Individually Owned 
For Sale
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144 Broadway, Saugus, MA 01906
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Property summary
AI-generated overview
This exceptional investment opportunity presents a fully leased commercial property at 144 Broadway in Saugus, Massachusetts. Situated on a 0.15-acre lot, this property offers immediate and consistent income generation due to 100% occupancy. The building's prime location on Route 1 provides unparalleled visibility, ensuring maximum exposure to a high volume of passing traffic. This strategic positioning offers significant advantages for current and future tenants, contributing to the property's strong rental income. The property's design is versatile, making it suitable for a variety of businesses. The asking price is $899,000. This represents a compelling investment opportunity for those seeking a secure and profitable addition to their portfolio. The seller is motivated, and all offers will be considered. This is a rare chance to acquire a fully leased, high-traffic commercial property in a desirable location. The consistent rental income stream provides a stable foundation for long-term growth and financial security. Don't miss this chance to secure your financial future with this exceptional investment. The property's location and occupancy guarantee a strong return on investment.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Construction
FRAME
Total area
1,517 SF
Lot
0.15 ac (6,551 SF)
Zoning code
NA
APN
SAUG M:015-E B:0011 L:0003
UPID
US38-0627884
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hair Salon Nail Salon
-
Nail Salon
-
Hair Salon Nail Salon
-
Hair Salon Nail Salon
-
Spa & Massage Center Alternative Medicine Practice
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$385k
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$585k
Owner & transaction history
since 2021
Last sale
$510,000
7 recorded transactions
Zoning & alternative use
NA · Saugus, MA
Top alternative use upside
Office building
$390,000
+15.6%
Auto repair, garage
$365,000
+7.7%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 10 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$585k
Value range
$527k – $644k
±10% around blend
Estimated value / SF
$386 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$527k
blend $585k
$644k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,517 SF
Lot area
0.15 ac
Year built
1935
Stories
2
APN
SAUG M:015-E B:0011 L:0003
Zoning
NA
Assessed value
$546,900
Annual tax
$12,059
3
Income approach: direct capitalization
Partial preview
Income approach indication
$385k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$415k
@ 6.5% CAP return
$385k
@ 7% CAP return
$355k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$12,059
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$548k
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.7 mi away · 1,864 SF
3.5 mi away · 1,285 SF
4.1 mi away · 1,462 SF
5.9 mi away · 1,312 SF
7.8 mi away · 1,755 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$585k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 252 sales
$222
+73%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $386/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+16%
vs current-use indication
Auto Repair, Garage
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.30%
Selected cap rate for this retail space
Derived from the Saugus market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.30%
9.0%
NOI (est.)
$25k *
Last sale · Feb 2021
$510k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$580k
Move the market yield to see immediate price impact.
Value / SF
$382
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.80%4.30%4.80%
$22k
$590k
$522k
$467k
$25k
$656k
$580k
$519k
$27k
$722k
$638k
$571k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$455k
1.2 mi · Dec 2025 · $270/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,059
Tax year 2024
Assessed value
$546,900
Assessed 2024
Previous assessed
$546,900
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$342,300
Assessed improvement
$204,600
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1935
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Rooms
7
Bathrooms
1
Total area
1,517 SF
Lot
0.15 ac (6,551 SF)
Zoning code
NA
APN
SAUG M:015-E B:0011 L:0003
UPID
US38-0627884
Jurisdiction
SAUGUS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
NA · Saugus, MAZoning NA · permitted uses
NA · Saugus, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1935
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Rooms
7
Bathrooms
1
Lot
0.15 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Jurisdiction
Saugus, MA
Recorded code
Ownership Intelligence
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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