Retail Storefront with Central
507 Main Street, Malden, MA 02148
For Sale
New
Contact for pricing
The space is near Malden Center T Station, with real estate taxes and building insurance included.
Property Size600 SF
Price / SF$5
Days on Market4
Property Features for 507 Main Street
General Information
Standard status
Size
Amenities
central air
Building Details
Year Built
Listing Agency:
Atlantic Realty Services
Listed By:
Maria DiPierro · License MA #9511886
(617) 543-3607
Source:
Lockandkeyre
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 10 at 2:30PM
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 Atlantic Realty Services
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 retail storefront contains approximately 600 square feet and was built in 1935. Central air serves the space. Real estate taxes and building insurance are included, while gas heat, electricity, and water and sewer are the tenant’s responsibility.
Malden Center T Station is nearby, and the property is located at 507 Main Street in Malden, Massachusetts.
Malden Center T Station is nearby, and the property is located at 507 Main Street in Malden, Massachusetts.
Key Highlights
- Approximately 600 square feet of retail storefront space
- Central air
- Near Malden Center T Station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,624
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,480
$172.5K
Cap Rate 7%
$123,200
$123.2K
Cap Rate 9%
$95,822
$95.8K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$13.2K $21.96/SF
− Vacancy
−$856 −$1.43/SF
EGI
$12.3K $20.53/SF
− OpEx
−$3.7K −$6.16/SF
NOI
$8.6K $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%
$172,480
Cap Rate 7%
$123,200
Cap Rate 9%
$95,822
Alternative Uses
Best Use
Retail
$123.2K
$107.8K – $143.7K
NOI $8,624 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.2K
$310.8K – $414.4K
NOI $24,864 @ 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
2,084
Businesses Nearby
82k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 22%
Electronics 14%
Home Improvements & Furnishings 1%
Dunkin' Donuts
Dining
16,186 visits/mo
0.5 miles
Bank of America
Shops & Services
13,760 visits/mo
0.5 miles
7-Eleven
Shops & Services
8,925 visits/mo
0.2 miles
Mobil
Shops & Services
8,192 visits/mo
0.4 miles
T-Mobile
Electronics
6,266 visits/mo
0.5 miles
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
$607,500
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Middlesex County, MA
Properties on Market for Storefront properties in Middlesex County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Stop & Shop Florist — 99 Charles St, Malden, MA 02148
- Sunny Florists — 7 pleasant st, malden, ma 02148
- Stephanie's Floral Design — 101 Glen Rock Ave, Malden, MA 02148
Frequently Asked Questions
What type of property is this?
Storefront property - The space is near Malden Center T Station, with real estate taxes and building insurance included.
Where is this storefront property located?
The property is located at 507 Main Street Malden, MA.
What are key features of this property?
This property features: Approximately 600 square feet of retail storefront space; Central air; Near Malden Center T Station
