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New Storefront Commercial Condo
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595 Albany St # 1, Boston, MA 02118

Corner-positioned space with a large glass frontage supports retail or office use.

Property Size400 SF
Price / SF$6.25
Days on Market360

Property Features for 595 Albany St # 1

General Information

Standard status Active
Size 400 SF
Property subtype Commercial
Lease Type Gross

Additional Details

Corner Location Yes

Building Details

Building Size 400 SF
Year Built 2024
Listing Agency: Eastern Land Company
Listed By: Stephen Pleines
Source: Churchillprop
Added: Oct 24, 2025 Changed: Oct 6 Last Checked: Oct 16 at 6:14AM

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 Eastern Land Company

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Investment Insights

Based on property information with market context.

This first-generation commercial condominium offers approximately 400 SF of retail or office space within a 2024-built property. Large glass storefront windows provide the primary architectural feature, while the corner position at Albany Street and East Dedham Street defines the suite’s setting.

The property is located at 595 Albany St #1 in Boston’s South End. Its compact commercial format and storefront configuration provide a straightforward option for an occupant seeking space designated in the source information for retail or office use.

Key Highlights

  • +/- 400 SF retail / office space
  • First‑generation commercial condo
  • Large glass storefront

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$7,686
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,720 $153.7K
Cap Rate 7%
$109,800 $109.8K
Cap Rate 9%
$85,400 $85.4K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$12.0K $30.00/SF
− Vacancy
−$1.0K −$2.55/SF
EGI
$11.0K $27.45/SF
− OpEx
−$3.3K −$8.24/SF
NOI
$7.7K $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 Rate 5%
$153,720
Cap Rate 7%
$109,800
Cap Rate 9%
$85,400

Alternative Uses

Best Use
Retail
$109.8K
$96.1K – $128.1K (±1% cap)
NOI $7,686 @ 7.0% cap · market cap 307.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$300.6K
$263.0K – $350.7K (±1% cap)
NOI $21,041 @ 7.0% cap · market cap 841.64%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Bahai Center of Boston Charitable Organization

Suggested Use

Top Pick Auto Parts Store Accounting Firm Kitchen & Bath Showroom HVAC Service Tattoo & Piercing Shop Nursing Home

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

6,519
Businesses Nearby
64k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 58% Shops & Services 40% Home Improvements & Furnishings 2%
McDonald's Dining
29,944 visits/mo 0.4 miles
Mobil Shops & Services
9,414 visits/mo 0.3 miles
Sunoco Shops & Services
7,675 visits/mo 0.4 miles
Dunkin' Donuts Dining
7,418 visits/mo 0.5 miles
Public Storage Shops & Services
5,414 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
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

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?
Storefront property - Corner-positioned space with a large glass frontage supports retail or office use.
Where is this storefront property located?
The property is located at 595 Albany St # 1 Boston, MA.
What are key features of this property?
This property features: +/- 400 SF retail / office space; First‑generation commercial condo; Large glass storefront
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