Retail Space in Luxury
For Sale
$800,000
55 Lagrange, Boston, MA 02116
1,331 SF retail space in downtown Boston for sale.
Property Size1,331 SF
Price / SF$601.05
Days on Market215
Property Features for 55 Lagrange
General Information
Standard status
Active
Size
1,331 SF
Property subtype
Commercial
Building Details
Year Built
2022
Listing Agency:
Boston Realty Advisors
(617) 375-7900
Listed By:
Whitney Gallivan
Source:
Corcoran
Added: Jan 8
Changed: Aug 9
Last Checked: Apr 5 at 9:05PM
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 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 = 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
$26,595
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
3.32%
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%
$531,900
$531.9K
Cap Rate 7%
$379,929
$379.9K
Cap Rate 9%
$295,500
$295.5K
Market Conditions
NOI Build-Up for 1,331 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
$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 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%
$531,900
Cap Rate 7%
$379,929
Cap Rate 9%
$295,500
Alternative Uses
Best Use
Retail
$379.9K
$332.4K – $443.3K
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
NOI $55,156 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21,165
Businesses Nearby
139k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 31%
Hotels & Casinos 30%
Dining 24%
Home Improvements & Furnishings 11%
Whole Foods Market
Groceries
43,710 visits/mo
0.4 miles
McDonald's
Dining
31,271 visits/mo
0.3 miles
Moxy Boston Downtown
Hotels & Casinos
26,386 visits/mo
DoubleTree by Hilton Hotel Boston - Downtown
Hotels & Casinos
15,586 visits/mo
0.1 miles
RH (Restoration Hardware)
Home Improvements & Furnishings
13,933 visits/mo
0.5 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
Questions? Ask Rey
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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.
