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

    153 Main St Medford, MA 2155

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,800 /Mo

    Well-kept 2800 SF office unit on Main Street.

    Property size:
    2,800 SF
    Added:
    Apr 22, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 22 at 12:20 pm

    Property Features for 153 Main St

    General Information

    Standard status
    Active
    Size
    2,800 SF

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Francis Santaniello

    Listing agent Francis Santaniello License #449540738

    Listing office Weichert REALTORSÂ Blueprint Brokers

    Listing date Apr 22, 2026

    Source Liongatere

    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 Weichert REALTORSÂ Blueprint Brokers

    Overview

    Medford Office Unit For Rent

    A well-maintained 2800 square foot office unit is available for rent on the first floor. The space, previously occupied by an insurance agency, offers significant visibility on Main Street and includes ample parking. This commercial real estate is located in Medford.
    Location Intelligence

    Current Use by Public Records

    Riverside Chiropractic Wellness ... Alternative Medicine Practice Dr. Reza Pourshadi Alternative Medicine Practice J.J. Ruddy Insurance ... Insurance Agency Energy Choice, Inc. (Bike/Boat/Book/etc) Store Meghan S. Dalton, ... Foster Care Service

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1109946
    Latitude
    42.4141991

    Nearby Similar for Lease

    • $2,200/Mo

      Medford Square Professional Office Condo

      Professional office condo in Medford Square with deeded parking.
      92 High Street #21, Medford, MA 02155
      View Details
    • $2,300/Mo

      Medford Commercial Space For Rent

      Commercial space suitable for office, retail, or other businesses.
      86 Spring, Medford, MA 02155
      View Details
    • $1,500/Mo

      Loft Office Space For Rent

      Loft office space in Medford Sq. with parking included.
      92 High St. #DH32, Medford, MA 02155
      View Details
    • $15 SF/Yr

      Former Convent and Dormitory Lease

      Versatile Medford commercial space, convenient location, ample parking.
      2520 Mystic Valley Parkway, Medford, MA 02155
      View Details
    • $8 SF/Yr

      Former Parish Center For Rent

      17,000 SF former Parish Center available for lease.
      401 Fellsway West, Medford, MA 02155
      View Details
    • $1,100/Mo

      Medford Square Office Space

      Spacious, sunny office space in Medford Square for rent.
      11 Salem Street #12, Medford, MA 02155
      View Details
    • Sponsored
      Contact for pricing

      MA, Medford - Rivers Edge Dr

      200 Rivers Edge Dr, Medford, MA 02155
      View Details
    • $15 SF/Yr

      Former Convent and Dormitory Space

      Versatile 20,000 SF building on Route 16 for lease.
      2520 Mystic Valley Parkway, Medford, MA 02155
      View Details
    • $2,300/Mo

      Medford Commercial Space For Rent

      Spacious storefront suitable for office, retail, or other businesses.
      86 Spring, Medford, MA 02155
      View Details
    • $1,500/Mo

      Loft Office in Medford Square

      Loft office space in professionally managed Medford Square building.
      92 High St. DH32, Medford, MA 02155
      View Details
    • Contact for pricing

      Downtown Medford Armory Office Space

      Premiere office space in historic Medford Armory building.
      92 High Street, Medford, MA 02155
      View Details
    • Contact for pricing

      Medford Flex Space For Lease

      High-visibility flex space with parking and convenient highway access.
      163 Mystic Avenue, Medford, MA 01810
      View Details

    FAQs

    What type of property is this?
    Office units - Well-kept 2800 SF office unit on Main Street.
    Where is this office units located?
    The property is located at 153 Main St Medford, MA.
    What is the lease rate?
    The lease rate is $4,800 /Mo.
    What are key features of this property?
    This property features: Large 2800SF leasable office space.; Well‑kept 1st floor unit.; Great Exposure on Main Street.
    (857) 204-7179
    We can help!
    Listing Contact
    Francis Santaniello
    Real Estate License ID: 449540738
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!