Extra Large Parking
For Sale
$99,950
425 Newbury St #181, Boston, MA 02115
Extra large parking spot with easy in-and-out access and proximity to the elevator for convenient arrival and departure.
Property Size200 SF
Price / SF$499.75
Days on Market68
Property Features for 425 Newbury St #181
General Information
Standard status
Active
Size
200 SF
Total Parking Spaces
1
Property subtype
Land
Zoning
R
Taxes and HOA fees
Annual Taxes
$1,203
Building Details
Building Size
200 SF
Year Built
1984
Listing Agency:
Compass
(404) 668-6621
Listed By:
The Goodrich Team · License #2003019411
Source:
413realestate
Added: Jun 6
Changed: Aug 8
Last Checked: Aug 8 at 3:23PM
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 offering includes an extra large parking space designed to accommodate day-to-day vehicle parking with comfortable room for maneuvering. The space is positioned to provide a “fantastic view,” and it is described as offering straightforward, practical daily convenience.
Access is a key feature, with easy in-and-out movement noted for smoother arrivals and departures. The location also provides close proximity to the elevator, which can be important for occupants who want to minimize walking time between the vehicle and the building.
For tenants, commuters, or operators seeking dependable parking, this space may be a useful complement to an existing arrangement where additional or more accommodating parking is needed. Buyers looking for parking that emphasizes convenience can consider this option for its extra-large design and the stated convenience of elevator access, supported by the property’s current configuration.
Access is a key feature, with easy in-and-out movement noted for smoother arrivals and departures. The location also provides close proximity to the elevator, which can be important for occupants who want to minimize walking time between the vehicle and the building.
For tenants, commuters, or operators seeking dependable parking, this space may be a useful complement to an existing arrangement where additional or more accommodating parking is needed. Buyers looking for parking that emphasizes convenience can consider this option for its extra-large design and the stated convenience of elevator access, supported by the property’s current configuration.
Key Highlights
- Extra‑large parking spot
- Easy in‑and‑out access for convenient arrival and departure
- Close to the elevator
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
$3,843
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
3.84%
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%
$76,860
$76.9K
Cap Rate 7%
$54,900
$54.9K
Cap Rate 9%
$42,700
$42.7K
Market Conditions
NOI Build-Up for 200 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
$6.0K $30.00/SF
− Vacancy
−$510 −$2.55/SF
EGI
$5.5K $27.45/SF
− OpEx
−$1.6K −$8.24/SF
NOI
$3.8K $19.22/SF
Area
ZIP 02115
Vacancy
8.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$76,860
Cap Rate 7%
$54,900
Cap Rate 9%
$42,700
Alternative Uses
Best Use
Retail
$54.9K
$48.0K – $64.1K
NOI $3,843 @ 7.0% cap · market cap 3.84%
Second Best
Industrial
$30.6K
$26.7K – $35.7K
NOI $2,139 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$153.7K
$134.5K – $179.3K
NOI $10,757 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,350
Businesses Nearby
155k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 24%
Dining 24%
Groceries 15%
Apparel 15%
Whole Foods Market
Groceries
22,918 visits/mo
0.4 miles
Patagonia
Apparel
22,661 visits/mo
0.2 miles
Shake Shack
Dining
20,304 visits/mo
0.5 miles
Sheraton Hotels & Resorts
Hotels & Casinos
17,688 visits/mo
0.4 miles
Wendy's
Dining
14,786 visits/mo
0.2 miles
Demographics for 02115, MA
31,604
Population
11,556
Households
2.7
Avg Household Size
25
Median Age
67%
College-Educated
91%
High-School Grad
0.7 sq mi
ZIP Area
45,149
Density / Sq Mi
$53,398
Median Household Income
$13,950
Median Earnings
$2,033
Median Rent
$1,015,400
Median Home Value
Market
Vacancy Rate% for Retail in Boston, MA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Extra large parking spot with easy in-and-out access and proximity to the elevator for convenient arrival and departure.
Where is this parking lot & garage located?
The property is located at 425 Newbury St #181 Boston, MA.
What is the asking price?
The asking price for this property is $99,950.
What are key features of this property?
This property features: Extra‑large parking spot; Easy in‑and‑out access for convenient arrival and departure; Close to the elevator
