Retail Building Near Malden
77 Commercial St, Malden, MA 02148
For Sale
$2,499,999
Retail building steps to downtown and public transportation.
Property Size8,400 SF
Lot Size0.34 Acres
Days on Market247
Property Features for 77 Commercial St
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Burgess Properties, LLC
Listed By:
Stephen Nohrden
(978) 895-2208
Source:
Elliman
Added: Mar 10
Changed: Oct 31
Last Checked: Nov 10 at 9:08AM
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 Burgess Properties, LLC
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 high-quality retail building is located steps from downtown Malden, Massachusetts, near the Orange Line Malden MBTA T Stop and Commuter Rail.
Key Highlights
- High‑quality retail building.
- Steps to downtown Malden.
- Proximity to Orange Line Malden MBTA T Stop.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,732
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,414,640
$2.4M
Cap Rate 7%
$1,724,743
$1.7M
Cap Rate 9%
$1,341,467
$1.3M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$184.5K $21.96/SF
− Vacancy
−$12.0K −$1.43/SF
EGI
$172.5K $20.53/SF
− OpEx
−$51.7K −$6.16/SF
NOI
$120.7K $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%
$2,414,640
Cap Rate 7%
$1,724,743
Cap Rate 9%
$1,341,467
Alternative Uses
Best Use
Retail
$1.72M
$1.51M – $2.01M
NOI $120,732 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $348,094 @ 7.0% cap · market cap 13.92%
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
Location Intelligence
Trade Area within ½ mile
2,458
Businesses Nearby
127k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Dining 18%
Shops & Services 16%
Electronics 9%
Stop & Shop
Groceries
71,257 visits/mo
0.2 miles
Dunkin' Donuts
Dining
16,186 visits/mo
0.5 miles
Bank of America
Shops & Services
13,760 visits/mo
0.2 miles
T-Mobile
Electronics
6,266 visits/mo
0.3 miles
Dunkin' Donuts
Dining
4,837 visits/mo
0.3 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
$607,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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
- Wildflower Designs Florist — 299 Highland Ave, Malden, MA 02148
- Stop & Shop Florist — 99 Charles St, Malden, MA 02148
- Sunny Florists — 7 pleasant st, malden, ma 02148
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building steps to downtown and public transportation.
Where is this storefront property located?
The property is located at 77 Commercial St Malden, MA.
What is the asking price?
The asking price for this property is $2,499,999.
What are key features of this property?
This property features: High‑quality retail building.; Steps to downtown Malden.; Proximity to Orange Line Malden MBTA T Stop.
