55 Lagrange, Boston, MA 02116

Building Details

Year Built 2022 More

Listing Agency: Boston Realty Advisors Show Phone

Listed By: Whitney Gallivan Show Phone

Source: Corcoran

Added: Jan 8 Changed: Aug 9 Last Checked: Aug 25 at 3:59AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,331 SF ground-floor retail space is available for sale at The Parker, a newly constructed luxury condominium building featuring 168 residences. Situated on LaGrange Street in Downtown Boston, the space benefits from strong visibility and high pedestrian traffic. The modern construction and flexible layout accommodate various retail or service uses. This offering presents a rare opportunity within a new luxury residential development, located near Boston Common, the Theater District, and Downtown Crossing.

Key Highlights

• Prime ground‑floor retail space in a newly constructed luxury condominium building.
• High visibility and pedestrian traffic on LaGrange Street in Downtown Boston.
• Located within The Parker, a new luxury residential development with 168 residences.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,595

Cap Rate

3.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$531,900 $531.9K

Cap Rate 7%

$379,929 $379.9K

Cap Rate 9%

$295,500 $295.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,331 SF

Gross rent

$41.2K $30.96/SF

− Vacancy

−$3.2K −$2.41/SF

EGI

$38.0K $28.55/SF

− OpEx

−$11.4K −$8.56/SF

NOI

$26.6K $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%

$531,900

Cap Rate 7%

$379,929

Cap Rate 9%

$295,500

Alternative Uses

Best Use

Retail

$379.9K

$332.4K – $443.3K (±1% cap)

NOI $26,595 @ 7.0% cap · market cap 3.32%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$787.9K

$689.5K – $919.3K (±1% cap)

NOI $55,156 @ 7.0% cap · market cap 6.89%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Accounting Firm Carpet & Flooring Store Spa & Massage Center (Bike/Boat/Book/etc) 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

2,030

Businesses Nearby

86k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 46% Shops & Services 41% Apparel 12%

McDonald's Dining

39,955 visits/mo 0.4 miles

Bank of America Shops & Services

21,630 visits/mo 0.5 miles

AutoZone Shops & Services

13,395 visits/mo 0.4 miles

Goodwill Apparel

10,694 visits/mo 0.5 miles

U-Haul Shops & Services

744 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

Average Price Trend$/SF for Retail space in Boston, MA

$607 Jul

$508 Aug

$388 Sep

$367 Oct

Properties on Market for Retail space in Boston

Jul

Aug

Sep

Oct

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?

Retail space - 1,331 SF retail space in downtown Boston for sale.

Where is this retail space located?

The property is located at 55 Lagrange Boston, MA.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: Prime ground‑floor retail space in a newly constructed luxury condominium building.; High visibility and pedestrian traffic on LaGrange Street in Downtown Boston.; Located within The Parker, a new luxury residential development with 168 residences.