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    Property profile & analytics

    117 Broadway Arlington, MA 02474-5434

    • Investment properties
    • 18,335 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $1,110,000
    Last Sale
    Mar 03, 2020
    $995,000
    Location Intelligence
    Property ID
    US38-1486794
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Arlington EATS / Non-Profit Organization / Association / Organization

    Property Details for 117 Broadway

    Year built
    2020
    Construction
    STEEL FRAME
    Lot size
    0.25 lot acres
    Property size
    18,335 SF
    Zone code
    B4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    ARLI M:038.0 B:0002 L:0009
    APU
    ARLIM0380B0002L0009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,130,000
      6.5%
      $1,010,000
      7%
      $940,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $855,000
      Geo Method
      $910,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,175,000
      Retail
      $1,135,000
      Mixed-Use
      $1,175,000
      Hospitality
      $1,040,000
      Educational
      $1,155,000
      Residential Income
      $1,100,000
      Energy
      $1,185,000
      Income-Based Land
      $1,000,000
      Food Service
      $940,000

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1404
    Latitude
    42.4104
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $44,640
    $1,148,000
    $3,067,300
    $4,215,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      17,667 SF

      271 Massachusetts Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 17,667 SF
      271 Massachusetts Ave, Arlington, MA 02474-8333
      View Details
    • Value Estimation by Request
      3,703 SF

      244 Massachusetts Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,703 SF
      244 Massachusetts Ave, Arlington, MA 02474-6945
      View Details
    • Value Estimation by Request
      3,634 SF

      294-298 Massachusetts Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,634 SF
      294-298 Massachusetts Ave, Arlington, MA 02474
      View Details
    • Value Estimation by Request
      4,757 SF

      400-402 Massachusetts Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,757 SF
      400-402 Massachusetts Ave, Arlington, MA 02474
      View Details
    • Value Estimation by Request
      4,350 SF

      58-60 Massachusetts Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,350 SF
      58-60 Massachusetts Ave, Arlington, MA 02474
      View Details
    • Value Estimation
      $1,240,000
      3,485 SF

      355 Massachusetts Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,485 SF
      355 Massachusetts Ave, Arlington, MA 02474-6719
      View Details

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    Similar Nearby for Lease

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      Modernized office rentals with flexible floor plans and private access.
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    Request Owner's contact information
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    117 Broadway
    Arlington, MA 02474-5434
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    Realmo Value Estimation

    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.

    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.

    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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