Second-Floor Office and Fitness
For Sale
Contact for pricing
11 Marlboro Street Unit 2, Malden, MA 02148
2nd-floor suite of approximately 3,250 SF with separate heat and electric, plus parking for five cars.
Property Size3,250 SF
Price / SF$1.54
Days on Market116
Property Features for 11 Marlboro Street Unit 2
General Information
Standard status
Active
Size
3,250 SF
Total Parking Spaces
5
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
Atlantic Realty Services
Listed By:
Maria DiPierro · License #9511886
(617) 543-3607
Source:
Lockandkeyre
Added: Jul 8
Changed: Oct 31
Last Checked: Oct 30 at 3:45PM
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 Atlantic Realty Services
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Investment Insights
Based on property information with market context.
Located at 11 Marlboro Street Unit 2 in Malden, this 3,250-square-foot, second-floor space is set up to support a range of uses, including office space, a gym/personal training setup, or a church. Heat and electric are separate, and the tenant is responsible for half of the triple net expenses.
The suite includes parking for five cars, providing convenient access for staff and visitors.
The space is well-suited for organizations seeking a private upper-level location with controlled utilities and on-site parking included.
The suite includes parking for five cars, providing convenient access for staff and visitors.
The space is well-suited for organizations seeking a private upper-level location with controlled utilities and on-site parking included.
Key Highlights
- Approximately 3,250 SF 2nd‑floor suite
- Separate heat and electric utilities
- Suitable for office space, gym, personal trainer, or church use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,124
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,062,480
$2.1M
Cap Rate 7%
$1,473,200
$1.5M
Cap Rate 9%
$1,145,822
$1.1M
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$176.3K $54.24/SF
− Vacancy
−$38.8K −$11.93/SF
EGI
$137.5K $42.31/SF
− OpEx
−$34.4K −$10.58/SF
NOI
$103.1K $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%
$2,062,480
Cap Rate 7%
$1,473,200
Cap Rate 9%
$1,145,822
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $103,124 @ 7.0% cap · market cap 2,062.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,679 @ 7.0% cap · market cap 2,693.58%
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
909
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - 2nd-floor suite of approximately 3,250 SF with separate heat and electric, plus parking for five cars.
Where is this office unit located?
The property is located at 11 Marlboro Street Unit 2 Malden, MA.
What are key features of this property?
This property features: Approximately 3,250 SF 2nd‑floor suite; Separate heat and electric utilities; Suitable for office space, gym, personal trainer, or church use
