Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    436 Broadway Methuen, MA 1844

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    92,646 SF shopping center in a high-traffic retail corridor.

    Type:Retail
    Property size:
    92,646 SF
    Added:
    Jun 23, 2020
    Days on Market:
    2127
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 436 Broadway

    General Information

    Standard status
    Active
    Size
    92,646 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1982

    Spaces For Lease

    at 436 Broadway Contact us

    We can help!

    Listing Contact
    Chris McMahon
    Chris McMahon

    Listing agent Chris McMahon License #MA 9521925

    Listing office Summit Realty Partners

    Listing date Jun 23, 2020

    Source Crexi

    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 Summit Realty Partners

    Overview

    Methuen Shopping Center Retail Space

    The Village Mall is a 92,646 square foot shopping center situated in a heavily traveled retail corridor in Methuen, Massachusetts. The center is anchored by a diverse tenant mix, including All Else Fit Club, Ellie’s Farmhouse Restaurant, and Dollar Tree. Adjacent to the Texas Roadhouse Restaurant, the property benefits from excellent visibility and access, with a fully lighted intersection experiencing over 50,000 vehicles per day. Centrally located at the intersection of Routes 28, 93, and 213, the shopping center borders Salem, New Hampshire’s primary shopping area. The Village Mall is near the Mall at Rockingham Park, the new Tuscan Village Development, Lowe’s, Home Depot, Market Basket, Best Buy, Target, and a variety of other top-tier retailers. The landlord possesses a fully permitted 2,200 square foot pad site with drive-thru.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ellie’s Farmhouse Restaurant Niraja Patel Dental Office Blush Salon & Spa Hair Salon Amazing Family Dental Dental Office ATM Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Village mall — 436 Broadway, Methuen, MA 01844
    • Salem Village — 517 S Broadway, Salem, NH 03079
    • Salem — 447 S Broadway, Salem, NH 03079

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1961788
    Latitude
    42.7361359

    Nearby Similar for Lease

    • Contact for pricing

      High-Visibility Commercial Unit in Methuen

      1300 sq ft commercial space on a bustling corridor.
      127 Lowell St unit: 127, Methuen, MA 01844
      View Details
    • Contact for pricing

      Methuen Commercial Suite For Lease

      Well-located 1,400 SF commercial suite ideal for various uses.
      105 Haverhill St unit: 1, Methuen, MA 01844
      View Details
    • Contact for pricing

      High-Visibility Commercial Unit in Methuen

      Flexible 1,300 sq ft commercial space with highway access.
      129 Lowell Street unit: 129, Methuen, MA 01844
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for rent in Methuen, Massachusetts.
      30R Hampshire Street, Methuen, MA 01844
      View Details
    • Contact for pricing

      High-Visibility Commercial Unit For Rent

      1,300 sq ft commercial unit on a bustling main corridor.
      127 Lowell St 127, Methuen Town, MA 01844
      View Details
    • Contact for pricing

      Methuen Office Space for Lease

      1,000 sq ft office space in high-traffic Methuen location.
      460 Broadway, Methuen, MA 01844
      View Details
    • $20/mo

      Well-Designed Medical Office Condominium

      Functional medical office condo with exam rooms and private offices.
      380 Merrimack St #2C, Methuen, MA 01844
      View Details
    • Contact for pricing

      Commercial Space for Rent

      Commercial/retail space suitable for salon, retail, office, or other uses.
      23 Lowell St, Methuen, MA 01844
      View Details
    • Contact for pricing

      Spacious Office with Workshop Space

      Move-in ready office with workshop in historic Methuen Mill.
      30R Hampshire, Methuen, MA 01844
      View Details
    • Contact for pricing

      Versatile Commercial Office/Retail Condo

      High-visibility condo suited for offices, retail, or medical use.
      5 Wallace St #U4, Methuen, MA 01844
      View Details
    • Contact for pricing

      Methuen First-Floor Commercial Suite

      Well-located 1,400 SF commercial suite ideal for various businesses.
      105 Haverhill Street, Methuen, MA 01844
      View Details
    • Contact for pricing

      New Industrial Space Available

      New industrial space for lease with flexible subdivision options.
      46 Old Ferry Rd, Methuen, MA 01844
      View Details

    FAQs

    What type of property is this?
    Shopping center - 92,646 SF shopping center in a high-traffic retail corridor.
    Where is this shopping center located?
    The property is located at 436 Broadway Methuen, MA.
    What are key features of this property?
    This property features: High‑traffic location with over 50,000 vehicles per day at a fully lighted intersection.; Anchored by a diverse tenant mix including All Else Fit Club, Ellie’s Farmhouse Restaurant and Dollar Tree.; Excellent visibility and access adjacent to Texas Roadhouse Restaurant.
    (781) 361-9025 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris McMahon
    Chris McMahon
    Real Estate License ID: MA 9521925
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!