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

    80-90 American Legion Hwy Revere, MA 02151

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $30 SF/Yr

    Highly visible building suitable for various commercial uses.

    Property Features for 80-90 American Legion Hwy

    General Information

    Standard status
    Active

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Mary Powers
    Source: Corcoran

    Listing Agency: Powers & Company Listing Agent: Mary Powers

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

    Learn more

    Overview

    Versatile Building with Redevelopment Potential

    This highly visible property, easily accessible, is suitable for medical, retail, office, and specialty users. A ground lease is available for redevelopment, or the existing two-story building, currently in excellent condition, can be utilized. The building formerly housed an Italian Deli and a Dunkin Donuts, and includes event space upstairs. Most recently, it has been leased to attorneys and a real estate office.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Revere
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0026632
    Latitude
    42.4112279

    Nearby Similar for Lease

    • New
      Contact for pricing

      50 Salt St

      Beachmont Square at Suffolk Downs
      50 Salt St, Revere, MA 02151
      View Details
    • $10,500 /Mo
      15,416 SF

      Revere Commercial Building For Rent

      Commercial building in prime location suitable for car repair/dealership.
      891 N Shore Rd, Revere, MA 02151
      View Details
    • Contact for pricing
      3,776 SF

      Retail Space Near Suffolk Downs

      3,776 SF retail space near future Suffolk Downs redevelopment.
      36-40 Furlong Dr, Revere, MA 02151
      View Details
    • Contact for pricing
      1,603 SF

      Retail Space Near Suffolk Downs

      Retail space available near Suffolk Downs redevelopment project.
      31 Furlong Dr, Revere, MA 02151
      View Details
    • Contact for pricing

      Two-Story Retail/Office Building Available

      3,800 SF free-standing building suitable for retail, office, restaurant.
      Revere, MA 02151
      View Details
    • Contact for pricing
      2,010 SF

      Retail Space in High-Traffic Plaza

      Retail spaces available in Revere, near major retailers.
      7 Everett St, Revere, MA 02151
      View Details
    • Contact for pricing
      1,414 SF

      Retail Space in Revere Plaza

      Retail spaces available in high-visibility Revere shopping center.
      3 Everett St, Revere, MA 02151
      View Details
    • Contact for pricing
      963 SF

      Retail Space in Mixed-Use Development

      Retail space available in new mixed-use development in Revere.
      50 Salt St, Revere, MA
      View Details
    • Contact for pricing
      2,640 SF

      Retail Space in Mixed-Use Development

      Retail space available in new mixed-use development.
      100 Salt St, Revere, MA
      View Details
    • $4,000 /Mo

      Street-Level Office/Retail Space Available

      Open office/retail space in Revere's Business District, available 2025.
      8 Pleasant St, Revere, MA 02151
      View Details
    • Contact for pricing

      Prime Retail Location in Revere

      Retail space for rent near Revere City Hall.
      284 Broadway, Revere, MA 02151
      View Details
    • Contact for pricing

      Connected Coastal Commercial Space

      Accessible commercial space near public transport and major developments.
      300 Ocean Ave, Revere, MA 02151
      View Details

    FAQs

    What type of property is this?
    Retail space - Highly visible building suitable for various commercial uses.
    Where is this retail space located?
    The property is located at 80-90 American Legion Hwy Revere, MA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible location with easy access.; - Suitable for medical, retail, office, and specialty users.; - Ground lease available for redevelopment.
    (617) 694-6922
    Request Owner's contact information
    80-90 American Legion Hwy Revere, MA 02151
    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.
    80-90 American Legion Hwy
    Revere, MA 02151
    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
    80-90 American Legion Hwy Revere, MA 02151
    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
    Mary Powers
    (617) 694-6922
    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!