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    Renovated Retail Office Suite

    1 Glenwood St #6 Malden, MA 02148

    Claim this Listing
    For Sale
    $500,000

    Renovated commercial suite with an open layout, half bath, and storage room, plus public parking in front.

    Property size:
    1,048 SF
    Price / SF:
    $477/SF
    Added:
    Mar 4, 2026
    Days on Market:
    129
    Last Refresh:
    Jul 10 at 3:28 am

    Property Features for 1 Glenwood St #6

    General Information

    Standard status
    Active
    Size
    1,048 SF

    Building Details

    Year Built
    1920

    Listing office Keller Williams Realty

    Listing date Mar 4, 2026

    Source Insightrealtygroup

    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.

    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 (±1% cap)
    NOI $33,253 @ 7.0% cap · market cap 6.65%
    Second Best
    Retail
    $215.2K
    $188.3K – $251.1K (±1% cap)
    NOI $15,063 @ 7.0% cap · market cap 3.01%
    Theoretical Best
    Office A
    $620.4K
    $542.9K – $723.8K (±1% cap)
    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

    Suggested Use

    Garden Center Hotel & Motel Furniture & Home Goods (Bike/Boat/Book/etc) Store HVAC Service (Bike/Boat/Book/etc) Store Home Appliance Store Restaurant Tanning Salon (Bike/Boat/Book/etc) Store

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

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    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
    Contact an agent
    We can help!
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    Christine Do
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