Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Suite Condo Title is generated by Realmo AI

    1-830 Main St, Melrose, MA 02176

    View on Map
    Claim this Listing
    For Sale
    $899,000

    Lower-level medical and professional suite with multiple exam rooms, offices, and parking for staff and visitors.

    Property size:
    2,058 SF
    Price / SF:
    $436/SF
    Added:
    Nov 3, 2025
    Days on Market:
    214
    Last Refresh:
    Jun 5 at 2:35 am

    Property Features for 1-830 Main St

    General Information

    Standard status
    Active
    Size
    2,058 SF

    We can help!

    Listing Contact
    Joseph Mallon

    Listing agent Joseph Mallon

    Listing office Mallon Real Estate

    Listing date Nov 3, 2025

    Source Exprealty

    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 Mallon Real Estate

    HighLights

    • Lower‑level office suite condo set up for medical or professional use.
    • Includes 5 exam rooms, 2 private offices, and spacious reception with custom built‑ins.
    • Additional reception or waiting area plus a business center, staff lounge, and kitchenette.
    • Two bathrooms and storage included.
    • Ample onsite parking for staff and visitors.
    • Walkable location near MelroseWakefield Hospital, public transit, and downtown Melrose.

    Overview

    This office suite condo is configured for medical or professional use and is located in a lower-level space. The interior includes five exam rooms, two private offices, and a spacious reception area with custom built-ins. Additional common-facing space can function as a second reception or waiting area, supported by a staff lounge and kitchenette. The suite also features two bathrooms, a business center, and dedicated storage.

    The property is described as a walkable location near MelroseWakefield Hospital, with nearby public transit access and proximity to downtown Melrose. Onsite parking is available.

    For tenants seeking a turnkey space for patient-facing services or client meetings, the room count and layout support an operational flow from reception through exam rooms, with offices and back-of-house amenities like a staff lounge and kitchenette. The presence of multiple bathrooms, storage, and a business center can help streamline day-to-day needs in a professional or clinical environment. As a suite condominium, it offers an organized, self-contained option for medical or office users looking to operate from a dedicated interior space with parking.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $111.6k $54.24
    − Vacancy −$24.6k −$11.93
    EGI $87.1k $42.31
    − OpEx −$21.8k −$10.58
    NOI $65.3k $31.73
    2,058 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $932.9K
    $816.3K – $1.09M (±1% cap)
    NOI $65,301 @ 7.0% cap · market cap 7.26%
    Second Best
    Healthcare Medical
    $853.4K
    $746.7K – $995.6K (±1% cap)
    NOI $59,737 @ 7.0% cap · market cap 6.64%
    Theoretical Best
    Office A
    $1.22M
    $1.07M – $1.42M (±1% cap)
    NOI $85,283 @ 7.0% cap · market cap 9.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Pine Banks Animal Hospital & Knnls: Chopra Raman DVM — 1130 Main St, Malden, MA 02148
    • Pine Banks Animal Hospital — 1130 Main St, Malden, MA 02148

    Location Insight

    • Map
    • Local Demand
    City
    Melrose
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.068198
    Latitude
    42.442667

    Nearby Similar for Sale

    • $899,000

      Melrose Office Suite Condo

      Office suite near hospital, public transit, and downtown Melrose.
      830 Main St #1, Melrose, MA 02176
      View Details
    • $450,000
      1,500 SF

      Melrose Commercial Condos Near Train

      Two commercial condo units near Melrose's West Wyoming train station.
      26 W Wyoming Ave #b1, Melrose, MA 02176
      View Details
    • $450,000
      1,500 SF

      Melrose Commercial Condos Near Train

      Two commercial condo units near commuter rail station.
      26 W Wyoming Ave b1, Melrose, MA 02176
      View Details
    • $799,900
      4,448 SF

      Melrose Mixed-Use Investment Opportunity

      4,448 SF building in Melrose Market with BA-2 zoning.
      437-445 Franklin St., Melrose, MA 02176
      View Details
    • $1,200,000

      Melrose Commercial Building with Parking

      Free-standing commercial building with parking in Melrose, Massachusetts.
      138 Main St, Melrose, MA 02176
      View Details
    • $1,200,000

      Free Standing Commercial Building

      Commercial building in Melrose with parking and redevelopment potential.
      138 Main St, Melrose, MA 02176
      View Details
    • Contact for pricing
      4,448 SF

      Melrose Retail Investment Opportunity

      Prime Melrose location near MBTA, ideal for retail investment.
      437 Franklin Street, Melrose, MA USA, Melrose, MA 02176
      View Details
    • $899,000
      2,058 SF

      Melrose Office Suite Condo

      Office suite near hospital, public transit, and downtown Melrose.
      830 Main St # 1, Melrose, MA, MA 02176
      View Details
    • $999,999
      2,058 SF

      Medical Office Condo Near Hospital

      Medical/professional office condo near Tufts Medical Center and MelroseWakefield Hospital.
      830 Main St #1, Melrose, MA 02176
      View Details
    • $1,199,000

      Renovated Two-Family Home with Yard

      Two-family home near downtown Melrose with modern finishes and solar.
      381 Washington St, Melrose, MA 02176
      View Details
    • $450,000
      1,500 SF

      Melrose Commercial Condos Near Train

      Two commercial condo units in prime downtown location near train.
      26 W Wyoming Ave #b1, Melrose, MA 02176
      View Details
    • $1,450,000
      4,497 SF

      Victorian Mixed-Use Building in Melrose

      Mixed-use property with residential and commercial units in downtown Melrose.
      3-5 E Foster St, Melrose, MA 02176
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Lower-level medical and professional suite with multiple exam rooms, offices, and parking for staff and visitors.
    Where is this medical office space located?
    The property is located at 1-830 Main St Melrose, MA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Lower‑level office suite condo set up for medical or professional use.; Includes 5 exam rooms, 2 private offices, and spacious reception with custom built‑ins.; Additional reception or waiting area plus a business center, staff lounge, and kitchenette.
    (617) 504-4144
    We can help!
    Listing Contact
    Joseph Mallon
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1-830 Main St, Melrose, MA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!