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    334 Broadway Saugus, MA 01906
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    Property profile & analytics

    334 Broadway Saugus, MA 01906

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    • Retail properties & Spaces
    • 87,044 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shops at Saugus / Shopping Center & Mall
    • Harrow Poultry Product Co / Poultry Farm

    Property Details for 334 Broadway

    Property size
    87,044 SF
    Property type
    Retail properties & Spaces

    Description

    The Shops at Saugus, located at 334 Broadway in Saugus, Massachusetts (zip code 01906), presents a significant retail opportunity. This multi-tenant shopping center boasts a total of 87,044 square feet of leasable space, making it an ideal location for businesses seeking high visibility and strong foot traffic. Situated in Essex County, the property benefits from its strategic location within the vibrant Saugus community. The address is easily accessible, offering convenient access for both customers and employees. The property's classification as a shopping center indicates a well-established retail environment, potentially attracting a diverse range of clientele. The "Space Available For Lease" designation signifies an immediate opportunity for prospective tenants to secure a presence in this established commercial center. Interested parties are encouraged to inquire about available space and lease terms. The property's latitude and longitude coordinates are 42.48418765 and -71.01835737 respectively. This prime retail space offers a compelling investment opportunity within a thriving Massachusetts market. Further details regarding lease terms and available space are available upon request. This is a multi-tenant property, providing a diverse and established retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Saugus
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0184
    Latitude
    42.4842

    Comparable in this City

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      $7,590,000
      39,752 SF

      1000 Broadway, Unit 1020

      DEPARTMENT STORE • 39,752 SF
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    • Value Estimation
      $2,490,000
      11,912 SF

      1228 Broadway

      DEPARTMENT STORE • 11,912 SF
      1228 Broadway, Saugus, MA 01906-4194
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    • Value Estimation by Request
      6,664 SF

      564 Broadway

      Automotive properties • 6,664 SF
      564 Broadway, Saugus, MA 01906
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    • Value Estimation
      $5,930,000
      41,822 SF

      655 Broadway

      DEPARTMENT STORE • 41,822 SF
      655 Broadway, Saugus, MA 01906-3206
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    • Value Estimation by Request
      18,006 SF

      1160 Broadway

      Retail properties & Spaces • 18,006 SF
      1160 Broadway, Saugus, MA 01906
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    • Value Estimation
      $8,610,000
      67,652 SF

      444 Broadway

      DEPARTMENT STORE • 67,652 SF
      444 Broadway, Saugus, MA 01906-1995
      View Details

    Similar Nearby for Sale

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      1,517 SF

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    • $950,000
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      2,273 SF

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      6,664 SF

      Automotive Center Near Retail Hub

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    • $839,000

      Versatile Multi-Family Property For Sale

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    Similar Nearby for Lease

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      Retail Space in Saugus

      Retail space available for lease in Saugus, Massachusetts.
      400 Lynn Fells Pkwy, Saugus, MA 01906
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    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 2,000 to 3,346 SqFt.
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      Retail/Restaurant Space for Lease

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      Retail Space in Mixed-Use Development

      Retail space available in Saugus mixed-use development.
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      Retail Space on Route 1

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      2,000 SF

      Retail Space in Saugus Center

      Neighborhood strip center in the Saugus 'Golden Mile'.
      623-655 Broadway, Saugus, MA 01906
      View Details
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    334 Broadway
    Saugus, MA 01906
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    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
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