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    Refrigerated Warehouse and Distribution Center Title is generated by Realmo AI

    155 Market Street, Everett, MA 02149

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    39,584 SF refrigerated warehouse and distribution center for sale.

    Type:industrial.warehouse_distribution
    Property size:
    39,584 SF
    Lot size:
    0.75 Acres
    Added:
    Mar 7, 2026
    Days on Market:
    91
    Last Refresh:
    Mar 7 at 7:05 pm

    Property Features for 155 Market Street

    General Information

    Standard status
    Active
    Size
    39,584 SF
    Lot size
    0.75 Acres
    Property subtype
    industrial.warehouse_distribution

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Brandon Dickason
    Brandon Dickason

    Listing agent Brandon Dickason License #9523705-RE-S

    Listing office Avison Young - US - MA - Boston

    Listing date Mar 7, 2026

    Source Avisonyoung

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - US - MA - Boston

    HighLights

    • 100% Leased with Strong Cash Flow from diverse tenants and additional revenue streams.
    • Irreplaceable Location in a leading urban industrial submarket with direct waterfront access.
    • Excellent Transportation Access: Minutes from Downtown Boston, Logan Airport and major highways.
    • Strong Market Fundamentals: Located in a submarket with a low vacancy rate and increasing rents.
    • Cross‑dock facility featuring 24 loading doors and 17'-25' ceiling heights.
    • Sticky Tenancy: Many tenants have occupied the property for almost a decade.

    Overview

    Located just three miles north of Downtown Boston in Everett, Massachusetts, this 39,584 square foot refrigerated warehouse and distribution center at 155 Market Street is available for sale. The cross-dock facility features 24 loading doors and ceiling heights ranging from 17 to 25 feet, along with ample power. The property is positioned in a leading urban industrial submarket of Greater Boston, specifically within its primary wholesale produce supply district. It offers convenient access to the Tobin Bridge (Route 1), Interstate 93, the Massachusetts Turnpike, and Boston’s Logan International Airport. The property also benefits from approximately 300 feet of waterfront frontage, providing direct port access to the Island End River, which connects to the Mystic River and Boston Harbor. The property is currently 100% leased to a diverse group of tenants, including produce, florist, grocery, and seafood distributors. Additional revenue is generated from its 0.75-acre outdoor storage yard and 0.60-acre parking area. The Everett/Chelsea industrial submarket is experiencing strong market fundamentals, with a vacancy rate of 3.7% as of Q2 2024 and average asking rents of $23.52/SF NNN, reflecting an 8.9% year-over-year increase. The surrounding area has undergone a transformation, including the development of the Encore Boston Harbor Resort & Casino, located one mile away. Furthermore, The Davis Companies have plans to redevelop a 100-acre former ExxonMobil fuel tank site along Beacham Street into the Everett Docklands, a 7.2 million SF mixed-use development.
    Location Intelligence

    Current Use by Public Records

    Bostonian Foods Big Box & Wholesale Store Local Pest Control ... Garden Center Tesoro Distributors Grocery & Convenience Store A Fierro Produce Co Agricultural Supply Sun Valley Produce ... Agricultural Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0513438
    Latitude
    42.3926577

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    FAQs

    What type of property is this?
    Distribution center - 39,584 SF refrigerated warehouse and distribution center for sale.
    Where is this distribution center located?
    The property is located at 155 Market Street Everett, MA.
    What are key features of this property?
    This property features: 100% Leased with Strong Cash Flow from diverse tenants and additional revenue streams.; Irreplaceable Location in a leading urban industrial submarket with direct waterfront access.; Excellent Transportation Access: Minutes from Downtown Boston, Logan Airport and major highways.
    (617) 970-5661
    We can help!
    Listing Contact
    Brandon Dickason
    Brandon Dickason
    Real Estate License ID: 9523705-RE-S
    Learn More
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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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