Renovated Mixed-Use Commercial
For Sale
$450,000
6-1 Glenwood St, Malden, MA 02148
Open-plan commercial space with a half bathroom, storage room, and public parking directly in front.
Property Size1,048 SF
Price / SF$429.39
Days on Market225
Property Features for 6-1 Glenwood St
General Information
Standard status
Active
Size
1,048 SF
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,744
Listing Agency:
Keller Williams Realty
(508) 238-5000
Listed By:
Christine Do · License #449518378
(617) 593-2887
Source:
Exprealty
Added: Mar 4
Changed: Oct 15
Last Checked: Oct 14 at 11:53PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1,048-square-foot commercial condominium space offers a recently renovated interior with an open layout, half bathroom, and dedicated storage room. The flexible configuration can accommodate office, retail sales, or service-oriented business uses described for the property.
The space is positioned across from the Oak Grove T-station in Malden, Massachusetts, with a public parking lot located in front of the building. Newly renovated condo units occupy the upper levels, creating a mixed-use property setting.
The space is positioned across from the Oak Grove T-station in Malden, Massachusetts, with a public parking lot located in front of the building. Newly renovated condo units occupy the upper levels, creating a mixed-use property setting.
Key Highlights
- 1,048 SF recently renovated commercial space
- Open interior layout with flexible configuration
- Half bathroom and separate storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,253
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,060
$665.1K
Cap Rate 7%
$475,043
$475.0K
Cap Rate 9%
$369,478
$369.5K
Market Conditions
NOI Build-Up for 1,048 SF
Gross rent
$56.8K $54.24/SF
− Vacancy
−$12.5K −$11.93/SF
EGI
$44.3K $42.31/SF
− OpEx
−$11.1K −$10.58/SF
NOI
$33.3K $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%
$665,060
Cap Rate 7%
$475,043
Cap Rate 9%
$369,478
Alternative Uses
Best Use
Office B
$475.0K
$415.7K – $554.2K
NOI $33,253 @ 7.0% cap · market cap 7.39%
Second Best
Mixed Use
$247.0K
$216.2K – $288.2K
NOI $17,292 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$620.4K
$542.9K – $723.8K
NOI $43,429 @ 7.0% cap · market cap 9.65%
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
1,043
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Open-plan commercial space with a half bathroom, storage room, and public parking directly in front.
Where is this mixed-use property located?
The property is located at 6-1 Glenwood St Malden, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,048 SF recently renovated commercial space; Open interior layout with flexible configuration; Half bathroom and separate storage room
