Auto Repair and Autobody
For Sale
$1,259,000
62-64 Eastern Ave Malden, Malden, MA 02148
Auto-focused commercial building with finished space for repairs and autobody on a substantial lot.
Property Size3,514 SF
Price / SF$358.28
Days on Market87
Property Features for 62-64 Eastern Ave Malden
General Information
Standard status
Active
Size
3,514 SF
Zoning
BH
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,061
Building Details
Building Size
3,514 SF
Year Built
1910
Listing Agency:
Lynnway Associates
(508) 501-1443
Listed By:
Stephen Rose
(508) 501-1443
Source:
Milestonerealtyinc
Added: Jun 3
Changed: Aug 27
Last Checked: Aug 28 at 8:01AM
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 Lynnway Associates
Investment Insights
Based on property information with market context.
This for-sale commercial property is currently utilized for auto-related repairs and autobody services. The building includes 3,514 square feet of finished space, positioned on a 4,648 square foot lot, supporting an automotive operations layout under existing use.
The property is located in a high-traffic area of Malden with convenient access to public transportation. The remarks also note proximity to the Malden T Station and major highway routes, which can help support customer access and daily operations.
For buyers seeking an automotive-oriented facility, the property’s current configuration and auto-repair/autobody use may align well with businesses that require dedicated service space. The size of the finished building area and the on-site lot provide a practical foundation for an operator looking to continue auto services with fewer operational unknowns than a fully reimagined conversion would require.
The property is located in a high-traffic area of Malden with convenient access to public transportation. The remarks also note proximity to the Malden T Station and major highway routes, which can help support customer access and daily operations.
For buyers seeking an automotive-oriented facility, the property’s current configuration and auto-repair/autobody use may align well with businesses that require dedicated service space. The size of the finished building area and the on-site lot provide a practical foundation for an operator looking to continue auto services with fewer operational unknowns than a fully reimagined conversion would require.
Key Highlights
- Auto‑focused commercial building built in 1910
- 3,514 sq ft of finished space designed for auto‑related repairs and autobody services
- 4,648 sq ft lot size with existing auto repair and autobody use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,506
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,010,120
$1.0M
Cap Rate 7%
$721,514
$721.5K
Cap Rate 9%
$561,178
$561.2K
Market Conditions
NOI Build-Up for 3,514 SF
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.
Gross rent
$77.2K $21.96/SF
− Vacancy
−$5.0K −$1.43/SF
EGI
$72.2K $20.53/SF
− OpEx
−$21.6K −$6.16/SF
NOI
$50.5K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,010,120
Cap Rate 7%
$721,514
Cap Rate 9%
$561,178
Alternative Uses
Best Use
Retail
$721.5K
$631.3K – $841.8K
NOI $50,506 @ 7.0% cap · market cap 4.01%
Second Best
Industrial
$534.0K
$467.2K – $623.0K
NOI $37,378 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,619 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,421
Businesses Nearby
141k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Shops & Services 28%
Dining 13%
Electronics 8%
Stop & Shop
Groceries
71,257 visits/mo
0.3 miles
Dunkin' Donuts
Dining
16,186 visits/mo
0.1 miles
Bank of America
Shops & Services
13,760 visits/mo
0.3 miles
7-Eleven
Shops & Services
8,925 visits/mo
0.5 miles
Mobil
Shops & Services
8,192 visits/mo
0.4 miles
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 Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
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- J.D.R towing Service — 28 Thacher St, Malden, MA 02148
Frequently Asked Questions
What type of property is this?
Auto shop - Auto-focused commercial building with finished space for repairs and autobody on a substantial lot.
Where is this auto shop located?
The property is located at 62-64 Eastern Ave Malden Malden, MA.
What is the asking price?
The asking price for this property is $1,259,000.
What are key features of this property?
This property features: Auto‑focused commercial building built in 1910; 3,514 sq ft of finished space designed for auto‑related repairs and autobody services; 4,648 sq ft lot size with existing auto repair and autobody use
