, and food and beverage uses are identified
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,932
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,640
$718.6K
Cap Rate 7%
$513,314
$513.3K
Cap Rate 9%
$399,244
$399.2K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$54.9K $21.96/SF
− Vacancy
−$3.6K −$1.43/SF
EGI
$51.3K $20.53/SF
− OpEx
−$15.4K −$6.16/SF
NOI
$35.9K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,640
Cap Rate 7%
$513,314
Cap Rate 9%
$399,244
Alternative Uses
Best Use
Retail
$513.3K
$449.2K – $598.9K
NOI $35,932 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,599 @ 7.0% cap
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
Location Intelligence
Trade Area within ½ mile
2,660
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 30%
Home Improvements & Furnishings 20%
Groceries 9%
Tags Hardware
Home Improvements & Furnishings
25,601 visits/mo
0.2 miles
Dollar Tree
Shops & Services
18,592 visits/mo
0.4 miles
Speedway
Shops & Services
12,804 visits/mo
0.4 miles
Star Market
Groceries
11,760 visits/mo
0.3 miles
Cumberland Farms
Shops & Services
11,484 visits/mo
0.2 miles
Demographics for 02143, MA
26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Somerville
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - A 2026-built hotel includes 2,500 square feet of ground-level space suited to retail, fitness, or food and beverage use.
Where is this retail space located?
The property is located at 371 Beacon St Somerville, MA.
What are key features of this property?
This property features: 2,500 SF of ground‑floor retail space; Located within the Beacon Suites Hotel, built in 2026; Retail, fitness, and food and beverage uses are identified
