Automotive Service Building with New
1865 Revere Beach Parkway Everett, MA 02149
1865 Revere Beach Parkway, Everett, MA, 02149
Contact for pricing
For Sale
Contact for pricing
Mell’s Tire & Auto Service is leased under a new 10-year term starting August 1, 2025 with 3% annual increases.
Property Size16,000 SF
Price / SF$216.31
Days on Market92
Property Features for 1865 Revere Beach Parkway
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing agency
Atlantic Capital Partners
(704) 375-7771
Listed by
Eric Suffoletto · License #MA 9577141
Source
Crexi
Added: Apr 21 Updated: Jul 21 at 2:47AM Checked: Jul 21 at 2:47AM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
Mell’s Tire & Auto Service is an urban infill automotive service property offered for sale, positioned along Revere Beach Parkway. The offering includes an actively operating tire and auto service business under a new 10-year lease commencing August 1, 2025, with 3% annual rent increases throughout the base term and both renewal options.
Revere Beach Parkway serves as a primary commercial corridor for Everett and communities north of Downtown Boston. The remarks cite Encore Boston Harbor as a major area anchor, along with planned redevelopment tied to the New England Revolution soccer-specific stadium along the Mystic River, including a publicly accessible park.
The lease provides stable in-place cash flow with scheduled annual increases, while the property’s location within a growing regional corridor supports long-term desirability for automotive service demand.
Revere Beach Parkway serves as a primary commercial corridor for Everett and communities north of Downtown Boston. The remarks cite Encore Boston Harbor as a major area anchor, along with planned redevelopment tied to the New England Revolution soccer-specific stadium along the Mystic River, including a publicly accessible park.
The lease provides stable in-place cash flow with scheduled annual increases, while the property’s location within a growing regional corridor supports long-term desirability for automotive service demand.
Key Highlights
- 16,000 SF urban infill automotive service asset along Revere Beach Parkway in Everett, MA
- New 10‑year lease begins August 1, 2025
- Lease includes 3% annual rent increases throughout the base term and both renewal options
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $351.4k | $21.96 |
| − Vacancy | −$22.8k | −$1.43 |
| EGI | $328.5k | $20.53 |
| − OpEx | −$98.6k | −$6.16 |
| NOI | $230.0k | $14.37 |
16,000 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.29M
$2.87M – $3.83M
NOI $229,965 @ 7.0% cap · market cap 6.64%
Second Best
Industrial
$2.43M
$2.13M – $2.84M
NOI $170,191 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$9.47M
$8.29M – $11.05M
NOI $663,036 @ 7.0% cap · market cap 19.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Parkway Cycle
Motorcycle Shop
Love Dog Hot ...
Take-out & Catering
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FAQs
What type of property is this?
Auto shop - Mell’s Tire & Auto Service is leased under a new 10-year term starting August 1, 2025 with 3% annual increases.
Where is this auto shop located?
The property is located at 1865 Revere Beach Parkway Everett, MA.
What is the asking price?
The asking price for this property is $3,461,000.
What are key features of this property?
This property features: 16,000 SF urban infill automotive service asset along Revere Beach Parkway in Everett, MA; New 10‑year lease begins August 1, 2025; Lease includes 3% annual rent increases throughout the base term and both renewal options
