Medford Industrial Warehouse
For Sale
$1,495,000
Pending
29 Linden Street, Medford, MA 02155
Industrial warehouse converted to restaurant/bar with broad commercial uses.
Property Size2,600 SF
Days on Market92
Property Features for 29 Linden Street
General Information
Standard status
Pending
Size
2,600 SF
Zoning
I
Taxes and HOA fees
Annual Taxes
$13,907
Building Details
Building Size
2,600 SF
Year Built
2018
Listing Agency:
Coldwell Banker Realty - Brookline
(850) 554-3142
Listed By:
The Residential Group · License #BK3153120
Source:
413realestate
Added: May 27
Changed: Aug 23
Last Checked: Aug 26 at 5:49AM
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 Coldwell Banker Realty - Brookline
Investment Insights
Based on property information with market context.
This property presents an opportunity to purchase an industrial warehouse that was converted into a social club bar and restaurant seven years ago. Situated in a convenient area of Medford, the location offers proximity to businesses, I-93, shopping centers, residential developments, the Mystic River, and the Wellington T Station. The property features a full kitchen and dining room with a liquor license. Previously used by a construction company, the parcel's industrial zoning permits a range of commercial applications. Renovations over the past seven years have exceeded $500,000 and include ADA-compliant bathrooms, a full commercial kitchen with a deep freezer, and a new heating system. The flat, rectangular parcel provides parking space for multiple vehicles. Industrial neighbors are located to the left and right of the property, with a four-story apartment building situated behind it. The property is located on a dead-end street that abuts Wellington Plaza. The property size is 2600 square feet.
Key Highlights
- Industrial zoning allows for broad commercial uses.
- Located in a convenient location close to I‑93, shopping, residential developments, the Mystic River, and the Wellington T Station.
- Renovations in the past 7 years exceed $500K, including ADA‑compliant bathrooms, a full commercial kitchen w/deep freezer, and a new heating system.
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
$48,701
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
3.26%
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%
$974,020
$974.0K
Cap Rate 7%
$695,729
$695.7K
Cap Rate 9%
$541,122
$541.1K
Market Conditions
NOI Build-Up for 2,600 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
$70.2K $27.00/SF
− Vacancy
−$5.3K −$2.03/SF
EGI
$64.9K $24.98/SF
− OpEx
−$16.2K −$6.24/SF
NOI
$48.7K $18.73/SF
Area
Middlesex County, MA
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
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%
$974,020
Cap Rate 7%
$695,729
Cap Rate 9%
$541,122
Alternative Uses
Best Use
Specialty Retail
$695.7K
$608.8K – $811.7K
NOI $48,701 @ 7.0% cap · market cap 3.26%
Second Best
Warehouse
$479.7K
$419.8K – $559.7K
NOI $33,582 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,743 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
982
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- AC Lounge at AC Hotel Boston North — 95 Station Landing, Medford, MA 02155
- LongCross Bar and Kitchen — 501 Fellsway, Medford, MA 02155
- Wegmans Wine, Liquor & Beer — 3850 Mystic Valley Pkwy, Medford, MA 02155
- MedfordMaldenElks — 19 Washington St, Medford, MA 02155
Frequently Asked Questions
What type of property is this?
Bar & Pub - Industrial warehouse converted to restaurant/bar with broad commercial uses.
Where is this bar & pub located?
The property is located at 29 Linden Street Medford, MA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Industrial zoning allows for broad commercial uses.; Located in a convenient location close to I‑93, shopping, residential developments, the Mystic River, and the Wellington T Station.; Renovations in the past 7 years exceed $500K, including ADA‑compliant bathrooms, a full commercial kitchen w/deep freezer, and a new heating system.
