Built-Out Office
For Sale
Contact for pricing
91 Mystic St, Arlington, MA 02474
One-story commercial setting combines administrative offices, laboratory areas, private offices, conference rooms, and shared kitchen space.
Property Size9,600 SF
Price / SF$0.00
Days on Market47
Property Features for 91 Mystic St
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Commercial
Zoning
I
Lease Type
NNN
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$17,754
Amenities
overhead door
kitchen
central air conditioning
back-up generator
Building Details
Building Size
9,600 SF
Year Built
1945
Buildings
1
Stories
1
Listing Agency:
Gibson Sotheby's International Realty
(781) 648-3500
Listed By:
Robert Bowes
(781) 696-5945
Source:
Churchillprop
Added: Sep 6
Changed: Oct 6
Last Checked: Oct 20 at 6:25PM
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 Gibson Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 9,600-square-foot, one-story office property includes approximately 3,300 square feet of administrative office area and 6,300 square feet of laboratory space. The lab is fully built out and approved for biotechnology-related work, with equipment included. The layout also provides several private offices, two conference rooms, five bathrooms, a large kitchen, an overhead door, central A/C, updated heating and electrical services, and a backup generator. Furnishings are included, and the building has numerous windows, off-street parking, and site signage.
Located at 91 Mystic St in Arlington, the property is one mile from Route 2 with access to Routes 93 and 95. The site was formerly occupied by Abcellera Boston for work involving recombinant cell growth in E. coli, Tetrahymena, and mammalian cells. A 5-year NNN lease with options is also identified in the property information.
Located at 91 Mystic St in Arlington, the property is one mile from Route 2 with access to Routes 93 and 95. The site was formerly occupied by Abcellera Boston for work involving recombinant cell growth in E. coli, Tetrahymena, and mammalian cells. A 5-year NNN lease with options is also identified in the property information.
Key Highlights
- 9,600‑square‑foot office property with approximately 3,300 SF of administrative offices and 6,300 SF of lab space
- Fully built‑out laboratory approved for biotechnology‑related work, with equipment included
- One‑story building with several private offices, two conference rooms, five bathrooms, and a large kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,609
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,180
$952.2K
Cap Rate 7%
$680,129
$680.1K
Cap Rate 9%
$528,989
$529.0K
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$78.3K $8.16/SF
− Vacancy
−$5.1K −$0.53/SF
EGI
$73.2K $7.63/SF
− OpEx
−$25.6K −$2.67/SF
NOI
$47.6K $4.96/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,180
Cap Rate 7%
$680,129
Cap Rate 9%
$528,989
Alternative Uses
Best Use
Office B
$4.35M
$3.81M – $5.08M
NOI $304,612 @ 7.0% cap · market cap 1,050,386.21%
Second Best
Industrial
$1.46M
$1.28M – $1.70M
NOI $102,114 @ 7.0% cap · market cap 352,117.24%
Theoretical Best
Office A
$5.68M
$4.97M – $6.63M
NOI $397,822 @ 7.0% cap · market cap 1,371,800.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,545
Businesses Nearby
Explore this area
Business Placement
Demographics for 02474, MA
28,551
Population
12,541
Households
2.3
Avg Household Size
40
Median Age
74%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
9,210
Density / Sq Mi
$139,199
Median Household Income
$80,498
Median Earnings
$2,157
Median Rent
$887,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - One-story commercial setting combines administrative offices, laboratory areas, private offices, conference rooms, and shared kitchen space.
Where is this office unit located?
The property is located at 91 Mystic St Arlington, MA.
What are key features of this property?
This property features: 9,600‑square‑foot office property with approximately 3,300 SF of administrative offices and 6,300 SF of lab space; Fully built‑out laboratory approved for biotechnology‑related work, with equipment included; One‑story building with several private offices, two conference rooms, five bathrooms, and a large kitchen
