Medical Office Suite
1-830 Main St Melrose, MA 02176
1-830 Main St, Melrose, MA, 02176
$899,000
For Sale
$899,000
Lower-level medical and professional suite with multiple exam rooms, offices, and parking for staff and visitors.
Property Size2,058 SF
Price / SF$436.83
Days on Market260
Property Features for 1-830 Main St
General Information
- Standard status
- Active
- Size
- 2,058 SF
Listing Agency
Mallon Real Estate
(617) 504-4144
Listed by
Joseph Mallon
(617) 504-4144
Source
Exprealty
Added: Nov 3, 2025 Updated: Jul 10 at 1:49 pm Checked: Jul 20 at 8:33 am
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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.
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
NOI $65,301 @ 7.0% cap · market cap 7.26%
Second Best
Healthcare Medical
$853.4K
$746.7K – $995.6K
NOI $59,737 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,283 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market 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
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.
