Retail Suite with Pylon
New
For Sale
Contact for pricing
442 Water Street Unit C2, Wakefield, MA 01880
Finished space has a new ADA-compliant restroom, accessible parking, and a storefront sign box for tenant customization.
Property Size700 SF
Price / SF$3.14
Days on Market5
Property Features for 442 Water Street Unit C2
General Information
Standard status
Active
Size
700 SF
Property subtype
Commercial
Amenities
ADA bathroom
ADA accessible parking
access ramp
double sided exterior pylon sign
illuminated sign box
night lighting
Building Details
Year Built
2025
Listing Agency:
Robert Klemm RE Broker
(617) 381-0030
Listed By:
Robert W. Klemm Jr.
(617) 605-3221
Source:
Lockandkeyre
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:37PM
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 Robert Klemm RE Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 700-square-foot retail suite offers a finished interior ready for tenant buildout and customization. The 2025 property includes a new ADA-compliant bathroom, a 2.5-ton HVAC system, and a 200-amp electrical panel. Electric service for the HVAC is paid by the tenant.
The storefront has an illuminated sign box, and the tenant also has a dedicated panel on a double-sided exterior pylon sign. The property provides parking, including ADA-accessible spaces and an access ramp. Taxes, water and sewer, and CAM are included.
The storefront has an illuminated sign box, and the tenant also has a dedicated panel on a double-sided exterior pylon sign. The property provides parking, including ADA-accessible spaces and an access ramp. Taxes, water and sewer, and CAM are included.
Key Highlights
- 700‑square‑foot retail suite
- 2025 construction
- Dedicated panel on a double‑sided exterior pylon sign
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,061
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,220
$201.2K
Cap Rate 7%
$143,729
$143.7K
Cap Rate 9%
$111,789
$111.8K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$15.4K $21.96/SF
− Vacancy
−$999 −$1.43/SF
EGI
$14.4K $20.53/SF
− OpEx
−$4.3K −$6.16/SF
NOI
$10.1K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,220
Cap Rate 7%
$143,729
Cap Rate 9%
$111,789
Alternative Uses
Best Use
Retail
$143.7K
$125.8K – $167.7K
NOI $10,061 @ 7.0% cap · market cap 457.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.4K
$362.6K – $483.5K
NOI $29,008 @ 7.0% cap · market cap 1,318.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 01880, MA
27,071
Population
11,513
Households
2.4
Avg Household Size
43
Median Age
57%
College-Educated
96%
High-School Grad
7.4 sq mi
ZIP Area
3,658
Density / Sq Mi
$130,419
Median Household Income
$78,860
Median Earnings
$1,872
Median Rent
$670,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Finished space has a new ADA-compliant restroom, accessible parking, and a storefront sign box for tenant customization.
Where is this retail space located?
The property is located at 442 Water Street Unit C2 Wakefield, MA.
What are key features of this property?
This property features: 700‑square‑foot retail suite; 2025 construction; Dedicated panel on a double‑sided exterior pylon sign
