7-Room Office
For Sale
$600,000
34 Central Avenue, Chelsea, MA 02150
Flexible layout supports medical, legal, therapy, and consulting practices.
Property Size1,992 SF
Days on Market51
Property Features for 34 Central Avenue
General Information
Standard status
Active
Size
1,992 SF
Property subtype
Commercial
Building Details
Building Size
1,992 SF
Year Built
1992
Listing Agency:
Steady Real Estate
Listed By:
Thomas Carr
(508) 789-0340
Source:
Iverty
Added: Aug 16
Changed: Oct 4
Last Checked: Oct 4 at 10:55AM
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 Steady Real Estate
Investment Insights
Based on property information with market context.
This office suite contains 7 rooms arranged for flexible professional use. The configuration supports medical, legal, therapy, and consulting practices, offering a permanent office setting for an owner-user.
Built in 1992, the property is located at 34 Central Avenue in Chelsea, Massachusetts. Its established office layout provides a defined setting for professional operations.
Built in 1992, the property is located at 34 Central Avenue in Chelsea, Massachusetts. Its established office layout provides a defined setting for professional operations.
Key Highlights
- 7‑room office suite with a flexible layout
- Suitable for medical, legal, therapy, or consulting practices
- Built in 1992 at 34 Central Avenue, Chelsea, MA 02150
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,536
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,720
$970.7K
Cap Rate 7%
$693,371
$693.4K
Cap Rate 9%
$539,289
$539.3K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$79.6K $39.96/SF
− Vacancy
−$14.9K −$7.47/SF
EGI
$64.7K $32.49/SF
− OpEx
−$16.2K −$8.12/SF
NOI
$48.5K $24.37/SF
Area
Suffolk County, MA
Vacancy
18.70%
Lease Rate
$39.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,720
Cap Rate 7%
$693,371
Cap Rate 9%
$539,289
Alternative Uses
Best Use
Healthcare Medical
$818.6K
$716.3K – $955.0K
NOI $57,301 @ 7.0% cap · market cap 9.55%
Second Best
Office B
$693.4K
$606.7K – $808.9K
NOI $48,536 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,548 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,895
Businesses Nearby
Explore this area
Business Placement
Demographics for 02150, MA
40,721
Population
14,162
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
69%
High-School Grad
2.2 sq mi
ZIP Area
18,510
Density / Sq Mi
$72,122
Median Household Income
$41,046
Median Earnings
$1,861
Median Rent
$476,500
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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Frequently Asked Questions
What type of property is this?
Office units - Flexible layout supports medical, legal, therapy, and consulting practices.
Where is this office units located?
The property is located at 34 Central Avenue Chelsea, MA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 7‑room office suite with a flexible layout; Suitable for medical, legal, therapy, or consulting practices; Built in 1992 at 34 Central Avenue, Chelsea, MA 02150
