Subdividable Retail
64 Putnam Street #1, Winthrop, MA 02152
For Sale
Contact for pricing
Brick and masonry construction offers flexible space for a range of commercial uses.
Property Size5,815 SF
Price / SF$1.37
Days on Market9
Property Features for 64 Putnam Street #1
General Information
Standard status
Size
Additional Details
Public Transit
Building Details
Year Built
Construction
Listing Agency:
Reference Real Estate
Listed By:
Reserve Team
(781) 342-0052
Source:
Lockandkeyre
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 9:54AM
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 Reference Real Estate
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Investment Insights
Based on property information with market context.
This retail property at 64 Putnam Street includes 5,815 square feet and can be divided into smaller spaces. The brick and masonry building dates to 1914 and has 30-foot wall heights, gas forced-air HVAC, and central air. The source lists retail, office, fitness, salon or spa, restaurant, and service businesses as potential uses.
The property is on Putnam Street in Winthrop’s Center Business District. Restaurants, banks, the post office, and MBTA bus service to Boston are within walking distance.
The property is on Putnam Street in Winthrop’s Center Business District. Restaurants, banks, the post office, and MBTA bus service to Boston are within walking distance.
Key Highlights
- 5,815 SF of retail space, with subdivision available
- Brick and masonry construction; 30‑foot wall heights
- Gas forced‑air HVAC and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,689
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,273,780
$2.3M
Cap Rate 7%
$1,624,129
$1.6M
Cap Rate 9%
$1,263,211
$1.3M
Market Conditions
NOI Build-Up for 5,815 SF
Gross rent
$174.5K $30.00/SF
− Vacancy
−$12.0K −$2.07/SF
EGI
$162.4K $27.93/SF
− OpEx
−$48.7K −$8.38/SF
NOI
$113.7K $19.55/SF
Area
Suffolk County, MA
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,273,780
Cap Rate 7%
$1,624,129
Cap Rate 9%
$1,263,211
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,689 @ 7.0% cap · market cap 1,430.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.44M
$3.01M – $4.02M
NOI $240,972 @ 7.0% cap · market cap 3,031.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citizens Bank
Shops & Services
3,713 visits/mo
0.0 miles
Demographics for 02152, MA
19,316
Population
8,467
Households
2.3
Avg Household Size
44
Median Age
43%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
11,362
Density / Sq Mi
$106,357
Median Household Income
$68,062
Median Earnings
$1,909
Median Rent
$606,900
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Suffolk County, MA
Properties on Market for Retail space in Suffolk County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Brick and masonry construction offers flexible space for a range of commercial uses.
Where is this retail space located?
The property is located at 64 Putnam Street #1 Winthrop, MA.
What are key features of this property?
This property features: 5,815 SF of retail space, with subdivision available; Brick and masonry construction; 30‑foot wall heights; Gas forced‑air HVAC and central air
