Renovated Retail Office
For Sale
$500,000
1 Glenwood St #6, Malden, MA 02148
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 Market48
Property Features for 1 Glenwood St #6
General Information
Standard status
Active
Size
1,048 SF
Zoning
NB
Taxes and HOA fees
Annual Taxes
$2,817
Building Details
Building Size
1,048 SF
Year Built
1920
Listing Agency:
Keller Williams Realty
(617) 593-2887
Listed By:
Christine Do · License #449518378
Source:
413realestate
Added: Jul 9
Changed: Aug 24
Last Checked: Aug 25 at 4:55AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,253
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$665,060
$665.1K
Cap Rate 7%
$475,043
$475.0K
Cap Rate 9%
$369,478
$369.5K
Market Conditions
NOI Build-Up for 1,048 SF
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.
Gross rent
$56.8K $54.24/SF
− Vacancy
−$12.5K −$11.93/SF
EGI
$44.3K $42.31/SF
− OpEx
−$11.1K −$10.58/SF
NOI
$33.3K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$665,060
Cap Rate 7%
$475,043
Cap Rate 9%
$369,478
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02148, MA
66,274
Population
28,043
Households
2.4
Avg Household Size
36
Median Age
45%
College-Educated
87%
High-School Grad
5.0 sq mi
ZIP Area
13,255
Density / Sq Mi
$95,298
Median Household Income
$56,077
Median Earnings
$2,066
Median Rent
$607,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
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
