Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    358-360 Salem St Malden, MA 02148

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,999

    Freestanding retail building in Malden with high visibility.

    Lot size:
    0.03 Acres

    Property Features for 358-360 Salem St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.03 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Sean Clark
    Source: Elliman

    Listing Agent: Sean Clark

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

    Learn more

    Overview

    Malden Retail Opportunity For Sale

    Located in Malden, this freestanding one-story building at 358-360 Salem St offers a retail opportunity. Constructed in 1950, the property features approximately 1,188 sq ft of space on a 0.03-acre lot. The property is zoned NB (Neighborhood Business), which allows for a variety of commercial uses. The location benefits from excellent visibility on Salem Street and experiences strong foot and vehicle traffic. Convenient access to public transit and major roadways further enhances its appeal. A long-term tenant is currently in place, providing rental income. This property is attractive for investors seeking steady returns and for future owner-occupiers.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    Stop & Shop Florist, Stephanie's Floral Design, Sunny Florists

    Location Insight

    • Map
    • Local Demand
    City
    Malden
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0553146
    Latitude
    42.4312682

    Nearby Similar for Sale

    • New
      $1,350,000
      5,350 SF

      Renovated Multifamily on Corner Lot

      Recently renovated multifamily property with expansion potential in Malden.
      209 Summer St, Malden, MA 02148
      View Details
    • New
      $899,900
      2,208 SF

      Well-Maintained Multifamily Property in Malden

      Five-bedroom, two-bath multifamily property with recent improvements and ample parking.
      46 A Wentworth St, Malden, MA 02148
      View Details
    • New
      $550,000
      1,048 SF

      Renovated Commercial Space Near Station

      1,048 SF renovated commercial space across from Oak Grove T-station.
      1 Glenwood St, Malden, MA 02148
      View Details
    • Contact for pricing

      Malden Auto Service Property Available

      5,673 SF auto service property with flexible industrial zoning.
      314-320 Eastern Ave, Malden, MA 01248
      View Details
    • Contact for pricing

      Trophy Office and Mixed-Use Project

      188,000 SF mixed-use project with life science, office, and retail.
      11 Dartmouth St, Malden, MA 02148
      View Details
    • Contact for pricing
      3,514 SF

      Malden Commercial Property For Sale

      Commercial property in high-traffic area, ideal for auto-related businesses.
      62-64 Eastern Ave, Malden, MA 02148
      View Details
    • $175,000

      Malden Mini Mart For Sale

      Turnkey convenience store in a busy Malden neighborhood.
      000 Salem St, Malden, MA 02148
      View Details
    • Contact for pricing

      High-End Beauty Spa For Sale

      Fully renovated beauty spa in Malden's commercial district.
      1 Pleasant St, Malden, MA 02148
      View Details
    • Contact for pricing
      23,900 SF

      Iconic Malden Square Building For Sale

      24,000 SF freestanding building in downtown Malden.
      399 Main St, Malden, MA 02148
      View Details
    • Contact for pricing

      Malden Convenience Store with Restaurant

      Turnkey convenience store with fully equipped restaurant in Malden, MA.
      223 Highland Ave, Malden, MA 02148
      View Details
    • $1,599,900
      7,000 SF

      Maplewood Square Investment Opportunity

      Four-unit commercial building and two-family home in prime location.
      697-705 Salem St, Malden, MA 02148
      View Details
    • Contact for pricing
      8,400 SF

      Malden Retail Building For Sale

      Retail building near downtown Malden and MBTA T Stop.
      77 Commercial St, Malden, MA 02148
      View Details

    FAQs

    What type of property is this?
    Storefront property - Freestanding retail building in Malden with high visibility.
    Where is this storefront property located?
    The property is located at 358-360 Salem St Malden, MA.
    What is the asking price?
    The asking price for this property is $699,999.
    What are key features of this property?
    This property features: - Prime retail location on Salem Street with high visibility and strong foot/vehicle traffic; - Zoned NB (Neighborhood Business) allowing for a variety of commercial uses; - Reliable rental income from a long-term tenant already in place
    (978) 764-9288
    Request Owner's contact information
    358-360 Salem St Malden, MA 02148
    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.
    358-360 Salem St
    Malden, MA 02148
    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
    358-360 Salem St Malden, MA 02148
    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

    We can help!
    Listing Contact
    Sean Clark
    (978) 764-9288 (978) 475-5100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!