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    Property profile & analytics

    204 Main St Malden, MA 02148-6905

    • Investment properties
    • 6,077 SF
    • 0.62 lot acres
    OFF-MARKET
    Last Sale
    Nov 05, 2021
    $1,500,000
    Value Estimations
    $1,530,000
    Show details
    Cap Rate Potential
    6.6%
    Investment properties
    Location Intelligence
    Property ID
    US38-0654098
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • E E Burns & Son / Funeral Home
    • Henry R Howard Funeral Home / Funeral Home

    Property Details for 204 Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.62 lot acres
    Property size
    6,077 SF
    Zone code
    NB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    MALD M:064 B:309 L:925
    APU
    MALDM064B309L925

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,530,000
      ML approach
      $1,465,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Malden
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0677
    Latitude
    42.4218
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $365,200
    $1,050,900
    $1,416,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      4,166 SF

      101-103 Fry St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,166 SF
      101-103 Fry St, Malden, MA 02148
      View Details
    • Value Estimation by Request
      214,337 SF

      480 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 214,337 SF
      480 Main St, Malden, MA 02148-5109
      View Details
    • Value Estimation
      $320,000
      7,647 SF

      800 Main St, Unit 810

      OFFICE/RESIDENTIAL (MIXED USE) • 7,647 SF
      800 Main St, Malden, MA 02148-2611
      View Details
    • Value Estimation
      $300,000
      4,655 SF

      610 Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,655 SF
      610 Pleasant St, Malden, MA 02148-3504
      View Details
    • Value Estimation
      $240,000
      3,874 SF

      180-184 Salem St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,874 SF
      180-184 Salem St, Malden, MA 02148
      View Details
    • Value Estimation
      $265,000
      3,282 SF

      888 Salem St, Unit 894

      OFFICE/RESIDENTIAL (MIXED USE) • 3,282 SF
      888 Salem St, Malden, MA 02148-4438
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,000 SF

      Iconic Malden Square Building

      24,000 SF Mixed-Use Opportunity
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      8,289 SF

      Mixed-Use Building Near Malden Center

      Multi-unit building with commercial and residential units near transportation.
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    • $720,000

      Malden Two-Family Home with Garage

      Two-family home with recent updates and development potential.
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      Two-Family Home in Prime Location

      Two-family home near schools, parks, transit, and shopping.
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    • $950,000

      Well-Maintained Triplex Near Transportation

      Triplex with rental income potential, near Wellington Station.
      108 Highland Ave, Malden, MA 02148
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    • $1,150,000
      2,782 SF

      Updated Three-Family Home in Malden

      Well-maintained three-family home with updates and convenient location.
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    Similar Nearby for Lease

    • Contact for pricing
      101,803 SF

      Malden Industrial Flex Space Available

      101,803 SF Warehouse, 25,095 SF Vacant
      1 Wesley St, Malden, MA 02148
      View Details
    • $12,000 /Mo

      Renovated Commercial Space in Malden

      Versatile 2,000 sq ft space with parking for 30 vehicles.
      69 Newland St, Malden, MA 02148
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    • Contact for pricing
      4,859 SF

      Medical Office Space in Malden

      Medical office space for lease near public transportation.
      578 Main St, Malden, MA 02148
      View Details
    • $1,800 /Mo

      Retail Space Near Malden Center

      Retail space for rent near Malden Center T Station.
      75 Pleasant Street Park, Malden, MA 02148
      View Details
    • Contact for pricing
      1,291 SF

      Malden Warehouse Space Available

      Warehouse space for rent in Malden, Massachusetts.
      129 Commercial St, Malden, MA 02148
      View Details
    • Contact for pricing
      2,017 SF

      Retail Space Near MBTA Station

      Street retail space with storage near Malden Center MBTA station.
      190 Pleasant St, Malden, MA 02148
      View Details
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    204 Main St
    Malden, MA 02148-6905
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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.

    More about this property
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