Building Details

Year Built 2022

Listing Agency: The Collaborative Companies Show Phone

Listed By: Erin Roper

Source: Donahuere

Added: Jun 20 Changed: Oct 1 Last Checked: Oct 20 at 5:02PM

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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 The Collaborative Companies

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Investment Insights

Based on property information with market context.

This 331 SF ground-floor retail space is available for lease or sale within The Parker, a newly constructed luxury condominium building. The unit features modern construction and a flexible layout designed to support a range of retail and service requirements.

Located on LaGrange Street in Downtown Boston, the property sits near Boston Common, the Theater District, and Downtown Crossing, placing it within a dense, walkable urban setting.

Offered in a compact, street-level configuration, the suite provides an efficient footprint for operators seeking a retail presence at the base of a new residential development.

Key Highlights

• 1,331 SF ground‑floor retail space for lease or sale at The Parker
• Located in The Parker, a newly constructed luxury condominium building with 168 residences
• Ground‑floor retail on LaGrange Street in Downtown Boston

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,595

Cap Rate

4.04%

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 4.04%

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 8.37%

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

Property Analytics

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Current Use

The Parker Condominium Complex

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

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

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

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 - Ground-floor retail suite in The Parker, a newly constructed luxury condominium building with 168 residences.

Where is this retail space located?

The property is located at 55 Lagrange St Boston, MA.

What is the asking price?

The asking price for this property is $659,000.

What are key features of this property?

This property features: 1,331 SF ground‑floor retail space for lease or sale at The Parker; Located in The Parker, a newly constructed luxury condominium building with 168 residences; Ground‑floor retail on LaGrange Street in Downtown Boston