Mixed-Use Office/Retail
406 Neponset Ave, Boston, MA 02122
For Sale
Contact for pricing
Configured with updated flooring, glass partitions, and a kitchenette for flexible office or retail use.
Property Size875 SF
Price / SF$2.97
Days on Market60
Property Features for 406 Neponset Ave
General Information
Standard status
Size
Class
Site & Location
Neighborhood
Highway Access
Public Transit
Amenities
new carpet
glass dividers
small kitchenette
Building Details
Year Built
Listing Agency:
EVO Real Estate Group, LLC
(617) 517-9755
Listed By:
Brian Quijada
(978) 590-9921
Source:
Lockandkeyre
Added: Sep 9
Changed: Nov 6
Last Checked: Nov 6 at 9:47AM
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 EVO Real Estate Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes an office and retail unit with new carpet, glass dividers, and a small kitchenette. The space was previously occupied by a bank, supporting continued consideration for financial services or other commercial uses stated in the property information.
The building is positioned immediately off I-93, with proximity to UMass, Downtown Boston, and public transportation. The property’s established commercial setting and existing interior improvements provide a practical foundation for office, retail, salon, or tattoo shop use.
The building is positioned immediately off I-93, with proximity to UMass, Downtown Boston, and public transportation. The property’s established commercial setting and existing interior improvements provide a practical foundation for office, retail, salon, or tattoo shop use.
Key Highlights
- Office and retail configuration within a mixed‑use building
- New carpet, glass dividers, and a small kitchenette
- Previously used as a bank
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,123
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,460
$282.5K
Cap Rate 7%
$201,757
$201.8K
Cap Rate 9%
$156,922
$156.9K
Market Conditions
NOI Build-Up for 875 SF
Gross rent
$22.1K $25.20/SF
− Vacancy
−$1.9K −$2.14/SF
EGI
$20.2K $23.06/SF
− OpEx
−$6.1K −$6.92/SF
NOI
$14.1K $16.14/SF
Area
Boston, MA
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,460
Cap Rate 7%
$201,757
Cap Rate 9%
$156,922
Alternative Uses
Best Use
Office B
$368.6K
$322.5K – $430.0K
NOI $25,799 @ 7.0% cap · market cap 992.27%
Second Best
Mixed Use
$305.2K
$267.0K – $356.0K
NOI $21,361 @ 7.0% cap · market cap 821.58%
Theoretical Best
Office A
$655.2K
$573.3K – $764.4K
NOI $45,864 @ 7.0% cap · market cap 1,764.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 02122, MA
24,385
Population
10,039
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
14,344
Density / Sq Mi
$82,945
Median Household Income
$53,897
Median Earnings
$2,052
Median Rent
$656,400
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Boston, MA
Properties on Market for Mixed-use properties in Boston
Vacancy Rate% for Office in Boston, MA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Configured with updated flooring, glass partitions, and a kitchenette for flexible office or retail use.
Where is this mixed-use property located?
The property is located at 406 Neponset Ave Boston, MA.
What are key features of this property?
This property features: Office and retail configuration within a mixed‑use building; New carpet, glass dividers, and a small kitchenette; Previously used as a bank
