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    Property profile & analytics

    1268 Broadway Saugus, MA 01906-4709

    • Retail space
    • 7,960 SF
    • 0.76 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2025
    $1,700,000
    Value Estimations
    $1,570,000
    Show details
    Cap Rate Potential
    8.4%
    Retail space
    Location Intelligence
    Property ID
    US38-0766970
    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

    • The UPS Store / Packaging Supply Store / Print Shop
    • Pride Fence / General Contractor
    • Famiglia Fornaciari Wood Fired Pizza / Pizza Restaurant / Delivery Restaurant
    • Jesus Center of Good News / Church
    • Shred Nations / Shredding Service / Business To Business Service

    Property Details for 1268 Broadway

    Year built
    1970
    Lot size
    0.76 lot acres
    Property size
    7,960 SF
    Zone code
    NA
    Property type
    Retail space
    APN
    SAUG M:006-D B:0003 L:0002
    APU
    SAUGM006DB0003L0002

    Description

    This exceptional 3,500-square-foot industrial warehouse/flex space is ideally situated at 1268 Broadway in Saugus, Massachusetts, zip code 01906. The single-tenant property offers convenient access to Route 1 and major highways leading to and from Boston, making it an excellent location for businesses requiring easy transportation links. The warehouse boasts a 10-foot ceiling height and a 9-foot-high garage bay door, providing ample space for storage and vehicle access. Ample parking is available on-site. This property is perfect for contractors, plumbers, electricians, and other trades needing secure storage for equipment. While suitable for storage, prospective tenants intending to use the space as a contractor's bay should note that a bathroom installation will be required to meet local business regulations. This well-located property presents a unique opportunity for businesses seeking a readily accessible and efficient storage solution in a prime Saugus location. The property is classified as industrial with a warehouse/flex subtype.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,560,000
      ML approach
      $1,680,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,370,000
      6.5%
      $2,185,000
      7%
      $2,030,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,482,000
      Market price range: $1.10M - $2.62M
      AI Estimate
      $969,000
      Market price range: $443k - $1.89M

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

    Location Insight

    • Map
    • Local Demand
    City
    Saugus
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0229
    Latitude
    42.4552
    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
    $33,157
    $623,500
    $880,200
    $1,503,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,235,000
      135,440 SF

      564th Broadway

      RETAIL STORES (PERSONAL SERVICES) • 135,440 SF
      564th Broadway, Saugus, MA 01906-1904
      View Details
    • Value Estimation
      $695,000
      15,600 SF

      636 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 15,600 SF
      636 Broadway, Saugus, MA 01906-3201
      View Details
    • Value Estimation
      $510,000
      9,126 SF

      474 Lincoln Ave, Unit 484

      RETAIL STORES (PERSONAL SERVICES) • 9,126 SF
      474 Lincoln Ave, Saugus, MA 01906-3769
      View Details
    • Value Estimation
      $3,345,000
      1,125 SF

      518 Lincoln Ave, Unit 520

      RETAIL STORES (PERSONAL SERVICES) • 1,125 SF
      518 Lincoln Ave, Saugus, MA 01906-3849
      View Details
    • Value Estimation
      $590,000
      1,685 SF

      409 Lynn Fells Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 1,685 SF
      409 Lynn Fells Pkwy, Saugus, MA 01906-3130
      View Details
    • Value Estimation
      $14,080,000
      22,637 SF

      166 Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 22,637 SF
      166 Walnut St, Saugus, MA 01906-1994
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      2,900 SF

      Retail/Restaurant Space on Route 1

      2,900 SF retail/restaurant space with Route 1 visibility.
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      Pad/Ground Lease opportunity at Walnut Place on Rt-1.
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    • $39 SF/Yr
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      Prime Retail Space on Broadway

      High-visibility retail space for lease on Route 1.
      1565-1575 Broadway, Saugus, MA 01906
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      Prime Retail Space on Broadway

      Highly visible 1,618 SF retail opportunity on Route One.
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      Retail Space in Saugus Center

      Retail spaces available in well-located Saugus shopping center.
      327-355 Broadway, Saugus, MA 01906
      View Details
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    1268 Broadway
    Saugus, MA 01906-4709
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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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