Historic First-Floor Office
T2-92 High St Medford, MA 02155
T2-92 High St, Medford, MA, 02155
$500,000
For Sale
$500,000
First-floor front corner office suite with 13-foot ceilings, reception area, and three private offices plus a conference room.
Property Size1,450 SF
Price / SF$344.83
Days on Market79
Property Features for T2-92 High St
General Information
- Standard status
- Active
- Size
- 1,450 SF
Listing agency
ABG Realty
(617) 492-9900
Listed by
Clare Thompson
Source
Exprealty
Added: May 4 Updated: Jul 21 at 3:42AM Checked: Jul 21 at 3:42AM
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.
Rare opportunity to own a 1,450 SF professional office condo in the historic Marcus Fonzi building (Old Medford Armory). The first-floor front corner suite features 13-foot ceilings and original oak woodwork, with a grand entryway leading into a reception area. Inside, the space includes three private offices and a conference room, providing a practical layout for client-facing professional use.
The property is positioned in the heart of Medford Square, with easy access to I-93 and MBTA transit, and is near Mystic River walkways. The condo includes four deeded parking spaces: two in an indoor garage and two outdoors. The building is managed on-site, and the unit is delivered vacant.
This offering presents a turn-key office condo within a historic landmark setting, designed around a reception-led workflow and enclosed meeting and office space.
The property is positioned in the heart of Medford Square, with easy access to I-93 and MBTA transit, and is near Mystic River walkways. The condo includes four deeded parking spaces: two in an indoor garage and two outdoors. The building is managed on-site, and the unit is delivered vacant.
This offering presents a turn-key office condo within a historic landmark setting, designed around a reception-led workflow and enclosed meeting and office space.
Key Highlights
- 1,450 SF first‑floor front corner professional office condo in the historic Marcus Fonzi building (Old Medford Armory)
- 13‑foot ceilings and original oak woodwork throughout
- Reception area with grand entryway doors plus a layout of 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
Healthcare Medical
$601.3K
$526.1K – $701.5K
NOI $42,089 @ 7.0% cap · market cap 8.42%
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
Office Units
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FAQs
What type of property is this?
Office units - First-floor front corner office suite with 13-foot ceilings, reception area, and three private offices plus a conference room.
Where is this office units located?
The property is located at T2-92 High St 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 professional office condo in the historic Marcus Fonzi building (Old Medford Armory); 13‑foot ceilings and original oak woodwork throughout; Reception area with grand entryway doors plus a layout of three private offices and a conference room
