Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unique Commercial Space For Rent Title is generated by Realmo AI

    369 Broadway #102, Everett, MA 02149

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,600/Mo $16 SF/Yr (calc)

    Eclectic office space with utilities included in a modern building.

    Property size:
    1,200 SF
    Added:
    May 8, 2025
    Days on Market:
    372
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 369 Broadway #102

    General Information

    Standard status
    Active
    Size
    1,200 SF

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    AD Advisors Team

    Listing agent AD Advisors Team

    Listing office Block Realty

    Listing date May 8, 2025

    Source Corcoran

    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 Block Realty

    HighLights

    • All utilities included
    • Unique space: Formerly jail cell room of old police station
    • Excellent layout with private office area and storage
    • High ceilings
    • Modern building
    • Surrounded by successful businesses

    Overview

    This commercial space, formerly the jail cell room of an old police station, offers an excellent layout featuring a private office area and storage. The space distinguishes itself with high ceilings and an atypical office style. Located in a modern building, the 1200 square-foot property includes all utilities. The building features multiple bathrooms and is surrounded by successful businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kim Hazeltine, Red ... Real Estate Agency YouForward Family Recreation Center Centurion Legal Group ... Law Firm Keystone Building Association / Organization Fathomable Portable Toilet ... Building Supply

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0571
    Latitude
    42.4048

    Nearby Similar for Lease

    • $64 SF/Yr

      Everett Restaurant Space For Lease

      Restaurant space in high-demand area near Boston, Chelsea, and Everett.
      322-326 Chelsea St, Everett, MA 02149
      View Details
    • Contact for pricing

      Versatile Office Space Near Boston

      5,000 SF office space near Encore Boston Harbor.
      4 Betty Street #3, Everett, MA 02149
      View Details
    • Sponsored
      $13,000/Mo

      Everett Restaurant Space For Lease

      Restaurant space with seating for 80 indoors and 25+ outdoors.
      322 Chelsea St, Everett, MA 02149
      View Details
    • $2,100/Mo

      Everett Square Turnkey Office Space

      Turnkey office space in the heart of Everett business community.
      431-439 Broadway #A, Everett, MA 02149
      View Details
    • $6,300/Mo

      Everett Square Commercial Space

      Prime location in Everett Square, suitable for various businesses.
      13 Chelsea, Everett, MA 02149
      View Details
    • Contact for pricing

      Everett Office Space on Broadway

      First-floor office unit in Everett's business community for lease.
      571 Broadway, Everett, MA 02149
      View Details
    • Contact for pricing

      Retail Space Ready For Lease

      Approximately 1000 sqft retail space available for lease.
      196 Elm St B, Everett, MA 02149
      View Details
    • Contact for pricing

      Everett Warehouse/Office Space Available

      7,354 SF warehouse/office space for lease in Everett.
      147 Broadway, Everett, MA 02149
      View Details
    • $1,100/Mo

      Professional Office Space on Broadway

      Office space with great visibility and modern features for rent.
      369 Broadway #205, Everett, MA 02149
      View Details
    • $1,400/Mo

      Broadway Everett Office Space

      Versatile office suite in a convenient, accessible location.
      563 Broadway #B2, Everett, MA 02149
      View Details
    • $4,200/Mo

      Everett Office Space on Broadway

      Well-maintained 1,500 sq ft office unit for lease.
      571 Broadway, Everett, MA 02149
      View Details
    • $500/Mo

      Office Space For Rent

      Office space for rent on heavily populated Everett street.
      425A Broadway #4A, Everett, MA 02149
      View Details

    FAQs

    What type of property is this?
    Office units - Eclectic office space with utilities included in a modern building.
    Where is this office units located?
    The property is located at 369 Broadway #102 Everett, MA.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: All utilities included; Unique space: Formerly jail cell room of old police station; Excellent layout with private office area and storage
    We can help!
    Listing Contact
    AD Advisors Team
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    369 Broadway #102, Everett, MA 02149
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!