Office Suite with Four Private
467-469 Main St #C, Melrose, MA 02176
For Sale
New
Contact for pricing
Downtown workspace includes a reception area, kitchenette, conference room, and shared restrooms just outside the suite.
Property Size1,700 SF
Price / SF$2.65
Days on Market5
Property Features for 467-469 Main St #C
General Information
Standard status
Size
Additional Details
Condition
Property Use
Building Details
Year Built
Listing Agency:
Pondfield Commercial Group
(781) 662-1700
Listed By:
Jason Madden
(781) 389-1090
Source:
Lockandkeyre
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 10 at 7:50AM
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 Pondfield Commercial Group
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Investment Insights
Based on property information with market context.
Suite C contains approximately 1,700 square feet, arranged with a reception and waiting area, kitchenette and break room, conference room, and four private offices. Two offices can accommodate two workstations each, with room for additional office furniture. Shared restrooms are immediately outside the suite, and Main Street signage is available.
The office is at 467-469 Main St in downtown Melrose, with access to municipal parking and downtown amenities. Built in 1950, the suite is offered on a gross lease; utilities are separately metered and paid by the tenant. Availability begins after January 1, 2027.
The office is at 467-469 Main St in downtown Melrose, with access to municipal parking and downtown amenities. Built in 1950, the suite is offered on a gross lease; utilities are separately metered and paid by the tenant. Availability begins after January 1, 2027.
Key Highlights
- Approximately 1,700 square feet in Suite C
- Four private offices, including two with room for two workstations each
- Reception and waiting area, kitchenette, break room, and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,942
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,840
$1.1M
Cap Rate 7%
$770,600
$770.6K
Cap Rate 9%
$599,356
$599.4K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$92.2K $54.24/SF
− Vacancy
−$20.3K −$11.93/SF
EGI
$71.9K $42.31/SF
− OpEx
−$18.0K −$10.58/SF
NOI
$53.9K $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%
$1,078,840
Cap Rate 7%
$770,600
Cap Rate 9%
$599,356
Alternative Uses
Best Use
Office B
$770.6K
$674.3K – $899.0K
NOI $53,942 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$880.6K – $1.17M
NOI $70,448 @ 7.0% cap
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
1,350
Businesses Nearby
Explore this area
Business Placement
Demographics for 02176, MA
29,817
Population
12,724
Households
2.3
Avg Household Size
41
Median Age
62%
College-Educated
95%
High-School Grad
4.7 sq mi
ZIP Area
6,344
Density / Sq Mi
$126,854
Median Household Income
$80,293
Median Earnings
$1,933
Median Rent
$796,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Middlesex County, MA
Properties on Market for Office Units in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Downtown workspace includes a reception area, kitchenette, conference room, and shared restrooms just outside the suite.
Where is this office unit located?
The property is located at 467-469 Main St #C Melrose, MA.
What are key features of this property?
This property features: Approximately 1,700 square feet in Suite C; Four private offices, including two with room for two workstations each; Reception and waiting area, kitchenette, break room, and conference room
