Building Details

Year Built 1931

Year Renovated 2018

Units 5

Listing Agency: Yannios Real Estate Investment Sales

Listed By: James Yannios · License #9052901 Show Phone

Source: Crexi

Added: Aug 30 Changed: Oct 11 Last Checked: Oct 16 at 9:20AM

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Investment Insights

Based on property information with market context.

This mixed-use property contains 4,639 square feet of building area and was constructed in 1931. The asset is located at 691, 693-693B Dudley St. in Dorchester, Massachusetts, within ZIP code 02125.

Key Highlights

• 4,639 square feet of building area
• Constructed in 1931
• Located at 691, 693‑693B Dudley St.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$113,250

Cap Rate

6.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,265,000 $2.3M

Cap Rate 7%

$1,617,857 $1.6M

Cap Rate 9%

$1,258,333 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,639 SF

Gross rent

$194.8K $42.00/SF

− Vacancy

−$13.6K −$2.94/SF

EGI

$181.2K $39.06/SF

− OpEx

−$67.9K −$14.65/SF

NOI

$113.2K $24.41/SF

Area

Boston, MA

Vacancy

7.00%

Lease Rate

$42.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,265,000

Cap Rate 7%

$1,617,857

Cap Rate 9%

$1,258,333

Alternative Uses

Best Use

Mixed Use

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,250 @ 7.0% cap · market cap 6.29%

Second Best

Specialty Retail

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,305 @ 7.0% cap · market cap 4.96%

Theoretical Best

Office A

$3.47M

$3.04M – $4.05M (±1% cap)

NOI $243,158 @ 7.0% cap · market cap 13.51%

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

Property Analytics

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Current Use

Uphams Corner Train Station

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Skin Care Clinic Acupuncture Cafe & Coffee Shop

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

1,917

Businesses Nearby

59k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 53% Shops & Services 36% Home Improvements & Furnishings 5% Apparel 4%

KFC Dining

19,203 visits/mo 0.4 miles

Dunkin' Donuts Dining

12,224 visits/mo 0.4 miles

PLS Financial Services Shops & Services

9,721 visits/mo 0.4 miles

7-Eleven Shops & Services

5,919 visits/mo 0.4 miles

Citizens Bank Shops & Services

4,788 visits/mo 0.1 miles

Demographics for 02125, MA

34,926

Population

14,999

Households

2.3

Avg Household Size

32

Median Age

42%

College-Educated

87%

High-School Grad

2.2 sq mi

ZIP Area

15,875

Density / Sq Mi

$71,810

Median Household Income

$52,106

Median Earnings

$1,897

Median Rent

$645,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial property combining multiple use types within an established building.

Where is this mixed-use property located?

The property is located at 691 693-693B Dudley St. Dorchester, MA.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: 4,639 square feet of building area; Constructed in 1931; Located at 691, 693‑693B Dudley St.