Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    West Medford Mixed-Use Opportunity Title is generated by Realmo AI

    438-440 High St, Medford, MA 02155

    View on Map
    Claim this Listing
    For Sale
    $1,750,000

    Mixed-use commercial building in West Medford with development potential.

    Type:Commercial
    Property size:
    4,977 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $351/SF
    Added:
    Mar 29, 2025
    Days on Market:
    433
    Last Refresh:
    Apr 5 at 8:29 pm

    Property Features for 438-440 High St

    General Information

    Standard status
    Active
    Size
    4,977 SF
    Lot size
    0.14 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1945

    We can help!

    Listing Contact
    Jamie Thompson

    Listing agent Jamie Thompson

    Listing office Thompson Realty

    Listing date Mar 29, 2025

    Source Corcoran

    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 Thompson Realty

    HighLights

    • Prime location with convenient access to Rt16, Rt 2, and I‑93, and close proximity to Boston.
    • High‑traffic location with MBTA bus stop across the street and Commuter Rail access (11 minutes to Boston).
    • Large 6,000+ sqft lot with a 4,977 sqft commercial building and full basement.
    • Located steps away from local shops and restaurants in West Medford Square.
    • Zoned C1 with mixed‑use potential under Medford’s ongoing rezoning plans.
    • Existing tenants (liquor store and hair salon) provide immediate income.

    Overview

    This is a rare development or hold opportunity in West Medford, offering convenient access to Route 16, Route 2, and I-93. An MBTA bus stop is located across the street, and the Commuter Rail in West Medford Square provides an 11-minute ride to Boston. Medford Square is less than 1 mile away. The property is steps away from local shops, including Snappy Patty’s, Bistro 5, Paul Revere Restaurant, Simple Fare, C.B Scoops, The Magnificent Muffin, Medford Brewing, Dunkin Donuts, and Walgreens, and a short trip to Whole Foods and Starbucks on Mystic Valley Parkway. It is also minutes from Somerville, Cambridge, and Arlington. The property features a 4977 square foot commercial building with a full basement on a lot of just over 6000 square feet. It is close to the Orange, Green, and Red lines. Current tenants include a liquor store and hair salon, both on month-to-month gross terms. Currently zoned C1, the property is part of Medford’s ongoing rezoning plans. This unique offering presents numerous possibilities, including mixed-use potential.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1312
    Latitude
    42.4209

    Nearby Similar for Sale

    • $1,200,000
      2,068 SF

      Medford Two-Family Home with Parking

      Spacious two-family home near amenities with parking for 10 cars.
      204 Harvard, Medford, MA 02155
      View Details
    • $694,000
      3,000 SF

      Spacious Office Condo in Medford

      Expansive professional office condo in a high-visibility Medford location.
      92 High Street #T31, Medford, MA 02155
      View Details
    • $949,000
      2,210 SF

      Medford Two-Family Home For Sale

      Well-maintained two-family in prime location, ideal for owner-occupants or investors.
      141 Fourth St, Medford, MA 02155
      View Details
    • $749,900
      3,357 SF

      Spacious Medford Square Office Condo

      Versatile 3,357 sq ft office condo in Medford Square.
      92 High Street #T31, Medford, MA 02155
      View Details
    • $999,000
      4,100 SF

      Commercial Building with Retail Space

      Well-maintained commercial building with street-level retail and finished lower level.
      365 Salem St, Medford, MA 02155
      View Details
    • $598,800
      2,940 SF

      Medford Commercial Condo For Sale

      Two-level commercial condo in high-traffic Medford location.
      92 High Street #24&26, Medford, MA 02155
      View Details
    • $1,495,000
      2,600 SF

      Medford Industrial Warehouse Restaurant/Bar

      Industrial warehouse converted to restaurant/bar with broad commercial uses.
      29 Linden Street, Medford, MA 02155
      View Details
    • $999,000
      4,100 SF

      Well-Maintained Commercial Building For Sale

      Turnkey commercial building with street-level retail and finished lower level.
      365 Salem St, Medford, MA, MA 02155
      View Details
    • $69,900

      Established Boba Tea Business

      Profitable Four Seasons Boba Tea business in Medford for sale.
      34 Riverside Ave, Medford, MA 02155
      View Details
    • Contact for pricing
      5,137 SF

      Medford Retail/Flex Space Opportunity

      5,137 SF retail/flex space in the Boston MSA area.
      163 Mystic Avenue, Medford, MA 01810
      View Details
    • $1,500,000
      3,183 SF

      Medford Triplex Near Wellington Station

      Spacious three-family home in a desirable, convenient Medford location.
      21-23 Seventh St, Medford, MA 02155
      View Details
    • $1,750,000

      West Medford Commercial Building For Sale

      Commercial building in West Medford with development potential.
      438-440 High St, Medford, MA 02155
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use commercial building in West Medford with development potential.
    Where is this mixed-use property located?
    The property is located at 438-440 High St Medford, MA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Prime location with convenient access to Rt16, Rt 2, and I‑93, and close proximity to Boston.; High‑traffic location with MBTA bus stop across the street and Commuter Rail access (11 minutes to Boston).; Large 6,000+ sqft lot with a 4,977 sqft commercial building and full basement.
    (781) 395-1616
    We can help!
    Listing Contact
    Jamie Thompson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    438-440 High St, Medford, MA 02155
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!