Freestanding Flex
For Sale
$1,470,000
30 Thacher St, Malden, MA 02148
Commercial Sale, Malden, MA
Property Size1,990 SF
Lot Size0.14 Acres
Price / SF$738.69
Days on Market184
Property Features for 30 Thacher St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ResA
Zoning description
Legal Conforming
Directions
Off Highland Ave.
Standard status
Active
APN
M:038 B:206 L:607,593677
Size
1,990 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8306
Amenities
kitchen
Building Details
Year built
1935
Listing Agency:
REMAX Andrew Realty Services · RE/MAX International
(781) 395-7676
Listed By:
John Veneziano
(617) 840-5499
Added: Mar 4
Changed: Sep 3
Last Checked: Sep 4 at 3:06AM
MLS# 73482614
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding brick flex building contains approximately 1,990 square feet on an approximately 6,216-square-foot lot. Built in 1935, the property is currently configured for a contractor’s office, with a reception and work area, three offices, a substantial workroom, two restrooms, storage, and a full kitchen with refrigerator, stove, sink, and cabinetry. Oversized doors connect the workroom directly with the parking area, which accommodates up to 10 vehicles.
The property is 1.2 miles from Malden Center and 6 miles from downtown Boston. Access to I-93, MA-60, MA-28, and US-1 supports connections throughout the surrounding area. ResA zoning applies, with usage and redevelopment potential subject to buyer due diligence.
The property is 1.2 miles from Malden Center and 6 miles from downtown Boston. Access to I-93, MA-60, MA-28, and US-1 supports connections throughout the surrounding area. ResA zoning applies, with usage and redevelopment potential subject to buyer due diligence.
Key Highlights
- Approximately 1,990 SF freestanding brick flex building
- Approximately 6,216‑square‑foot lot with parking for up to 10 vehicles
- Three offices, reception/work area, workroom, two restrooms, and storage
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
$63,143
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
4.30%
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%
$1,262,860
$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
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
$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 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%
$1,262,860
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 4.30%
Second Best
Industrial
$302.4K
$264.6K – $352.8K
NOI $21,167 @ 7.0% cap · market cap 1.44%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,465 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,161
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Heritage Truck Catering Company — 342 Pearl St, Malden, MA 02148
- Vaz & Mac Tex-Mex — 342 Pearl St, Malden, MA 02148
- Great Eats by Mike — 342 pearl st, malden, ma 02148
- Ana's Gourmet Catering — 191 Spring St, Medford, MA 02155
- Anthony's Spadafora Caterers — 105 Canal St, Malden, MA 02148
Frequently Asked Questions
What type of property is this?
Flex space - Brick commercial building with offices, workroom, kitchen, storage, and direct loading access to the parking area.
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 $1,470,000.
What are key features of this property?
This property features: Approximately 1,990 SF freestanding brick flex building; Approximately 6,216‑square‑foot lot with parking for up to 10 vehicles; Three offices, reception/work area, workroom, two restrooms, and storage
