Building Details

Year Built 1971

Listing Agency: Fort Hill Brokerage Group Show Phone

Listed By: Liana Williams Show Phone

Source: Lockandkeyre

Added: Oct 25 Changed: Oct 29 Last Checked: Oct 28 at 7:59AM

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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 Fort Hill Brokerage Group

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Investment Insights

Based on property information with market context.

This approximately 105-square-foot street-level commercial space is located within a residential apartment building. The property was built in 1971 and has a documented history of ATM use dating to at least 2008, with Bank of America previously occupying the space.

The unit is on Columbus Avenue in Boston’s South End. Nearby context includes residential communities, local businesses, restaurants, and neighborhood amenities, with access to downtown Boston.

Key Highlights

• Approximately 105 square feet of street‑level commercial space
• Prior Bank of America occupancy; documented ATM use dating to at least 2008
• Located at the base of a residential apartment building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$2,098

Suggested Prices Based on Cap Rates

Cap Rate 5%

$41,960 $42.0K

Cap Rate 7%

$29,971 $30.0K

Cap Rate 9%

$23,311 $23.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 105 SF

Gross rent

$3.3K $30.96/SF

− Vacancy

−$254 −$2.41/SF

EGI

$3.0K $28.55/SF

− OpEx

−$899 −$8.56/SF

NOI

$2.1K $19.98/SF

Area

ZIP 02116

Vacancy

7.80%

Lease Rate

$30.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$41,960

Cap Rate 7%

$29,971

Cap Rate 9%

$23,311

Alternative Uses

Best Use

Specialty Retail

$34.7K

$30.4K – $40.5K (±1% cap)

NOI $2,430 @ 7.0% cap · market cap 255.79%

Second Best

Retail

$30.0K

$26.2K – $35.0K (±1% cap)

NOI $2,098 @ 7.0% cap · market cap 220.84%

Theoretical Best

Office A

$62.2K

$54.4K – $72.5K (±1% cap)

NOI $4,351 @ 7.0% cap · market cap 458.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Columbus Dry Cleaners (Bike/Boat/Book/etc) Store Bank of America ATM Atm Benson Wu Restaurant Romper Room Childcare ... Daycare Center

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Home Appliance Store Plumbing Service Auto Repair Shop Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12,298

Businesses Nearby

189k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Apparel 56% Dining 20% Hotels & Casinos 11% Shops & Services 11%

Saks Fifth Avenue Apparel

81,452 visits/mo 0.3 miles

Neiman Marcus Apparel

24,205 visits/mo 0.3 miles

Shake Shack Dining

20,304 visits/mo 0.5 miles

Sheraton Hotels & Resorts Hotels & Casinos

17,688 visits/mo 0.4 miles

Shell Shops & Services

8,707 visits/mo 0.3 miles

Demographics for 02116, MA

23,408

Population

14,110

Households

1.7

Avg Household Size

36

Median Age

77%

College-Educated

93%

High-School Grad

0.6 sq mi

ZIP Area

39,013

Density / Sq Mi

$127,309

Median Household Income

$85,296

Median Earnings

$2,341

Median Rent

$1,583,500

Median Home Value

Market

Vacancy Rate% for Retail in Boston, MA

3.9% 2019

4.6% 2020

4.2% 2021

4% 2022

3.5% 2023

3.2% 2024

3.8% 2025

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Frequently Asked Questions

What type of property is this?

Bank - A compact commercial unit sits at the base of a residential apartment building on Columbus Avenue.

Where is this bank located?

The property is located at 465 Columbus Ave Boston, MA.

What are key features of this property?

This property features: Approximately 105 square feet of street‑level commercial space; Prior Bank of America occupancy; documented ATM use dating to at least 2008; Located at the base of a residential apartment building