Property profile

303 Commercial St Malden, MA 02148

OFF-MARKET
Other industrial land
Property ID
US38-1614144
29,061 SF 1.37 ac lot Built 1937
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a proposed new construction retail center in Malden, Massachusetts, north of Boston, planned to include approximately 26,450 square feet of retail space. The site is designed to provide parking at a ratio of 4 spaces per 1,000 square feet. It is located at a signalized intersection on Commercial Street and Medford Street, with reported traffic volume of approximately 38,000 vehicles per day.

Property profile

Verified
Property type Other industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 1937
Construction STEEL FRAME
Total area 29,061 SF
Lot 1.37 ac (59,773 SF)
Zoning code I1
APN MALD M:059 B:246 L:604
UPID US38-1614144

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Metal Fabrication Plant

Location

303 Commercial St Malden, MA 02148-7306
Malden metro Census 341301 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.65M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.74M

Owner & transaction history

since 2021
Last sale
$1.8M
2 recorded transactions
2021
$1.8M
2011
$15,807

Zoning & alternative use

I1 · Malden, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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