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

    563 Broadway, Unit B2 Everett, MA 02149

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Street-level office suite suitable for various professional uses.

    Property size:
    550 SF
    Lot size:
    550 SF

    Property Features for 563 Broadway

    General Information

    Standard status
    Active
    Size
    550 SF

    Building Details

    Year built
    1972

    We can help!

    Listing Contact
    Peter Manoogian
    Source: Corcoran

    Listing Agency: Littlefield Real Estate Listing Agent: Peter Manoogian

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Everett Broadway Versatile Office Space

    Located on Broadway in Everett, this commercial unit offers a convenient location with an MBTA stop and a mailbox directly in front of the building. The street-level suite includes multiple rooms, suitable for various professional uses such as a medical office, chiropractic practice, physical therapy center, real estate agency, law firm, accounting office, or architect’s studio. The building is owner-occupied, ensuring a professional environment. The suite includes a main room measuring 17 x 10 ft, Room 2 measuring 11 x 9 ft, Room 3 measuring 11 x 10 ft, Room 4 measuring 11 x 10 ft, Room 5 measuring 9 x 5 ft, a storage room measuring 5 x 3 ft, and a bathroom measuring 5 x 3 ft. The lease terms include the first month’s rent, last month’s rent, and a $1,000 security deposit.
    Location Intelligence

    Current Use by Public Records

    Johnson Britt A DC Alternative Medicine Practice Peter A. Capodilupo DDS Dental Office Federico Laura Dental Office Tesone Paul E ... Dental Office Keenan Diane Dental Office

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0520951
    Latitude
    42.4104019

    Nearby Similar for Lease

    • Sponsored
      $13,000 /Mo

      322 Chelsea St

      322 Chelsea Street, Everett, MA Restaurant Rental Opportunity
      322 Chelsea St, Everett, MA 02149
      View Details
    • Contact for pricing
      2,749 SF

      Retail/Restaurant Space in Everett

      2,749 SF retail/restaurant space in a new residential building.
      600 Broadway, Everett, MA 02150
      View Details
    • Contact for pricing
      2,220 SF

      Retail Space Mill & Vale

      Retail space available at Mill & Vale Street intersection.
      102 Ml Rd, Everett, MA
      View Details
    • $500 /Mo

      Office Space on Everett Street

      Office space for rent on a high-traffic street.
      425A Broadway 4A, Everett, MA 02149
      View Details
    • Contact for pricing
      16,016 SF

      Automotive Space on Revere Beach

      16,016 SF automotive space on 0.36 acres for rent.
      1865 Revere Beach Pkwy, Everett, MA 02149
      View Details
    • Contact for pricing
      2,917 SF

      New Retail Space in Everett

      New mixed-use development with retail space for lease.
      202 Ml Rd, Everett, MA
      View Details
    • Contact for pricing
      5,282 SF

      Retail Space at Mill & Vale

      Retail space for rent at a prominent intersection.
      102 Ml Rd, Everett, MA 02149
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Mixed-Use Development

      New retail spaces available in Everett's mixed-use development.
      202 Ml Rd, Everett, MA 02149
      View Details
    • Contact for pricing
      6,443 SF

      Retail Space in Mixed-Use Development

      Retail space available in new Everett mixed-use development.
      484 2Nd St, Everett, MA 02149
      View Details
    • $6,000 /Mo

      Everett Warehouse Space For Rent

      5,000 sq ft warehouse space near Boston and Encore Casino.
      28 Factory St, Everett, MA 02149
      View Details
    • Contact for pricing
      780 SF

      Route 16 Visibility Office Space

      780 Sq ft office space with versatile layout for rent.
      79 Main St, Everett, MA 02149
      View Details

    FAQs

    What type of property is this?
    Office units - Street-level office suite suitable for various professional uses.
    Where is this office units located?
    The property is located at 563 Broadway, Unit B2 Everett, MA.
    What are key features of this property?
    This property features: - Prime location on Broadway in Everett with exceptional accessibility.; - MBTA stop and mailbox directly in front of the building.; - Versatile layout suitable for various professional uses (medical, legal, real estate, etc.).
    (781) 233-1401
    Request Owner's contact information
    563 Broadway, Unit B2 Everett, MA 02149
    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.
    563 Broadway, Unit B2
    Everett, MA 02149
    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
    563 Broadway, Unit B2 Everett, MA 02149
    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

    We can help!
    Listing Contact
    Peter Manoogian
    (781) 233-1401
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!