Flex Space with Mezzanine
1130 Eastern Ave, Malden, MA 02148
For Sale
Contact for pricing
The property combines garage area, upper-level workspace, high ceilings, and concrete floors.
Property Size2,000 SF
Price / SF$2.15
Days on Market55
Property Features for 1130 Eastern Ave
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Drive-In Doors
Building Details
Building Size
Year Built
Listing Agency:
Atlantic Realty Services
Listed By:
Maria DiPierro · License #9511886
(617) 543-3607
Source:
Churchillprop
Added: Sep 16
Changed: Nov 9
Last Checked: Nov 8 at 3:32AM
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.
This 2,000-square-foot flex property, built in 1920, is configured with 1,500 square feet of garage area and a 500-square-foot mezzanine office. The building features high ceilings, concrete flooring, and a garage door measuring 14 feet high by 11.9 in width. The property carries I1 zoning and is identified at 1130 Eastern Ave in Malden, Massachusetts.
The site is described as being off Broadway to Eastern Ave. Tenant responsibilities include heat, electric, and water, providing a clear allocation of operating utilities for the occupancy.
The site is described as being off Broadway to Eastern Ave. Tenant responsibilities include heat, electric, and water, providing a clear allocation of operating utilities for the occupancy.
Key Highlights
- 2,000‑square‑foot flex property with 1,500 square feet of garage space and 500‑square‑foot mezzanine office
- Garage door measures 14 feet high and 11.9 in width
- I1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,918
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,360
$198.4K
Cap Rate 7%
$141,686
$141.7K
Cap Rate 9%
$110,200
$110.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$16.3K $8.16/SF
− Vacancy
−$1.1K −$0.53/SF
EGI
$15.3K $7.63/SF
− OpEx
−$5.3K −$2.67/SF
NOI
$9.9K $4.96/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,360
Cap Rate 7%
$141,686
Cap Rate 9%
$110,200
Alternative Uses
Best Use
Warehouse
$372.9K
$326.3K – $435.1K
NOI $26,106 @ 7.0% cap · market cap 607.12%
Second Best
Industrial
$305.5K
$267.3K – $356.4K
NOI $21,386 @ 7.0% cap · market cap 497.35%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 1,927.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
880
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
$607,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Middlesex County, MA
Properties on Market for Flex space in Middlesex County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- dimyishere — 274 Shute St, Everett, MA 02149
- Henry's Catering Service of Malden — 562 Broadway, Malden, MA 02148
Frequently Asked Questions
What type of property is this?
Flex space - The property combines garage area, upper-level workspace, high ceilings, and concrete floors.
Where is this flex space located?
The property is located at 1130 Eastern Ave Malden, MA.
What are key features of this property?
This property features: 2,000‑square‑foot flex property with 1,500 square feet of garage space and 500‑square‑foot mezzanine office; Garage door measures 14 feet high and 11.9 in width; I1 zoning
