599 Main Street, Malden, MA 02148

Building Details

Year Built 2026 More

Listing Agency: Blue Ocean Realty, LLC Show Phone

Listed By: Qian Zhang Show Phone

Source: Lockandkeyre

Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 4:55PM

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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 Blue Ocean Realty, LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This first-floor medical office suite contains approximately 1,510 square feet, arranged with a waiting area, reception, four exam rooms, a private office, and two bathrooms. Medical equipment is not included. The building was constructed in 2026.

At 599 Main Street in Malden, the property is within walking distance of Malden Center Station, with service on the MBTA Orange Line and Commuter Rail. Restaurants, shops, and everyday amenities are nearby. Private on-site parking is available, along with additional street parking.

Key Highlights

• Approximately 1,510 SF of first‑floor medical office space
• Four exam rooms, waiting area, reception, private office, and two bathrooms
• Private on‑site parking and additional street parking nearby

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,831

Suggested Prices Based on Cap Rates

Cap Rate 5%

$876,620 $876.6K

Cap Rate 7%

$626,157 $626.2K

Cap Rate 9%

$487,011 $487.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,510 SF

Gross rent

$82.3K $54.48/SF

− Vacancy

−$9.2K −$6.10/SF

EGI

$73.1K $48.38/SF

− OpEx

−$29.2K −$19.35/SF

NOI

$43.8K $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%

$876,620

Cap Rate 7%

$626,157

Cap Rate 9%

$487,011

Alternative Uses

Best Use

Office B

$684.5K

$598.9K – $798.6K (±1% cap)

NOI $47,913 @ 7.0% cap · market cap 1,409.21%

Second Best

Healthcare Medical

$626.2K

$547.9K – $730.5K (±1% cap)

NOI $43,831 @ 7.0% cap · market cap 1,289.15%

Theoretical Best

Office A

$893.9K

$782.2K – $1.04M (±1% cap)

NOI $62,574 @ 7.0% cap · market cap 1,840.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Hotel & Motel Acupuncture (Bike/Boat/Book/etc) Store Furniture & Home Goods Butcher Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,084

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

Average Price Trend$/SF for Medical Office Space in Middlesex County, MA

$269 Jul

$241 Aug

$218 Sep

$263 Oct

Properties on Market for Medical Office Space in Middlesex County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - First-floor suite includes a reception area, private office, two bathrooms, and parking.

Where is this medical office space located?

The property is located at 599 Main Street Malden, MA.

What are key features of this property?

This property features: Approximately 1,510 SF of first‑floor medical office space; Four exam rooms, waiting area, reception, private office, and two bathrooms; Private on‑site parking and additional street parking nearby