Freestanding Retail on Route
For Sale
Contact for pricing
144 Broadway, Saugus, MA 01906
Freestanding retail asset with 20 on-site parking spaces and substantial roadway frontage on Route 1 and Broadway.
Property Size1,517 SF
Price / SF$494.40
Days on Market118
Property Features for 144 Broadway
General Information
Standard status
Active
Size
1,517 SF
Total Parking Spaces
20
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Northeast Private Client Group | Greater Boston
(857) 990-6800
Listed By:
Francis Saenz · License #149766
(857) 990-6803
Source:
Moodyscre
Added: May 20
Changed: Sep 13
Last Checked: Sep 13 at 9:55AM
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 Northeast Private Client Group | Greater Boston
Investment Insights
Based on property information with market context.
This freestanding retail asset offers dedicated frontage and an on-site parking setup designed for customer access, including 20 surface parking spaces. The property is listed for sale and is positioned for retail visibility and direct drive-up access along major corridors.
The site includes 55 feet of frontage on Broadway and is described as being on U.S. Route 1, with exposure to an estimated 100,000+ vehicles per day. Access connections are noted to Route 1, Route 129, I-95, and I-93.
For buyers evaluating a retail location with existing frontage and parking, this property provides a straightforward ground-level configuration and highway-connected accessibility.
The site includes 55 feet of frontage on Broadway and is described as being on U.S. Route 1, with exposure to an estimated 100,000+ vehicles per day. Access connections are noted to Route 1, Route 129, I-95, and I-93.
For buyers evaluating a retail location with existing frontage and parking, this property provides a straightforward ground-level configuration and highway-connected accessibility.
Key Highlights
- Freestanding retail asset on U.S. Route 1
- 55 ft of frontage on Broadway
- Roadway traffic count of 100,000+ vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,925
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$498,500
$498.5K
Cap Rate 7%
$356,071
$356.1K
Cap Rate 9%
$276,944
$276.9K
Market Conditions
NOI Build-Up for 1,517 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.4K $24.00/SF
− Vacancy
−$801 −$0.53/SF
EGI
$35.6K $23.47/SF
− OpEx
−$10.7K −$7.04/SF
NOI
$24.9K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$498,500
Cap Rate 7%
$356,071
Cap Rate 9%
$276,944
Alternative Uses
Best Use
Retail
$356.1K
$311.6K – $415.4K
NOI $24,925 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$898.1K
$785.8K – $1.05M
NOI $62,864 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
187k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 28%
Apparel 22%
Home Improvements & Furnishings 3%
Kohl's
Apparel
36,079 visits/mo
0.3 miles
McDonald's
Dining
33,731 visits/mo
0.2 miles
Applebee's
Dining
17,753 visits/mo
0.4 miles
The Paper Store
Shops & Services
15,243 visits/mo
0.4 miles
Dunkin' Donuts
Dining
14,366 visits/mo
0.2 miles
Demographics for 01906, MA
28,619
Population
11,259
Households
2.5
Avg Household Size
45
Median Age
31%
College-Educated
91%
High-School Grad
11.6 sq mi
ZIP Area
2,467
Density / Sq Mi
$100,819
Median Household Income
$52,189
Median Earnings
$1,982
Median Rent
$589,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail asset with 20 on-site parking spaces and substantial roadway frontage on Route 1 and Broadway.
Where is this retail space located?
The property is located at 144 Broadway Saugus, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Freestanding retail asset on U.S. Route 1; 55 ft of frontage on Broadway; Roadway traffic count of 100,000+ vehicles per day
