Listing Agency: Corcoran Property Advisors Show Phone

Listed By: Michele Lawlor Show Phone

Source: Exprealty

Added: Aug 21 Changed: Oct 1 Last Checked: Oct 12 at 11:36PM

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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 Corcoran Property Advisors

Investment Insights

Based on property information with market context.

This Medford flex property includes an existing 6,050-square-foot building on approximately 22,148 square feet of land. The site is being offered in its current condition and may support continued commercial or industrial use, subject to applicable zoning and approvals.

The property benefits from proximity to major roadways, Boston, and surrounding communities. Its configuration provides a combination of building area and land that may accommodate warehouse, distribution, business, or redevelopment concepts, subject to buyer due diligence regarding zoning, permitted uses, dimensions, building area, and development potential.

Key Highlights

• 6,050‑square‑foot existing building
• Approximately 22,148 square feet of land
• Flex space classification

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$78,143

Cap Rate

3.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,562,860 $1.6M

Cap Rate 7%

$1,116,329 $1.1M

Cap Rate 9%

$868,256 $868.3K

Market Conditions

NOI Build-Up for 6,050 SF

Gross rent

$97.3K $16.08/SF

− Vacancy

−$5.4K −$0.88/SF

EGI

$91.9K $15.20/SF

− OpEx

−$13.8K −$2.28/SF

NOI

$78.1K $12.92/SF

Area

Middlesex County, MA

Vacancy

5.50%

Lease Rate

$16.08 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,562,860

Cap Rate 7%

$1,116,329

Cap Rate 9%

$868,256

Alternative Uses

Best Use

Warehouse

$1.12M

$976.8K – $1.30M (±1% cap)

NOI $78,143 @ 7.0% cap · market cap 3.40%

Second Best

Industrial

$919.3K

$804.4K – $1.07M (±1% cap)

NOI $64,353 @ 7.0% cap · market cap 2.80%

Theoretical Best

Office A

$3.58M

$3.13M – $4.18M (±1% cap)

NOI $250,710 @ 7.0% cap · market cap 10.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Acupuncture Garden Center Pet Grooming Service Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,055

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 02155, MA

61,483

Population

25,893

Households

2.4

Avg Household Size

36

Median Age

58%

College-Educated

93%

High-School Grad

8.2 sq mi

ZIP Area

7,498

Density / Sq Mi

$118,403

Median Household Income

$60,825

Median Earnings

$2,483

Median Rent

$715,500

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial property combining an existing building with a substantial land component and access to major roadways.

Where is this flex space located?

The property is located at 11-11 Commercial St Medford, MA.

What is the asking price?

The asking price for this property is $2,295,000.

What are key features of this property?

This property features: 6,050‑square‑foot existing building; Approximately 22,148 square feet of land; Flex space classification