Third-Floor Office
501 Boylston St, Boston, MA 02116
For Sale
Contact for pricing
A furnished office suite is offered for sublease through October 31, 2030.
Property Size11,922 SF
Price / SF$0.00
Days on Market53
Property Features for 501 Boylston St
General Information
Standard status
Size
Net Rentable
Site & Location
Neighborhood
Additional Details
Floor
Building Details
Year Built
Listing Agency:
Boston Realty Advisors
(617) 375-7900
Listed By:
William Catlin
Source:
Lockandkeyre
Added: Sep 23
Changed: Nov 12
Last Checked: Nov 12 at 8:23AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 11,922-RSF office unit occupies the third floor at 501 Boylston St. The space is offered as a sublease through 10/31/30. The building dates to 1940.
Key Highlights
- 11,922 RSF on the third floor
- Sublease term available through 10/31/30
- Building constructed in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$406,130
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,122,600
$8.1M
Cap Rate 7%
$5,801,857
$5.8M
Cap Rate 9%
$4,512,556
$4.5M
Market Conditions
NOI Build-Up for 11,922 SF
Gross rent
$642.4K $53.88/SF
− Vacancy
−$100.9K −$8.46/SF
EGI
$541.5K $45.42/SF
− OpEx
−$135.4K −$11.36/SF
NOI
$406.1K $34.07/SF
Area
ZIP 02116
Vacancy
15.70%
Lease Rate
$53.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,122,600
Cap Rate 7%
$5,801,857
Cap Rate 9%
$4,512,556
Alternative Uses
Best Use
Office B
$5.80M
$5.08M – $6.77M
NOI $406,130 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.06M
$6.18M – $8.23M
NOI $494,045 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
12,463
Businesses Nearby
Explore this area
Business Placement
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
$1,583,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Boston, MA
Properties on Market for Office Units in Boston
Vacancy Rate% for Office in Boston, MA
Frequently Asked Questions
What type of property is this?
Office unit - A furnished office suite is offered for sublease through October 31, 2030.
Where is this office unit located?
The property is located at 501 Boylston St Boston, MA.
What are key features of this property?
This property features: 11,922 RSF on the third floor; Sublease term available through 10/31/30; Building constructed in 1940
