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    599 Main St Malden, MA 02148
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    Property profile & analytics

    599 Main St, Malden, MA 02148

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    • Investment properties
    • 3,975 SF
    • 0.17 lot acres
    For Lease
    $3,500/Mo
    View Listing →
    Malden Center Commercial Suite For Lease
    $3,500/Mo
    1,510 SF

    Malden Center Commercial Suite

    1,510 sq ft commercial suite in Malden Center.

    599 Main St, Malden, MA 2148
    View Listing
    Property ID
    US38-1446279
    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
    $1,015,000
    Cap Rate Potential
    6.7%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 599 Main St

    Year built
    1890
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Zone code
    RESA
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    MALD M:073 B:820 L:007
    APU
    MALDM073B820L007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 10, 2022 $1,044,000 Yun Xia Asset Mgmt LLC 599 Main Street RT Quit Claim Arm's Length For Ne States $450k · Cathay Bank
    Oct 6, 2006 — 599 Main Street RT — Deed Of Trust · related $500k · River Bank
    Nov 10, 2004 — 599 Main St. RT — Deed Of Trust · related $25k · Medford Capital Bank
    May 12, 2003 — 599 Main St. RT — Deed Of Trust · related $304k · Medford Capital Bank
    Jun 23, 1998 $249,000 599 Main Street RT Tadros,madleine K Grant Deed $200k · Medford Capital Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $975,000
      ML approach
      $1,010,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,095,000
      6.5%
      $1,010,000
      7%
      $935,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $870,000
      Current use
      AUTO REPAIR, GARAGE
      $1,120,000
      Change: +28% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,100,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $1,070,000
      Change: +23% Conversion: Easy
      OFFICE BUILDING
      $870,000
      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
    -71.0671
    Latitude
    42.4298
    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
    2022
    $14,613
    $371,900
    $780,700
    $1,152,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $16,690,000
      129,280 SF

      36 Dartmouth St

      OFFICE/RESIDENTIAL (MIXED USE)
      36 Dartmouth St, Malden, MA 02148-5112
      View Details
    • Value Estimation
      $8,495,000
      64,991 SF

      10 Florence St

      OFFICE/RESIDENTIAL (MIXED USE)
      10 Florence St, Malden, MA 02148-3907
      View Details
    • Value Estimation
      $505,000
      2,960 SF

      249-251 Highland Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      249-251 Highland Ave, Malden, MA 02148
      View Details
    • Value Estimation
      $1,365,000
      9,831 SF

      520 Medford St

      OFFICE/RESIDENTIAL (MIXED USE)
      520 Medford St, Malden, MA 02148-7224
      View Details
    • Value Estimation
      $505,000
      2,872 SF

      218 Pearl St

      OFFICE/RESIDENTIAL (MIXED USE)
      218 Pearl St, Malden, MA 02148-6435
      View Details
    • Value Estimation
      $2,845,000
      20,735 SF

      169 Pleasant St, Unit 185

      OFFICE/RESIDENTIAL (MIXED USE)
      169 Pleasant St, Malden, MA 02148-4828
      View Details

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      7,000 SF

      Maplewood Square Mixed-Use Opportunity

      Four-unit commercial building and two-family home in prime location.
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      24,000 SF

      Iconic Malden Square Building

      24,000 SF Mixed-Use Opportunity
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      Maplewood Square Mixed-Use Investment Opportunity

      Four-unit commercial building and two-family home in prime location.
      697-705 Salem St, Malden, MA 02148
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      7,000 SF

      Maplewood Square Mixed-Use Opportunity

      Four-unit commercial building and two-family home in prime location.
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      23,900 SF

      Iconic Malden Square Building For Sale

      24,000 SF freestanding building in downtown Malden.
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    Similar Nearby for Lease

    • $800 /Mo

      Pleasant Street Office Space Available

      Office spaces for rent near Malden Center T Station.
      75 Pleasant Street Park, Malden, MA 02148
      View Details
    • $1,500 /Mo

      Salon Suites Near Malden Center

      Salon suites for rent near Malden Center T Station.
      75 Pleasant Street Park, Malden, MA 02148
      View Details
    • Contact for pricing

      Main Street Storefront Retail Space

      Remodeled retail space in high-traffic area on Main Street.
      112 Main Street Park, Malden, MA 02148
      View Details
    • Contact for pricing

      Commercial Space For Rent

      Commercial space available for rent in Malden, Massachusetts.
      129 Commercial St, Malden, MA 02148
      View Details
    • Contact for pricing
      2,000 SF

      Flex Space with Office Mezzanine

      2,000 SF flex space with office and garage.
      1130 Eastern Ave, Malden, MA 02148
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    • Contact for pricing

      Malden Center Medical Office Space

      1,510 SF commercial space ideal for medical and wellness uses.
      599 Main Street Park, Malden, MA 02148
      View Details
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    Malden, MA 02148
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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.

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