Corner Storefront with Signalized
4 Parkman Boston, MA 02122
4 Parkman, Boston, MA, 02122
$1,095,000
For Sale
$1,095,000
Storefront building on a signalized corner, currently operating as a church, offering a flexible interior layout.
Property Size2,200 SF
Price / SF$497.73
Days on Market98
Property Features for 4 Parkman
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
TMW Realty Group
(617) 322-9684
Listed by
Thomas White
Source
Corcoran
Added: Apr 15 Updated: Jul 21 at 12:52AM Checked: Jul 21 at 5:12AM
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 TMW Realty Group
Investment Insights
Based on property information with market context.
This 2,200 SF storefront building is currently used as a church and features a layout that can support a range of commercial uses. The property’s configuration also lends itself to redevelopment, with potential for options such as residential conversion or vertical expansion, subject to buyer verification.
Situated on a highly visible, signalized corner along Dorchester Ave in Boston, the building benefits from strong street presence and traffic counts. It is located within a mixed-use corridor characterized by dense surrounding population and ongoing growth.
Situated on a highly visible, signalized corner along Dorchester Ave in Boston, the building benefits from strong street presence and traffic counts. It is located within a mixed-use corridor characterized by dense surrounding population and ongoing growth.
Key Highlights
- 2,200 SF storefront building on a signalized corner along Dorchester Ave with strong street presence
- Currently used as a church with a flexible interior layout for retail, restaurant, office, or other uses
- Corner location for high visibility and access on Dorchester Ave
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.4k | $25.20 |
| − Vacancy | −$4.7k | −$2.14 |
| EGI | $50.7k | $23.06 |
| − OpEx | −$15.2k | −$6.92 |
| NOI | $35.5k | $16.14 |
2,200 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$507.3K
$443.9K – $591.8K
NOI $35,509 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,315 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Churches & religious facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Church & religious facility - Storefront building on a signalized corner, currently operating as a church, offering a flexible interior layout.
Where is this church & religious facility located?
The property is located at 4 Parkman Boston, MA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 2,200 SF storefront building on a signalized corner along Dorchester Ave with strong street presence; Currently used as a church with a flexible interior layout for retail, restaurant, office, or other uses; Corner location for high visibility and access on Dorchester Ave
