7-Room Office
New
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 Market5
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
(508) 789-0340
Listed By:
Thomas Carr · License #452508574
(508) 789-0340
Source:
Iverty
Added: Aug 16
Changed: Aug 19
Last Checked: Aug 20 at 4:05AM
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 = 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
$48,536
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
8.09%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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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
