Rare Jamaica Plain Two-Car
For Sale
$85,000
57 Cornwall St, Boston, MA 02130
Two-car garage in Jamaica Plain, convenient location, ideal for parking.
Property Size500 SF
Price / SF$170
Days on Market267
Property Features for 57 Cornwall St
General Information
Standard status
Active
Size
500 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,999
Building Details
Year Built
1999
Listing Agency:
DMG Brokerage, LLC
(781) 591-3232
Listed By:
Jonathan Simon
(617) 935-0527
Source:
Corcoran
Added: Dec 30, 2025
Changed: Sep 4
Last Checked: Aug 25 at 5:06AM
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 DMG Brokerage, LLC
Investment Insights
Based on property information with market context.
This rare two-car garage in Jamaica Plain is suitable for secure off-street parking or additional storage. The location provides convenient access to Downtown Boston, public transportation, Brookline, schools, and major routes. This garage offers a practical solution for guaranteed parking and year-round peace of mind. It is ideal for commuters, local residents, or investors seeking a low-maintenance urban asset. The property size is 500 square feet.
Key Highlights
- Rare 2‑car garage in Jamaica Plain.
- Secure off‑street parking** in the city.
- Convenient access to Downtown Boston, public transportation, Brookline, schools, and major routes.
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
$5,262
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
6.19%
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%
$105,240
$105.2K
Cap Rate 7%
$75,171
$75.2K
Cap Rate 9%
$58,467
$58.5K
Market Conditions
NOI Build-Up for 500 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
$8.0K $16.08/SF
− Vacancy
−$523 −$1.05/SF
EGI
$7.5K $15.03/SF
− OpEx
−$2.3K −$4.51/SF
NOI
$5.3K $10.52/SF
Area
Boston, MA
Vacancy
6.50%
Lease Rate
$16.08 /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%
$105,240
Cap Rate 7%
$75,171
Cap Rate 9%
$58,467
Alternative Uses
Best Use
Retail
$115.3K
$100.9K – $134.5K
NOI $8,070 @ 7.0% cap · market cap 9.49%
Second Best
Industrial
$75.2K
$65.8K – $87.7K
NOI $5,262 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$374.4K
$327.6K – $436.8K
NOI $26,208 @ 7.0% cap · market cap 30.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,968
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 26%
Electronics 5%
Mobil
Shops & Services
17,433 visits/mo
0.4 miles
McDonald's
Dining
10,565 visits/mo
0.4 miles
Santander Bank
Shops & Services
6,028 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
2,210 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
2,176 visits/mo
0.1 miles
Demographics for 02130, MA
38,284
Population
18,802
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
94%
High-School Grad
3.5 sq mi
ZIP Area
10,938
Density / Sq Mi
$130,533
Median Household Income
$73,238
Median Earnings
$2,434
Median Rent
$763,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Boston, MA
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Two-car garage in Jamaica Plain, convenient location, ideal for parking.
Where is this parking lot & garage located?
The property is located at 57 Cornwall St Boston, MA.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Rare 2‑car garage in Jamaica Plain.; Secure off‑street parking** in the city.; Convenient access to Downtown Boston, public transportation, Brookline, schools, and major routes.
