Ground-Floor Storefront
New
For Sale
$1,450,000
547 Columbus Avenue, Boston, MA 02118
Commercial condominium currently leased to a Pilates studio in Boston’s South End.
Property Size2,370 SF
Price / SF$611.81
Days on Market6
Property Features for 547 Columbus Avenue
General Information
Standard status
Active
Size
2,370 SF
Property subtype
Commercial
Additional Details
Floor
Ground
Building Details
Year Built
2000
Listing Agency:
Boston Realty Advisors
(617) 850-9612
Listed By:
Whitney Gallivan
Source:
Milburyre
Added: Aug 11
Changed: Aug 16
Last Checked: Aug 16 at 9:45AM
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
Investment Insights
Based on property information with market context.
This ground-floor commercial condominium comprises 2,370 SF within a building constructed in 2000. The property is configured as storefront space and was recently leased to The Move, a women-owned Pilates studio.
Located at 547 Columbus Avenue in Boston’s South End, the condominium sits within a retail corridor serving the surrounding neighborhood. The existing occupancy provides an established studio use in a street-level commercial setting.
Located at 547 Columbus Avenue in Boston’s South End, the condominium sits within a retail corridor serving the surrounding neighborhood. The existing occupancy provides an established studio use in a street-level commercial setting.
Key Highlights
- 2,370 SF ground‑floor commercial condominium
- Recently leased to The Move Pilates studio
- Women‑owned Pilates studio tenant
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
$45,540
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
3.14%
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%
$910,800
$910.8K
Cap Rate 7%
$650,571
$650.6K
Cap Rate 9%
$506,000
$506.0K
Market Conditions
NOI Build-Up for 2,370 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
$71.1K $30.00/SF
− Vacancy
−$6.0K −$2.55/SF
EGI
$65.1K $27.45/SF
− OpEx
−$19.5K −$8.24/SF
NOI
$45.5K $19.22/SF
Area
ZIP 02118
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%
$910,800
Cap Rate 7%
$650,571
Cap Rate 9%
$506,000
Alternative Uses
Best Use
Retail
$650.6K
$569.3K – $759.0K
NOI $45,540 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,670 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10,470
Businesses Nearby
205k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 51%
Dining 19%
Groceries 11%
Shops & Services 10%
Saks Fifth Avenue
Apparel
81,452 visits/mo
0.4 miles
Neiman Marcus
Apparel
24,205 visits/mo
0.5 miles
Whole Foods Market
Groceries
22,918 visits/mo
0.4 miles
Sheraton Hotels & Resorts
Hotels & Casinos
17,688 visits/mo
0.4 miles
Wendy's
Dining
14,786 visits/mo
0.5 miles
Demographics for 02118, MA
29,073
Population
15,554
Households
1.9
Avg Household Size
36
Median Age
58%
College-Educated
87%
High-School Grad
1.1 sq mi
ZIP Area
26,430
Density / Sq Mi
$90,142
Median Household Income
$73,110
Median Earnings
$1,748
Median Rent
$1,029,100
Median Home Value
Market
Vacancy Rate% for Retail in Boston, MA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial condominium currently leased to a Pilates studio in Boston’s South End.
Where is this storefront property located?
The property is located at 547 Columbus Avenue Boston, MA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 2,370 SF ground‑floor commercial condominium; Recently leased to The Move Pilates studio; Women‑owned Pilates studio tenant
