Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    92 High St, Unit 21 Medford, MA 02155

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $499,999

    Professional office condo in Medford Square with deeded parking.

    Property size:
    1,487 SF

    Property Features for 92 High St

    General Information

    Standard status
    Active
    Size
    1,487 SF

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Maria Dipierro
    Source: Corcoran

    Listing Agent: Maria Dipierro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medford Square Professional Office Condo

    This professional office condominium, situated in the heart of Medford Square within the Marcus Fonzi Professional Office Condominiums, offers approximately 1,487 square feet of space and includes a deeded parking space. The unit, formerly part of the Medford Armory building, is currently configured as a dermatology office. The layout features a reception area and waiting room, three exam rooms equipped with cabinetry and sinks, a spacious office room, and a break room with a kitchenette, as well as a half bath. The building is professionally managed and includes an elevator.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tai Chi Acupuncture ... Acupuncture Clinic Keating-Cohen Elizabeth Psychologist Janie L. Kritzman, ... Psychologist John J. Lee, ... Ophthalmologist Advanced Aesthetics Medical Spa

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1130357
    Latitude
    42.4186766

    Nearby Similar for Sale

    • New
      $1,599,000
      2,613 SF

      Medford Multifamily with Development Potential

      Rare opportunity near Tufts, MBTA, and major routes.
      6 West St, Medford, MA 02155
      View Details
    • $2,599,000
      4,417 SF

      Renovated Multi-Family Gem, Medford

      Pristine, renovated 3-family property near Tufts University.
      12 George St, Medford, MA 02155
      View Details
    • $1,999,900
      3,550 SF

      Renovated Two-Family Gem in Medford

      Newly renovated two-family property near Tufts University and Medford Square.
      179-181 Main St, Medford, MA 02155
      View Details
    • $1,799,000
      2,983 SF

      Renovated Multifamily Property Near Tufts

      Renovated five-bedroom multifamily property near Tufts University.
      9 Trout Ave, Medford, MA 02155
      View Details
    • New
      $1,050,000
      2,210 SF

      Medford Two-Family Home For Sale

      Well-maintained two-family in prime location, ideal for owner-occupants or investors.
      141 4Th St, Medford, MA 02155
      View Details
    • $1,190,000
      3,628 SF

      Medford Multifamily Investment Opportunity

      Fully deleaded four-family property in a prime Medford location.
      14 Park St, Medford, MA 02155
      View Details
    • $1,188,000

      Renovated Two-Family Home with Yard

      Newly renovated two-family home near Green Line and Tufts University.
      12 Wellesley St, Medford, MA 02155
      View Details
    • $2,200,000

      West Medford Commercial Building For Sale

      Commercial building in West Medford with development potential.
      438-440 High St, Medford, MA 02155
      View Details
    • $1,050,000

      West Medford Two-Family Home

      Well-maintained two-family home in a sought-after West Medford neighborhood.
      47 Marshall St, Medford, MA 02155
      View Details
    • Contact for pricing
      1,008 SF

      Medical Office Condo Near Medford

      1,008 SF medical office condo near Medford Square.
      101 Main St, Medford, MA 02155
      View Details
    • $1,699,999

      Tufts University Area Multifamily Residence

      Four-unit property near Tufts, fully rented with upside potential.
      31 Wareham St, Medford, MA 02155
      View Details
    • $999,999

      Medford Two-Family Home with Pool

      Two-family home in Medford with in-ground pool and garage.
      53 Sheridan Ave, Medford, MA 02155
      View Details

    FAQs

    What type of property is this?
    Medical office - Professional office condo in Medford Square with deeded parking.
    Where is this medical office located?
    The property is located at 92 High St, Unit 21 Medford, MA.
    What is the asking price?
    The asking price for this property is $499,999.
    What are key features of this property?
    This property features: - Prime Medford Square location.; - Enjoy the convenience of a deeded parking space.; - Professionally managed building with elevator.
    (617) 543-3607
    Request Owner's contact information
    92 High St, Unit 21 Medford, MA 02155
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    92 High St, Unit 21
    Medford, MA 02155
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    92 High St, Unit 21 Medford, MA 02155
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Maria Dipierro
    (617) 543-3607
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.