Building Details

Year Built 2026

Stories 2

Tenancy Multi

Listing Agency: United Properties, Inc. Show Phone

Listed By: David Klovee Show Phone

Source: Lockandkeyre

Added: Jul 28 Changed: Oct 31 Last Checked: Oct 30 at 4:18PM

Report an Issue

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 United Properties, Inc.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Newly built flex space offers 1,500 square feet of garage space plus an additional 500 square feet of second-floor office space. The property includes a restroom with shower, a 6-inch concrete slab, 14 foot-high garage bay doors, and heating/AC. Constructed in 2026, the space supports a combination of garage and office functions within one property.

Located at 1130 Eastern Ave Unit 1 in Malden, Massachusetts, the property places garage and office space under one roof. Tenants are responsible for sub-metered water/sewer, heat, and electricity.

Key Highlights

• 1,500 square feet of garage space
• Additional 500 square feet of second‑floor office space
• 14 foot‑high garage bay doors

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

What to ask about pricing

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

$369.0K

$322.9K – $430.6K (±1% cap)

NOI $25,833 @ 7.0% cap · market cap 543.85%

Second Best

Industrial

$303.9K

$265.9K – $354.6K (±1% cap)

NOI $21,274 @ 7.0% cap · market cap 447.87%

Theoretical Best

Office A

$1.18M

$1.04M – $1.38M (±1% cap)

NOI $82,879 @ 7.0% cap · market cap 1,744.82%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Organic Waste Management, ... Waste Management Facility

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Building Supply Big Box & Wholesale 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.

Lease Details

Multi-tenant

Tenancy

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

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

Similar For Sale Nearby

See more

Office, Showroom and Garage Flex

69 Newland, Malden, MA 02148

$1,999,998

2,000 SF

View details

Freestanding Brick Flex Space

30 Thacher St, Malden, MA 02148

$1,390,000

1,990 SF

View details

Second-Floor Office and Fitness Space

11 Marlboro Street Unit 2, Malden, MA 02148

Contact for pricing

3,250 SF

View details

Two-Unit Duplex with Outdoor Space

5-7 Granite Street, Malden, MA 02148

$850,000

2,004 SF

View details

Retail Space with Half Bath

539 Main Street, Malden, MA 02148

Contact for pricing

1,100 SF

View details

Church and Parish House

98 Waite St., Malden, MA 02148

$1,499,000

View details

Turnkey Duplex with In-Unit Laundry

65 Ashland St, Malden, MA 02148

$930,000

View details

Two-Family Home on Cul-de-Sac

30-32 Goldcliff Rd, Malden, MA 02148

$924,900

2,184 SF

View details

Renovated Two-Unit Duplex

73 West St, Malden, MA 02148

$849,000

2,200 SF

View details

Multi-Family

22 Stearns St, Malden, MA 02148

$819,900

1,789 SF

View details

Three-Story Multifamily Residence

59-61 Presley St, Malden, MA 02148

$879,000

2,238 SF

View details

Duplex with Two-Level Unit

292 Broadway, Malden, MA 02148

$849,900

2,390 SF

View details

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 - Newly built space combines garage access, office area, and a restroom with shower.

Where is this flex space located?

The property is located at 1130 Eastern Ave Unit 1 Malden, MA.

What are key features of this property?

This property features: 1,500 square feet of garage space; Additional 500 square feet of second‑floor office space; 14 foot‑high garage bay doors