Melrose Mixed-Use Investment
437-445 Franklin St. Melrose, MA 02176
For Sale
$799,900
4,448 SF building in Melrose Market with BA-2 zoning.
Property Size4,448 SF
Price / SF$179.83
Days on Market93
Property Features for 437-445 Franklin St.
General Information
- Standard status
- Active
- Size
- 4,448 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1914
Listing Agency:
GDP Real Estate Group, LLC
(978) 804-4450
Listed By:
Gianni De Palma
(978) 804-4450
Source:
Liongatere
Added: Apr 25
Changed: Jul 10
Last Checked: Apr 25 at 6:21AM
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 GDP Real Estate Group, LLC
Investment Insights
Based on property information with market context.
Located in Melrose, Massachusetts, this 4,448 square foot building presents an investment opportunity within the Melrose Market. The property is zoned BA-2, offering possibilities for retail, street retail, and mixed-use ventures. This transit-oriented site is located near the Melrose MBTA line.
Key Highlights
- Prime investment opportunity in the heart of Melrose, MA.
- 4,448 SF building in the thriving Melrose Market.
- Coveted BA‑2 zoning allows for Retail / Street Retail and mixed‑use development.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.7k | $21.96 |
| − Vacancy | −$6.3k | −$1.43 |
| EGI | $91.3k | $20.53 |
| − OpEx | −$27.4k | −$6.16 |
| NOI | $63.9k | $14.37 |
4,448 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$913.3K
$799.1K – $1.07M
NOI $63,930 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,324 @ 7.0% cap · market cap 23.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 4,448 SF building in Melrose Market with BA-2 zoning.
Where is this retail space located?
The property is located at 437-445 Franklin St. Melrose, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Prime investment opportunity in the heart of Melrose, MA.; **4,448 SF building** in the thriving Melrose Market.; **Coveted BA‑2 zoning** allows for Retail / Street Retail and mixed‑use development.
