Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    349 Washington St Malden, MA 02148-1344

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    349 Washington St Malden, MA 02148-1344

    View on Map
    • Showrooms
    • 11,633 SF
    • 0.55 lot acres
    Off-Market
    Property ID
    US38-1399014
    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.
    Value Estimations
    $1,640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Archer / General Contractor
    • Malden Monthly Parking / Parking Lot & Garage
    • Lang Security Systems / Security Service
    • Physical World Analytics / Corporate Office

    Property Details for 349 Washington St

    Year built
    1958
    Construction
    STEEL FRAME
    Lot size
    0.55 lot acres
    Property size
    11,633 SF
    Zone code
    I
    Property type
    Showrooms
    APN
    MALD M:007 B:062 L:201
    APU
    MALDM007B062L201

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,550,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,680,000
      Change: +5% Conversion: Moderate
      OFFICE BUILDING
      $2,545,000
      Change: -0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Malden
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0711
    Latitude
    42.4387
    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
    $27,515
    $541,600
    $970,200
    $1,511,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $860,000
      5,654 SF

      595 Broadway

      SHOW ROOM, WAREHOUSE • 5,654 SF
      595 Broadway, Malden, MA 02148-2039
      View Details
    • Value Estimation
      $7,800,000
      58,800 SF

      700 Broadway

      SHOW ROOM, WAREHOUSE • 58,800 SF
      700 Broadway, Malden, MA 02148-2042
      View Details
    • Value Estimation
      $3,210,000
      23,208 SF

      420 Eastern Ave

      SHOW ROOM, WAREHOUSE • 23,208 SF
      420 Eastern Ave, Malden, MA 02148-5707
      View Details
    • Value Estimation
      $1,115,000
      7,692 SF

      342-346 Pearl St

      SHOW ROOM, WAREHOUSE • 7,692 SF
      342-346 Pearl St, Malden, MA 02148
      View Details
    • Value Estimation by Request
      1,704 SF

      738 Salem St

      SHOW ROOM, WAREHOUSE • 1,704 SF
      738 Salem St, Malden, MA 02148-4413
      View Details
    • Value Estimation
      $595,000
      3,400 SF

      361-365 Main St

      SHOW ROOM, WAREHOUSE • 3,400 SF
      361-365 Main St, Malden, MA 02148
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,000 SF

      Renovated Commercial Space in Malden

      Versatile, renovated commercial space with parking in Malden, MA.
      69 Newland St, Malden, MA 02148
      View Details
    • $2,450,000
      2,000 SF

      Renovated Commercial Space in Malden

      Versatile, renovated 2,000 sq ft commercial space on 0.34 acres.
      69 Newland St, Malden, MA 02148
      View Details
    • Contact for pricing
      8,400 SF

      Malden Retail Building For Sale

      Retail building near downtown Malden and MBTA T Stop.
      77 Commercial St, Malden, MA 02148
      View Details
    • Contact for pricing
      24,000 SF

      Iconic Malden Square Building

      24,000 SF Mixed-Use Opportunity
      399 Main St, Malden, MA 02148
      View Details
    • $1,599,900
      7,000 SF

      Maplewood Square Investment Opportunity

      Four-unit commercial building and two-family home in prime location.
      697-705 Salem St, Malden, MA 02148
      View Details
    • Contact for pricing

      Trophy Office and Mixed-Use Project

      188,000 SF mixed-use project with life science, office, and retail.
      11 Dartmouth St, Malden, MA 02148
      View Details

    Similar Nearby for Lease

    • $8,000 /Mo

      Versatile Commercial Space in Malden

      Renovated 2,000 SF office/showroom/garage on 0.34 acres.
      69 Newland St, Malden, MA 02148
      View Details
    • $3,100 /Mo
      900 SF

      Retail Space Near Malden Center

      Retail space near Malden Center T Station available for rent.
      60a Summer St, Malden, MA 02148
      View Details
    • Contact for pricing

      Malden Center Retail and Office

      Retail and office spaces in the heart of Malden Center.
      22 Pleasant Street Park, Malden, MA 02148
      View Details
    • Contact for pricing
      2,000 SF

      Malden Retail/Office Space Available

      2,000 SF retail/office space available for lease.
      980 Eastern Ave, Malden, MA 02148
      View Details
    • Contact for pricing
      8,464 SF

      Malden Office/Medical/Retail/Flex Building

      8,464 SF building suitable for office, medical, retail, or flex.
      270-280 Medford St, Malden, MA 02148
      View Details
    • $1,100 /Mo

      Salon Suites Near Malden Center

      Salon suites for rent near Malden Center T Station.
      30 Eastern Ave, Malden, MA 02148
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    349 Washington St
    Malden, MA 02148-1344
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!