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    1 Melvin St Wakefield, MA 01880

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    For Lease
    $18 SF/Yr ($4,257 /Mo)

    Industrial unit with loading dock, newly renovated in 2025.

    Property size:
    2,838 SF
    Lot size:
    2.04 Acres

    Property Features for 1 Melvin St

    General Information

    Size
    2,838 SF
    Lot size
    2.04 Acres

    Source: Coldwell Banker Realty | Lynnfield Agent Martha Poti

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wakefield Industrial Unit For Rent

    This industrial unit, located near Wakefield Center, offers 2,838 square feet of flex space. The property features two levels and a loading dock. The unit includes a reception area with a large reception deck and counter. The property is scheduled to be newly renovated in 2025.
    Insight Report Location Intelligence

    Current Use by Public Records

    1 Melvin Street Flooring Contractor Precision Auto Works Auto Body Shop GEM Plumbing and Heating Plumber R.C. Enterprise Inc. General Contractor The Law Office of Franceska ... Divorce Lawyer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Harvest Catering Inc, Maya Catering

    Location Insight

    • Map
    • Local Demand
    City
    Wakefield
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0636969
    Latitude
    42.5046036

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    FAQs

    What type of property is this?
    Flex space - Industrial unit with loading dock, newly renovated in 2025.
    Where is this flex space located?
    The property is located at 1 Melvin St Wakefield, MA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Excellent location near Wakefield Center; - Rare industrial unit with 2 levels; - Loading dock included
    (781) 718-4660
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    1 Melvin St Wakefield, MA 01880
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Melvin St Wakefield, MA 01880
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