Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail/Restaurant Space Near Revere Beach Title is generated by Realmo AI

    646 Ocean Ave, Revere, MA 02151

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

    Retail/restaurant spaces in luxury multifamily project near Revere Beach.

    Type:Retail, Restaurant
    Property size:
    1,948 SF
    Added:
    Feb 21, 2026
    Days on Market:
    89
    Last Refresh:
    May 12 at 11:14 pm

    Property Features for 646 Ocean Ave

    General Information

    Standard status
    Active
    Size
    1,948 SF
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 646 Ocean Ave Contact us

    We can help!

    Listing Contact
    Mary Powers

    Listing agent Mary Powers License #MA

    Listing office Atlantic Retail Boston

    Listing date Feb 21, 2026

    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 Atlantic Retail Boston

    HighLights

    • Located steps from Revere Beach.
    • Located approximately 200 yards from Wonderland T station.
    • Part of a 209‑unit luxury multifamily project.
    • Retail/Restaurant Space Available.
    • Space is 1,948 SF.
    • Revere Beach sees over 250,000 visitors annually.

    Overview

    Available are 1,948 square feet retail or restaurant spaces situated within a 209-unit luxury multifamily development. The property is located a short distance from the 3.5-mile Revere Beach and approximately 200 yards from the Wonderland T station. Revere Beach attracts over 250,000 visitors annually.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Revere
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -70.9903086
    Latitude
    42.4149802

    Nearby Similar for Lease

    • $4,750/Mo
      4,620 SF

      Revere Office/Retail Space Available

      4620 sqft office/retail space with high visibility and traffic.
      106 Squire Road #1, Revere, MA 02151
      View Details
    • $1,100/Mo
      300 SF

      Renovated Office Space Available Now

      Newly renovated first-floor office suite with street-level access.
      753 Winthrop Avenue, Revere, MA 02151
      View Details
    • $4,750/Mo
      4,620 SF

      Revere Office/Retail Space Available

      4620 sqft office/retail space with high visibility and traffic.
      106 Squire Road #1, Revere, MA 02151
      View Details
    • $4,500/Mo

      Prime Revere Beach Commercial Space

      New construction office/retail space near Revere Beach MBTA station.
      19 Dehon Street, Revere, MA 02151
      View Details
    • $1,950/Mo
      600 SF

      Retail/Office Space Available

      600 SF retail/office space with high visibility.
      30 Revere Beach Pkwy, Revere, MA 02151
      View Details
    • $625/Mo
      300 SF

      Revere Office Space For Rent

      Second floor office space with shared conference room and utilities.
      199 Revere St 3, Revere, MA 02151
      View Details
    • $1,500/Mo

      Commercial Condo in Mixed-Use Building

      Commercial condominium for lease in mixed-use building.
      133 Salem St #C1, Revere, MA 02151
      View Details
    • $625/Mo
      300 SF

      Revere Office Space For Rent

      Second-floor office space with shared conference room and utilities included.
      199 Revere Street #3, Revere, MA 02151
      View Details
    • Contact for pricing
      85,000-85,000 SF

      Beachmont Square Mixed-Use Development

      Mixed-use development with residential, commercial, retail, and restaurant spaces.
      50 Salt St, Revere, MA 02151
      View Details
    • $4,500/Mo

      Prime Revere Beach Retail/Office Space

      New construction retail/office space near Revere Beach MBTA station.
      19 Dehon Street, Revere, MA 02151
      View Details
    • $30 SF/Yr

      Versatile Commercial Building For Lease

      Highly visible, easily accessible property suitable for various commercial uses.
      80-90 American Legion Hwy, Revere, MA 02151
      View Details
    • $28 SF/Yr

      Retail Space in New Apartments

      Ground-level retail space in new luxury apartment building.
      93 Bennington St, Revere, MA 02151
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail/restaurant spaces in luxury multifamily project near Revere Beach.
    Where is this retail space located?
    The property is located at 646 Ocean Ave Revere, MA.
    What are key features of this property?
    This property features: Located steps from Revere Beach.; Located approximately 200 yards from Wonderland T station.; Part of a 209‑unit luxury multifamily project.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mary Powers
    Real Estate License ID: MA
    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
    646 Ocean Ave, Revere, MA 02151
    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!