Mixed-Use Property with
For Sale
$649,000
835 North Shore Road, Revere, MA 02151
Vacant ground-floor retail space paired with a two-bedroom apartment near Revere Beach and public transportation.
Property Size2,065 SF
Price / SF$314.29
Days on Market67
Property Features for 835 North Shore Road
General Information
Standard status
Active
Size
2,065 SF
Property subtype
Commercial
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Maria Fabiano Realty
Listed By:
Maria Fabiano
Source:
Stevebremis
Added: Jun 25
Changed: Aug 29
Last Checked: Jul 29 at 7:34AM
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 Maria Fabiano Realty
Investment Insights
Based on property information with market context.
Built in 1900, this 2,065-square-foot mixed-use property combines a vacant commercial storefront on the ground floor with a residential apartment above. The apartment includes two bedrooms and one bathroom, while the commercial portion exceeds the residential area and supports commercial-loan or cash financing requirements.
The property is located at 835 North Shore Road in Revere, one block from Revere Beach. Kelly's Roast Beef, restaurants, shopping, public transportation, and major commuter routes are nearby. Buyer due diligence is required regarding current and future use.
The property is located at 835 North Shore Road in Revere, one block from Revere Beach. Kelly's Roast Beef, restaurants, shopping, public transportation, and major commuter routes are nearby. Buyer due diligence is required regarding current and future use.
Key Highlights
- 2,065‑square‑foot mixed‑use property built in 1900
- Ground‑floor vacant commercial storefront
- Second‑floor 2‑bedroom, 1‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,373
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$807,460
$807.5K
Cap Rate 7%
$576,757
$576.8K
Cap Rate 9%
$448,589
$448.6K
Market Conditions
NOI Build-Up for 2,065 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.0K $30.00/SF
− Vacancy
−$4.3K −$2.07/SF
EGI
$57.7K $27.93/SF
− OpEx
−$17.3K −$8.38/SF
NOI
$40.4K $19.55/SF
Area
Suffolk County, MA
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$807,460
Cap Rate 7%
$576,757
Cap Rate 9%
$448,589
Alternative Uses
Best Use
Retail
$576.8K
$504.7K – $672.9K
NOI $40,373 @ 7.0% cap · market cap 6.22%
Second Best
Mixed Use
$412.0K
$360.5K – $480.6K
NOI $28,838 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,573 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 02151, MA
62,252
Population
23,461
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
10,921
Density / Sq Mi
$80,948
Median Household Income
$43,374
Median Earnings
$1,964
Median Rent
$566,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant ground-floor retail space paired with a two-bedroom apartment near Revere Beach and public transportation.
Where is this mixed-use property located?
The property is located at 835 North Shore Road Revere, MA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2,065‑square‑foot mixed‑use property built in 1900; Ground‑floor vacant commercial storefront; Second‑floor 2‑bedroom, 1‑bath apartment
