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155 Market St Everett, MA 02149-5809

OFF-MARKET Showrooms Google Maps
41,600 SF 4.24 ac lot Built 1960
Individually Owned 17-yr Hold Free & Clear
Estimated value (blended)
$5.58M
Range $5.02M – $6.13M (±10%)
Property ID US38-1335843

Property summary

AI-generated overview

This exceptional 39,584-square-foot refrigerated warehouse and distribution center is located at 155 Market Street in Everett, Massachusetts. The single-story, Class B building, constructed in 1960 and renovated in 1984, sits on a 4.236-acre lot within an established industrial district (ID) zoning. The property boasts 24 loading docks and ceiling heights ranging from 17 to 24 feet, providing ample space for efficient operations. Currently 100% occupied by nine diverse tenants, including produce, florist, grocery, and seafood distributors, this multi-tenant property offers strong, stable cash flow. Additional revenue streams are generated from a 0.75-acre outdoor storage yard and a 0.60-acre parking area. Its prime location offers easy access to major roadways, including Interstate 93, the Massachusetts Turnpike, and Route 1, as well as proximity to Logan International Airport. Uniquely, the property features approximately 300 feet of waterfront frontage on the Island End River, providing direct port access. This investment opportunity benefits from a strong market with low vacancy rates and increasing rental rates in the Everett/Chelsea submarket, further enhanced by ongoing neighborhood revitalization projects, including the nearby Encore Boston Harbor Resort & Casino and the planned Everett Docklands development. The triple-net (NNN) lease structure minimizes landlord responsibilities, making this a compelling value-add proposition for investors seeking a stable, high-performing asset in a rapidly evolving urban industrial area.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1960
Construction STEEL FRAME
Total area 41,600 SF
Lot 4.24 ac (184,503 SF)
Zoning code ID
APN EVER M:H0 B:15 L:000081
UPID US38-1335843

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
  • Big Box & Wholesale Store Food Market
  • Garden Center
  • Grocery & Convenience Store Distribution Center
  • Agricultural Supply Food Market
  • Agricultural Supply Food Market

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$5.58M

Owner & transaction history

since 2009
1 recorded transaction
2009
$1

Zoning & alternative use

ID · Everett, MA
Zoning description

Industrial District is intended to promote industrial related uses.

General category INDUSTRIAL
Top alternative use upside
Office building $9.1M +5.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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