Automotive Service
For Sale
Contact for pricing
1865 Revere Beach Pkwy, Everett, MA 02149
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 Market8
Property Features for 1865 Revere Beach Pkwy
General Information
Standard status
Active
Size
16,000 SF
Property subtype
Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$242,264
Additional Details
Road Access
Yes
Building Details
Year Built
1950
Buildings
1
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
(704) 375-7771
Listed By:
Eric Suffoletto · License #MA 9577141
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 11 at 7:08AM
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.
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 = 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
$229,965
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
7.08%
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%
$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
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
$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 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%
$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
$2.43M
$2.13M – $2.84M
NOI $170,191 @ 7.0% cap · market cap 5.24%
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.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,870
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
0.4 miles
Family Dollar
Shops & Services
7,640 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
