Automotive Service
1865 Revere Beach Pkwy, Everett, MA 02149
For Sale
Contact for pricing
Established automotive service facility with a long-term lease and annual rent escalations along Revere Beach Parkway.
Property Size16,000 SF
Price / SF$203.13
Days on Market99
Property Features for 1865 Revere Beach Pkwy
General Information
Standard status
Size
Property subtype
Lease Type
Investment Type
Net Operating Income
Additional Details
Road Access
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License NC #288268
(704) 375-7771
Source:
Crexi
Added: Aug 4
Changed: Oct 26
Last Checked: Nov 10 at 6:40AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a 16,000-square-foot automotive service facility at 1865 Revere Beach Pkwy in Everett, Massachusetts. Originally built in 1950, it is occupied by Mell's Tire & Auto Service and supports a necessity-based vehicle service use.
A new 10-year lease began August 1, 2025, with 3% annual rent increases during the base term and two renewal options. The property sits along Revere Beach Parkway, a primary commercial corridor serving Everett and communities north of Downtown Boston. The surrounding trade area includes Encore Boston Harbor Resort, which attracts approximately 8-10 million visitors annually, and is positioned within a corridor experiencing continued public and private investment.
A new 10-year lease began August 1, 2025, with 3% annual rent increases during the base term and two renewal options. The property sits along Revere Beach Parkway, a primary commercial corridor serving Everett and communities north of Downtown Boston. The surrounding trade area includes Encore Boston Harbor Resort, which attracts approximately 8-10 million visitors annually, and is positioned within a corridor experiencing continued public and private investment.
Key Highlights
- 16,000‑square‑foot automotive service property
- New 10‑year lease commenced August 1, 2025
- 3% annual rent increases throughout the base term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,965
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,599,300
$4.6M
Cap Rate 7%
$3,285,214
$3.3M
Cap Rate 9%
$2,555,167
$2.6M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$351.4K $21.96/SF
− Vacancy
−$22.8K −$1.43/SF
EGI
$328.5K $20.53/SF
− OpEx
−$98.6K −$6.16/SF
NOI
$230.0K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,599,300
Cap Rate 7%
$3,285,214
Cap Rate 9%
$2,555,167
Alternative Uses
Best Use
Retail
$3.29M
$2.87M – $3.83M
NOI $229,965 @ 7.0% cap · market cap 7.08%
Second Best
Industrial
$2.44M
$2.14M – $2.85M
NOI $171,091 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$9.47M
$8.29M – $11.05M
NOI $663,036 @ 7.0% cap · market cap 20.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,942
Businesses Nearby
28k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 50%
Dunkin' Donuts
Dining
14,101 visits/mo
0.5 miles
Family Dollar
Shops & Services
7,640 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,716 visits/mo
0.4 miles
Demographics for 02149, MA
49,075
Population
18,541
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
80%
High-School Grad
3.4 sq mi
ZIP Area
14,434
Density / Sq Mi
$79,658
Median Household Income
$40,836
Median Earnings
$1,988
Median Rent
$605,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Middlesex County, MA
Properties on Market for Auto shops in Middlesex County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Today's Collision Chelsea — 99 Everett Ave, Chelsea, MA 02150
- Malden Auto Body — 49 Robin St, Everett, MA 02149
- Riviera Auto Body — 112 Bow St, Everett, MA 02149
- Pro Truck Collision & Repair — 23 Beacham St, Everett, MA 02149
- Sohail Repairs — 23 Beacham St, Everett, MA 02149
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive service facility with a long-term lease and annual rent escalations along Revere Beach Parkway.
Where is this auto shop located?
The property is located at 1865 Revere Beach Pkwy Everett, MA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 16,000‑square‑foot automotive service property; New 10‑year lease commenced August 1, 2025; 3% annual rent increases throughout the base term
