Flex Space with Office and
For Sale
$3,500,000
175 Mystic Ave, Medford, MA 02155
Two concrete block buildings provide adaptable commercial space with office and garage areas.
Property Size5,847 SF
Lot Size0.46 Acres
Price / SF$598.60
Days on Market53
Property Features for 175 Mystic Ave
General Information
Standard status
Active
Size
5,847 SF
Lot size
0.46 Acres
Property subtype
Commercial
Zoning
MX-2
Site & Location
Road Frontage
190 ft
Road Access
Yes
Additional Details
Clear Height
14 ft
Taxes and HOA fees
Annual Taxes
$26,596
Building Details
Year Built
1928
Buildings
2
Construction
Concrete block
Listing Agency:
Barnard Real Estate Advisors, LLC
(413) 333-7776
Listed By:
Christopher L. Barnard · License #9514727
(781) 350-5666
Source:
Ma-cthomes
Added: Aug 14
Changed: Oct 5
Last Checked: Oct 4 at 6:12AM
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 Barnard Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
This flex space property includes two concrete block buildings containing office and garage areas. Clear heights range from 10 to 14 feet, supporting varied commercial, industrial, and flex configurations. The buildings were constructed in 1928 and are occupied by tenants operating under Tenant-at-Will agreements.
The site is positioned along Mystic Avenue in Medford’s Mystic Avenue Corridor, with approximately 190 feet of street frontage. It is located within the MX-2 subdistrict, where the source information identifies multifamily and mixed-use development as permitted by right. The property combines existing improvements, current occupancy, and a zoning framework that supports multiple commercial and redevelopment directions.
The site is positioned along Mystic Avenue in Medford’s Mystic Avenue Corridor, with approximately 190 feet of street frontage. It is located within the MX-2 subdistrict, where the source information identifies multifamily and mixed-use development as permitted by right. The property combines existing improvements, current occupancy, and a zoning framework that supports multiple commercial and redevelopment directions.
Key Highlights
- Two concrete block buildings with office and garage space
- Clear heights ranging from 10' to 14'
- Approximately 190 feet of street frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,528
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,710,560
$3.7M
Cap Rate 7%
$2,650,400
$2.7M
Cap Rate 9%
$2,061,422
$2.1M
Market Conditions
NOI Build-Up for 5,847 SF
Gross rent
$317.1K $54.24/SF
− Vacancy
−$69.8K −$11.93/SF
EGI
$247.4K $42.31/SF
− OpEx
−$61.8K −$10.58/SF
NOI
$185.5K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,710,560
Cap Rate 7%
$2,650,400
Cap Rate 9%
$2,061,422
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.09M
NOI $185,528 @ 7.0% cap · market cap 5.30%
Second Best
Industrial
$888.5K
$777.4K – $1.04M
NOI $62,194 @ 7.0% cap · market cap 1.78%
Theoretical Best
Office A
$3.46M
$3.03M – $4.04M
NOI $242,298 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02155, MA
61,483
Population
25,893
Households
2.4
Avg Household Size
36
Median Age
58%
College-Educated
93%
High-School Grad
8.2 sq mi
ZIP Area
7,498
Density / Sq Mi
$118,403
Median Household Income
$60,825
Median Earnings
$2,483
Median Rent
$715,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Two concrete block buildings provide adaptable commercial space with office and garage areas.
Where is this flex space located?
The property is located at 175 Mystic Ave Medford, MA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Two concrete block buildings with office and garage space; Clear heights ranging from 10' to 14'; Approximately 190 feet of street frontage
