Office Suite with Private
New
For Sale
Contact for pricing
459 Broadway Unit 204, Everett, MA 02149
A second-floor workspace offers elevator access, central air conditioning, and a five-office layout.
Property Size1,650 SF
Price / SF$1.94
Days on Market5
Property Features for 459 Broadway Unit 204
General Information
Standard status
Active
Size
1,650 SF
Elevators
Yes
Property subtype
Commercial
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Floor
2
Office Units
1
Amenities
central air conditioning
Building Details
Year Built
1930
Listing Agency:
EVO Real Estate Group, LLC
(617) 517-9755
Listed By:
Cristofer Aguirre
(617) 866-7435
Source:
Lockandkeyre
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 2:23PM
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 EVO Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
This 1,650-square-foot office suite occupies the second floor of an elevator-equipped building at 459 Broadway. Its layout includes five private offices, and the space has central air conditioning. The building dates to 1930.
Broadway provides access to nearby businesses, restaurants, public transportation, and routes toward Boston. Real estate taxes, building insurance, and water are included in the rent; the tenant pays for electricity.
Broadway provides access to nearby businesses, restaurants, public transportation, and routes toward Boston. Real estate taxes, building insurance, and water are included in the rent; the tenant pays for electricity.
Key Highlights
- Approximately 1,650 square feet on the second floor
- Five private offices
- Elevator‑equipped building with central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,355
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,100
$1.0M
Cap Rate 7%
$747,929
$747.9K
Cap Rate 9%
$581,722
$581.7K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$89.5K $54.24/SF
− Vacancy
−$19.7K −$11.93/SF
EGI
$69.8K $42.31/SF
− OpEx
−$17.5K −$10.58/SF
NOI
$52.4K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,100
Cap Rate 7%
$747,929
Cap Rate 9%
$581,722
Alternative Uses
Best Use
Office B
$747.9K
$654.4K – $872.6K
NOI $52,355 @ 7.0% cap · market cap 1,636.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$976.8K
$854.7K – $1.14M
NOI $68,376 @ 7.0% cap · market cap 2,136.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,971
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - A second-floor workspace offers elevator access, central air conditioning, and a five-office layout.
Where is this office units located?
The property is located at 459 Broadway Unit 204 Everett, MA.
What are key features of this property?
This property features: Approximately 1,650 square feet on the second floor; Five private offices; Elevator‑equipped building with central air conditioning
