For-Sale Office
For Sale
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38 Montvale Avenue # 280, Stoneham, MA 02180
For sale office suite at 38 Montvale Avenue, offering 2,349 square feet of office space.
Property Size2,349 SF
Price / SF$0.01
Days on Market244
Property Features for 38 Montvale Avenue # 280
General Information
Standard status
Active
Size
2,349 SF
Property subtype
Commercial
Zoning
O
Building Details
Building Size
2,349 SF
Year Built
1994
Listing Agency:
Wronka, Ltd. Commercial Real Estate Advisors
(781) 229-2233
Listed By:
Ernest C. Wronka · License #104146
Source:
Churchillprop
Added: Feb 19
Changed: Oct 13
Last Checked: Oct 20 at 6:33PM
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 Wronka, Ltd. Commercial Real Estate Advisors
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Investment Insights
Based on property information with market context.
This for-sale office suite is located at 38 Montvale Avenue # 280 in Stoneham, Massachusetts. The offering includes 2,349 square feet of office space, suited for businesses looking for a defined work area within an established commercial setting.
The property is presented for sale as part of the broader office building/office space inventory, with the suite identified by unit number on the subject address. Please contact us for additional details regarding layout, finishes, or building amenities associated with the suite.
The property is presented for sale as part of the broader office building/office space inventory, with the suite identified by unit number on the subject address. Please contact us for additional details regarding layout, finishes, or building amenities associated with the suite.
Key Highlights
- Office suite for sale at 38 Montvale Avenue
- 2,349 sq ft office space
- Building year built: 1994
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,535
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,490,700
$1.5M
Cap Rate 7%
$1,064,786
$1.1M
Cap Rate 9%
$828,167
$828.2K
Market Conditions
NOI Build-Up for 2,349 SF
Gross rent
$127.4K $54.24/SF
− Vacancy
−$28.0K −$11.93/SF
EGI
$99.4K $42.31/SF
− OpEx
−$24.8K −$10.58/SF
NOI
$74.5K $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%
$1,490,700
Cap Rate 7%
$1,064,786
Cap Rate 9%
$828,167
Alternative Uses
Best Use
Office B
$1.06M
$931.7K – $1.24M
NOI $74,535 @ 7.0% cap · market cap 496,900.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,342 @ 7.0% cap · market cap 648,946.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,451
Businesses Nearby
Explore this area
Business Placement
Demographics for 02180, MA
23,244
Population
9,832
Households
2.4
Avg Household Size
44
Median Age
54%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,874
Density / Sq Mi
$112,635
Median Household Income
$71,709
Median Earnings
$1,878
Median Rent
$629,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - For sale office suite at 38 Montvale Avenue, offering 2,349 square feet of office space.
Where is this office building located?
The property is located at 38 Montvale Avenue # 280 Stoneham, MA.
What are key features of this property?
This property features: Office suite for sale at 38 Montvale Avenue; 2,349 sq ft office space; Building year built: 1994
