Freestanding Brick Flex
New
For Sale
$1,390,000
30 Thacher St, Malden, MA 02148
A contractor’s office layout combines private offices, a reception area, and a workroom with direct parking-lot access.
Property Size1,990 SF
Lot Size0.14 Acres
Price / SF$698.49
Days on Market7
Property Features for 30 Thacher St
General Information
Standard status
Active
Size
1,990 SF
Total Parking Spaces
10
Lot size
0.14 Acres
Property subtype
Commercial
Zoning
ResA, Legal Conforming
Additional Details
Highway Access
Yes
Currently Operating
Yes
Property Use
Flex
Taxes and HOA fees
Annual Taxes
$8,306
Building Details
Building Size
1,990 SF
Year Built
1935
Buildings
1
Construction
brick
Listing Agency:
REMAX Andrew Realty Services
(781) 395-7676
Listed By:
John Veneziano
(617) 840-5499
Source:
Condonrealty
Added: Oct 19
Changed: Oct 24
Last Checked: Oct 23 at 4:13PM
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 REMAX Andrew Realty Services
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Investment Insights
Based on property information with market context.
This freestanding brick flex property contains 1,990 square feet on a 6,216-square-foot lot. Built in 1935, it is currently configured as a contractor’s office, with a reception and work area, three offices, and a workroom with oversized doors opening toward the parking area. Two restrooms, storage, and a kitchen with a refrigerator, stove, sink, and cabinetry complete the interior. On-site parking accommodates up to 10 vehicles.
The property is 1.2 miles from Malden Center and 6 miles from downtown Boston, with access to I-93, MA-60, MA-28, and US-1. Zoning is ResA, Legal Conforming; buyers should verify usage and redevelopment matters independently.
The property is 1.2 miles from Malden Center and 6 miles from downtown Boston, with access to I-93, MA-60, MA-28, and US-1. Zoning is ResA, Legal Conforming; buyers should verify usage and redevelopment matters independently.
Key Highlights
- 1,990‑square‑foot freestanding brick building on a 6,216‑square‑foot lot
- On‑site parking for up to 10 vehicles
- Three offices, reception/work area, and workroom with oversized doors to the parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,143
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,860
$1.3M
Cap Rate 7%
$902,043
$902.0K
Cap Rate 9%
$701,589
$701.6K
Market Conditions
NOI Build-Up for 1,990 SF
Gross rent
$107.9K $54.24/SF
− Vacancy
−$23.7K −$11.93/SF
EGI
$84.2K $42.31/SF
− OpEx
−$21.0K −$10.58/SF
NOI
$63.1K $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%
$1,262,860
Cap Rate 7%
$902,043
Cap Rate 9%
$701,589
Alternative Uses
Best Use
Office B
$902.0K
$789.3K – $1.05M
NOI $63,143 @ 7.0% cap · market cap 4.54%
Second Best
Industrial
$302.4K
$264.6K – $352.8K
NOI $21,167 @ 7.0% cap · market cap 1.52%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,465 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,161
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - A contractor’s office layout combines private offices, a reception area, and a workroom with direct parking-lot access.
Where is this flex space located?
The property is located at 30 Thacher St Malden, MA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: 1,990‑square‑foot freestanding brick building on a 6,216‑square‑foot lot; On‑site parking for up to 10 vehicles; Three offices, reception/work area, and workroom with oversized doors to the parking area
