Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    40 Furlong Dr Revere, MA 02151
    Back to Search
    Property profile & analytics

    40 Furlong Dr Revere, MA 02151

    View on Map
    • Lifestyle centers
    • 121,320 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 40 Furlong Dr

    Year built
    2003
    Property size
    121,320 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents two available suites within The Shops at Suffolk Downs, a thriving shopping center in Revere, MA. Located at 40 Furlong Dr, this 121,320 square foot center boasts a prime location directly across from the Suffolk Downs Race Track, ensuring high visibility and foot traffic. The property sits on a substantial 28.25-acre lot and offers ample parking with 1,107 spaces. Built in 2003, the center features a diverse mix of established national and local tenants, including a Stop & Shop, a Target shadow anchor, Hibachi Grill, Milan Laser Hair Removal, Verizon Wireless, Dollar Tree, and Famous Footwear. The available suites range from a minimum of 1,603 square feet to a maximum contiguous space of 3,776 square feet, providing flexibility for various retail concepts. With a total of two suites available and 5,379 square feet of vacant space, this presents a unique chance to establish a presence in a high-performing center serving a robust local market of 425,000 people within a 5-mile radius. The property is situated in Suffolk County and offers a strong foundation for immediate success. This is an excellent opportunity to capitalize on a well-established retail center in a high-demand location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Revere
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -70.9991
    Latitude
    42.3993

    Comparable in this City

    • Value Estimation by Request
      3,658 SF

      Ocean View Ave

      Restaurants • 3,658 SF
      0 Ocean View Ave, Revere, MA 02151
      View Details
    • Value Estimation by Request
      450,000 SF

      40 Furlong Dr

      Retail properties & Spaces • 450,000 SF
      40 Furlong Dr, Revere, MA 02151
      View Details
    • Value Estimation
      $3,570,000
      21,898 SF

      147 Squire Rd

      DEPARTMENT STORE • 21,898 SF
      147 Squire Rd, Revere, MA 02151-1201
      View Details
    • Value Estimation by Request
      3,658 SF

      646 Ocean Ave

      Restaurants • 3,658 SF
      646 Ocean Ave, Revere, MA 02151
      View Details
    • Value Estimation
      $27,305,000
      121,232 SF

      5 Ward St

      DEPARTMENT STORE • 121,232 SF
      5 Ward St, Revere, MA 02151-1319
      View Details
    • Value Estimation by Request
      2.19 Acres

      Nn Shr Rd

      PARKING LOT • 2.19 Acres
      Nn Shr Rd, Revere, MA 02151
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Condo in Mixed-Use Building

      Basement-level commercial condominium with parking in a mixed-use building.
      133 Salem St, Revere, MA 02151
      View Details
    • $689,900

      Revere Commercial Space and Opportunity

      Commercial space in Revere, close to the beach and Boston.
      619 Broadway, Revere, MA 02151
      View Details
    • Contact for pricing

      Fully Occupied Retail Investment Property

      High-visibility retail property with long-term tenants on busy Squire Road.
      207 Squire Rd, Revere, MA 02151
      View Details
    • Contact for pricing

      Retail Property on Squire Road

      Fully occupied retail property on a busy Revere road.
      207 Squire Rd, Revere, MA 02151
      View Details
    • $165,000

      Commercial Condo in Mixed-Use Building

      Basement-level commercial condominium suitable for office or personal services.
      133 Salem St, Revere, MA 02151
      View Details
    • Contact for pricing

      Retail Property on Squire Road

      Fully occupied retail property with long-term tenants on busy road.
      207 Squire Rd, Revere, MA 02151
      View Details

    Similar Nearby for Lease

    • 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 02151
      View Details
    • Contact for pricing

      Shops at Suffolk Downs Center

      High-performing shopping center with diverse local and national tenants.
      40 Furlong Dr, 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
      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
      2,640 SF

      Retail Space in Mixed-Use Development

      Retail space available in new mixed-use development.
      100 Salt St, Revere, MA 02151
      View Details
    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.
    40 Furlong Dr
    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
    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
    40 Furlong Dr, 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!