Renovated Retail Office
1 Glenwood St #6 Malden, MA 02148
1 Glenwood St #6, Malden, MA, 02148
$500,000
For Sale
$500,000
Renovated commercial suite with an open layout, half bath, and storage room, plus public parking in front.
Property Size1,048 SF
Price / SF$477.10
Days on Market135
Property Features for 1 Glenwood St #6
General Information
- Standard status
- Active
- Size
- 1,048 SF
Building Details
- Year Built
- 1920
Listing Agency
Keller Williams Realty
Listed by
Christine Do
Source
Insightrealtygroup
Added: Mar 4 Checked: Jul 17 at 2:36 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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This renovated commercial space offers an open, flexible layout suitable for a range of storefront or office uses. The suite includes a half bathroom and a dedicated storage room, and is presented as a blank-canvas space for a tenant’s specific buildout needs.
The property is located directly across from the Oak Grove T-station and includes a public parking lot in front, supporting convenient customer and employee access.
The upper levels are described as newly renovated condo units.
The property is located directly across from the Oak Grove T-station and includes a public parking lot in front, supporting convenient customer and employee access.
The upper levels are described as newly renovated condo units.
Key Highlights
- Renovated 1,048 SF commercial suite with an open layout
- Includes a half bathroom and a storage room
- Public parking lot in front of the space
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 | $56.8k | $54.24 |
| − Vacancy | −$12.5k | −$11.93 |
| EGI | $44.3k | $42.31 |
| − OpEx | −$11.1k | −$10.58 |
| NOI | $33.3k | $31.73 |
1,048 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$475.0K
$415.7K – $554.2K
NOI $33,253 @ 7.0% cap · market cap 6.65%
Second Best
Retail
$215.2K
$188.3K – $251.1K
NOI $15,063 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$620.4K
$542.9K – $723.8K
NOI $43,429 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Stop & Shop Florist — 99 Charles St, Malden, MA 02148
- Stephanie's Floral Design — 101 Glen Rock Ave, Malden, MA 02148
- Sunny Florists — 7 pleasant st, malden, ma 02148
FAQs
What type of property is this?
Storefront property - Renovated commercial suite with an open layout, half bath, and storage room, plus public parking in front.
Where is this storefront property located?
The property is located at 1 Glenwood St #6 Malden, MA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Renovated 1,048 SF commercial suite with an open layout; Includes a half bathroom and a storage room; Public parking lot in front of the space
