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    Downtown Medford Armory Office Space Title is generated by Realmo AI

    92 High Street, Medford, MA 02155

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    Premiere office space in historic Medford Armory building.

    Type:Office
    Added:
    Mar 6, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 92 High Street

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Chris Melanson

    Listing agent Chris Melanson

    Listing office

    Listing date Mar 6, 2026

    Source Masscommercialproperties

    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 Chris Melanson

    HighLights

    • Premiere office space in the historic Medford Armory building.
    • Two covered parking spaces in the basement, offering flexibility for parking or storage.
    • Private bathroom within the office suite.
    • Ideal layout for professional services, previously used as a law practice.
    • Located in downtown Medford with accessibility to amenities.
    • Building boasts curb appeal and historic architectural details with its Romanesque Revival granite construction.

    Overview

    Located in the former Medford Armory building, this office space offers an excellent leasing opportunity in downtown Medford. Previously used as a law practice, the layout is suitable for another professional services group. The suite includes amenities such as two covered parking spaces in the basement, which can be used for parking or additional storage, and a private bathroom. The Lawrence Light Guard Armory is a historic building at 92 High Street in Medford, Massachusetts. Constructed in 1891, the three-story granite and brick building was designed by Shepley, Rutan and Coolidge. The Romanesque Revival building features massive granite quoins on the corners, a granite course between the first and second floors, and granite lintel sections above its windows. The entrance, centered on the north facade, is flanked by round turrets with crenellated tops. This professional business location offers downtown accessibility, private parking, curb appeal, and a private bathroom, all while nodding to the history of downtown Medford.
    Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.113
    Latitude
    42.4187

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    FAQs

    What type of property is this?
    Office units - Premiere office space in historic Medford Armory building.
    Where is this office units located?
    The property is located at 92 High Street Medford, MA.
    What are key features of this property?
    This property features: Premiere office space in the historic Medford Armory building.; Two covered parking spaces in the basement, offering flexibility for parking or storage.; Private bathroom within the office suite.
    (617) 674-2043
    We can help!
    Listing Contact
    Chris Melanson
    Learn More
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    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.

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