Downtown Medical Office
New
For Sale
Contact for pricing
50 Pleasant St, Malden, MA 02148
Two upper-level floors can be leased separately, divided into smaller suites, or combined for a larger configuration.
Property Size9,200 SF
Price / SF$0.00
Days on Market6
Property Features for 50 Pleasant St
General Information
Standard status
Active
Size
9,200 SF
Property subtype
Commercial
Additional Details
Floor
Second and Third Floors
Public Transit
Yes
Property Use
Medical Office
Building Details
Year Built
1930
Listing Agency:
Tucker Real Estate Advisors, Inc.
Listed By:
Dodge Tucker
(603) 828-1384
Source:
Lockandkeyre
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 25 at 2:45AM
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 Tucker Real Estate Advisors, Inc.
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Investment Insights
Based on property information with market context.
Medical office space occupies the second and third floors at 50 Pleasant St in downtown Malden. The property offers 9,200 square feet in total, with approximately 4,600 square feet on each floor. Tenants may take a full floor, arrange a subdivision, or lease both levels together. Landlord assistance with fit-out is available, and parking may be available.
The building is steps from Malden Center and the MBTA Orange Line, with connections to Boston and surrounding communities. Built in 1930, the property offers access to public transit and a downtown setting.
The building is steps from Malden Center and the MBTA Orange Line, with connections to Boston and surrounding communities. Built in 1930, the property offers access to public transit and a downtown setting.
Key Highlights
- 9,200 square feet across the second and third floors
- Approximately 4,600 SF per floor; floors can be leased separately or together
- Space may be divided to accommodate smaller suite configurations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$267,048
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,340,960
$5.3M
Cap Rate 7%
$3,814,971
$3.8M
Cap Rate 9%
$2,967,200
$3.0M
Market Conditions
NOI Build-Up for 9,200 SF
Gross rent
$501.2K $54.48/SF
− Vacancy
−$56.1K −$6.10/SF
EGI
$445.1K $48.38/SF
− OpEx
−$178.0K −$19.35/SF
NOI
$267.0K $29.03/SF
Area
Middlesex County, MA
Vacancy
11.20%
Lease Rate
$54.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,340,960
Cap Rate 7%
$3,814,971
Cap Rate 9%
$2,967,200
Alternative Uses
Best Use
Office B
$4.17M
$3.65M – $4.87M
NOI $291,920 @ 7.0% cap · market cap 1,167,680.00%
Second Best
Healthcare Medical
$3.81M
$3.34M – $4.45M
NOI $267,048 @ 7.0% cap · market cap 1,068,192.00%
Theoretical Best
Office A
$5.45M
$4.77M – $6.35M
NOI $381,246 @ 7.0% cap · market cap 1,524,984.00%
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
2,486
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02148, MA
66,274
Population
28,043
Households
2.4
Avg Household Size
36
Median Age
45%
College-Educated
87%
High-School Grad
5.0 sq mi
ZIP Area
13,255
Density / Sq Mi
$95,298
Median Household Income
$56,077
Median Earnings
$2,066
Median Rent
$607,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Malden Animal Hospital & Kennel — 231 Salem St, Malden, MA 02148
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two upper-level floors can be leased separately, divided into smaller suites, or combined for a larger configuration.
Where is this medical office space located?
The property is located at 50 Pleasant St Malden, MA.
What are key features of this property?
This property features: 9,200 square feet across the second and third floors; Approximately 4,600 SF per floor; floors can be leased separately or together; Space may be divided to accommodate smaller suite configurations
