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75 State St 1454 Boston, MA 02109

Office buildings Google Maps
861,823 SF 1.43 ac lot Built 1987
Entity Owned 6-yr Hold ~ Est. High Equity
75 State St,Unit 1454, Boston, MA 02109 For Lease
$65 SF/Yr 1,000 SF available
75 State St,Unit 1454, Boston, MA 02109
View Listing →
Estimated value (blended)
$317.81M
Range $286.03M – $349.59M (±10%)
Property ID US38-1052962

Property summary

AI-generated overview

This Class A, 39,974 sq ft office building in Boston's Financial District offers a variety of workspace solutions. Located at the corner of State and Kilby Streets, the building underwent renovations in 2019 and features 350 suites, with a minimum divisible space of 50 sq ft and a maximum contiguous space of 1,300 sq ft. Currently, 5,650 sq ft is vacant. The building boasts a grand lobby, a rooftop deck, and an on-site café. Amenities include high-speed Wi-Fi, helpful administrative staff, and a variety of workspace options to suit diverse needs. These options range from fully furnished private offices (single-person to large corporate spaces, including executive suites and day offices) to shared coworking spaces with hot-desking and dedicated desks. Numerous meeting rooms are available, catering to various needs, from informal chats to large conferences. The building also offers convenient access to public transportation and nearby attractions such as the Old State House and Orpheum Theatre. The building includes elevators. This location provides a vibrant and collaborative environment for businesses of all sizes, with flexible options to accommodate evolving needs.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction STEEL FRAME
Total area 861,823 SF
Lot 1.43 ac (62,185 SF)
Zoning code C
APN CBOS W:03 P:03860 S:000
UPID US38-1052962

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor
  • Architect
  • Business Management Consultant
  • Accounting Firm
  • Accounting Firm Tax Preparation

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$317.81M

Owner & transaction history

since 2019
6 recorded transactions
2019
$635.0M
2008
$1
2008
Price N/A
1998
$313.1M
1989
Price N/A
1969
Price N/A

Zoning & alternative use

C · Boston, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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