Renovated Commercial Space Near
1 Glenwood St 6 Malden, MA 02148
For Sale
$525,000
1,048 SF renovated commercial space across from Oak Grove T-station.
Property Size1,048 SF
Price / SF$500.95
Days on Market92
Property Features for 1 Glenwood St 6
General Information
- Standard status
- Active
- Size
- 1,048 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency:
Keller Williams Realty
(617) 593-2887
Listed By:
Christine Do · License #449518378
(617) 593-2887
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 11:48AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1,048 square foot commercial space is situated across from the Oak Grove T-station, offering potential foot traffic. A public parking lot is located in front of the property. The space was recently renovated and includes a half bathroom and a storage room. The open layout provides opportunities for various business ideas, such as an office, retail sales, or services. The upper levels of the building consist of newly renovated condo units. The location has a walk score of 88, indicating it is very walkable, a transit score of 69, indicating good transit options, and a bike score of 57, indicating it is bikeable.
Key Highlights
- Prime location directly across from Oak Grove T‑station, ensuring high foot traffic.
- Recently renovated commercial space, ready for immediate occupancy.
- Versatile 1,048sf open space suitable for various business types.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.0k | $21.96 |
| − Vacancy | −$1.5k | −$1.43 |
| EGI | $21.5k | $20.53 |
| − OpEx | −$6.5k | −$6.16 |
| NOI | $15.1k | $14.37 |
1,048 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$215.2K
$188.3K – $251.1K
NOI $15,063 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$620.4K
$542.9K – $723.8K
NOI $43,429 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 1,048 SF renovated commercial space across from Oak Grove T-station.
Where is this retail space located?
The property is located at 1 Glenwood St 6 Malden, MA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Prime location directly across from Oak Grove T‑station, ensuring high foot traffic.; Recently renovated commercial space, ready for immediate occupancy.; Versatile 1,048sf open space suitable for various business types.
