Commercial
11 Commercial St #11, Medford, MA 02155
For Sale
$2,295,000
A sizable Medford parcel offers flexibility for commercial or industrial use, subject to zoning and approvals.
Property Size6,050 SF
Price / SF$379.34
Days on Market48
Property Features for 11 Commercial St #11
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Property Advisors
(617) 203-2005
Listed By:
Michele Lawlor
(781) 953-6324
Source:
Bostoniaproperties
Added: Sep 24
Changed: Nov 5
Last Checked: Nov 9 at 3:58AM
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
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Investment Insights
Based on property information with market context.
This Medford commercial land offering encompasses approximately 22,148 square feet. The site is being sold in its current condition, with any future use or development subject to applicable zoning and approvals.
Potential applications identified for the property include commercial, industrial, warehouse, distribution, or other business uses. The parcel is described as near major roadways and Boston.
Potential applications identified for the property include commercial, industrial, warehouse, distribution, or other business uses. The parcel is described as near major roadways and Boston.
Key Highlights
- Approximately 22,148 SF of land in Medford
- Potential commercial, industrial, warehouse, distribution, or business use, subject to zoning and approvals
- Near major roadways and Boston
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,969
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,839,380
$3.8M
Cap Rate 7%
$2,742,414
$2.7M
Cap Rate 9%
$2,132,989
$2.1M
Market Conditions
NOI Build-Up for 6,050 SF
Gross rent
$328.2K $54.24/SF
− Vacancy
−$72.2K −$11.93/SF
EGI
$256.0K $42.31/SF
− OpEx
−$64.0K −$10.58/SF
NOI
$192.0K $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 Rate 5%
$3,839,380
Cap Rate 7%
$2,742,414
Cap Rate 9%
$2,132,989
Alternative Uses
Best Use
Office B
$2.74M
$2.40M – $3.20M
NOI $191,969 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.58M
$3.13M – $4.18M
NOI $250,710 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Commercial land in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - A sizable Medford parcel offers flexibility for commercial or industrial use, subject to zoning and approvals.
Where is this commercial land located?
The property is located at 11 Commercial St #11 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: Approximately 22,148 SF of land in Medford; Potential commercial, industrial, warehouse, distribution, or business use, subject to zoning and approvals; Near major roadways and Boston
