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Financial
Distress signals
Property profile

399 Main St Malden, MA 02148

FOR LEASE
Banks
Property ID
US38-1117685
17,281 SF 0.18 ac lot Built 1900
Last sale Feb 2023 · $1,570,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This iconic 24,000 square foot free-standing building, located at 399 Main Street in Malden, Massachusetts (02148), presents a unique opportunity. Formerly a bank, this four-story structure, built in 1922, boasts 13-foot ceilings and has been fully demolished and abated, offering a blank canvas for a variety of uses. The building is zoned for Central Business and features multiple suites, with a minimum divisible space of 6,000 square feet and a maximum contiguous space of 24,000 square feet.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$30k
Tax billed · 2024
Assessed value$1.65M
Assessed land$459k
Assessed improvement$1.19M
Effective rate1.82%

Value estimate

· Oct 2026
$1.41M
$1.26M – $1.55M
AI approach$1.41M
NOI build-up
Gross scheduled income$527k
Vacancy & credit loss−$34k
Operating expenses−$148k
NOI · 2,299,653.33% cap applied$345k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$516/SF
County average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$274 – $809

Cap rate analysis

How does the asset earn?
2,299,653.33%
$345k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CB
JurisdictionMALDEN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency51.3
Law Firm29.1
Auto Parts Store23.1

Location

399 Main St Malden, MA 02148
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
578 Main, Malden, MA 02148-4094 $3,400,000 May 2025 11,529 SF
215 Bch, Malden, MA 02148-6223 $4,965,000 Jul 2022 17,592 SF
700 Salem, Malden, MA 02148-4413 $1,750,000 Nov 2021 10,291 SF
575 Broadway, Malden, MA 02148-2039 $6,500,000 Jan 2020 12,170 SF
405 Pearl, Malden, MA 02148-6644 $2,800,000 Apr 2019 11,792 SF
1302 Eastern, Malden, MA 02148-6110 $1,500,000 Nov 2018 7,028 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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