Historic First-Floor Office
92 High St #T2 Medford, MA 02155
92 High St #T2, Medford, MA, 02155
$500,000
For Sale
$500,000
First-floor front corner office condo with 13-foot ceilings, private offices, and a conference room.
Property Size1,450 SF
Price / SF$344.83
Days on Market16
Property Features for 92 High St #T2
General Information
- Standard status
- Active
- Size
- 1,450 SF
Building Details
- Year Built
- 1902
Listing agency
ABG Realty
Listed by
Clare S Thompson
Source
Laerrealty
Added: Jul 6 Updated: Jul 7 at 2:10AM Checked: Jul 21 at 3:21AM
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 ABG Realty
Investment Insights
Based on property information with market context.
This first-floor front corner office condo is located in the historic Marcus Fonzi building, also known as the Old Medford Armory. The suite offers 13-foot ceilings and original oak woodwork, with a grand entry that opens into a reception area. Interior improvements include three private offices and a dedicated conference room, providing a straightforward professional layout for client-facing work.
The property is situated in the heart of Medford Square, with convenient access to I-93 and MBTA transit, along with nearby Mystic River walkways. The condo also benefits from four deeded parking spaces, including two in an indoor garage and two outdoors, which supports daily operations and client visits.
Presented as a managed, vacant, for-sale office condo, the space is well suited for professional and services users that want an established, client-ready suite with multiple offices and conference space. Its historic setting and prominent first-floor positioning can support organizations looking for a finished office environment without needing to coordinate a full interior build-out.
The property is situated in the heart of Medford Square, with convenient access to I-93 and MBTA transit, along with nearby Mystic River walkways. The condo also benefits from four deeded parking spaces, including two in an indoor garage and two outdoors, which supports daily operations and client visits.
Presented as a managed, vacant, for-sale office condo, the space is well suited for professional and services users that want an established, client-ready suite with multiple offices and conference space. Its historic setting and prominent first-floor positioning can support organizations looking for a finished office environment without needing to coordinate a full interior build-out.
Key Highlights
- 1,450 SF first‑floor front corner office condo in the historic Marcus Fonzi building (Old Medford Armory), built in 1902
- Features 13‑foot ceilings, original oak woodwork, and a grand entryway into a reception area
- Layout includes three private offices and a conference room
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.6k | $54.24 |
| − Vacancy | −$17.3k | −$11.93 |
| EGI | $61.3k | $42.31 |
| − OpEx | −$15.3k | −$10.58 |
| NOI | $46.0k | $31.73 |
1,450 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$657.3K
$575.1K – $766.8K
NOI $46,009 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.4K
$751.1K – $1.00M
NOI $60,088 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
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FAQs
What type of property is this?
Office units - First-floor front corner office condo with 13-foot ceilings, private offices, and a conference room.
Where is this office units located?
The property is located at 92 High St #T2 Medford, MA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,450 SF first‑floor front corner office condo in the historic Marcus Fonzi building (Old Medford Armory), built in 1902; Features 13‑foot ceilings, original oak woodwork, and a grand entryway into a reception area; Layout includes three private offices and a conference room
