Property profile

186th Lee Burbank Hwy Revere, MA 02151

OFF-MARKET
Warehouses
Property ID
US38-1726518
29,736 SF 1.2 ac lot Built 1970
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1970
Construction STEEL FRAME
Total area 29,736 SF
Lot 1.2 ac (52,272 SF)
Zoning code TED
APN REVE M:6 B:120A1 L:8
UPID US38-1726518

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

186th Lee Burbank Hwy Revere, MA 02151-4000
Revere metro Census 981502 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.35M
CAP Approach CAP
$5.91M
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.60M

Owner & transaction history

since 2022
Last sale
$7.6M
2 recorded transactions
2022
$7.6M
1997
$750,000

Zoning & alternative use

TED · Revere, MA
Zoning description

TED district; or (2) erected, constructed, placed, altered, converted or otherwise changed without the issuance of a special permit issued by the city council; or (3) erected, constructed, placed, altered or converted if…

General category INDUSTRIAL
Top alternative use upside
Restaurant $4.6M +296.7%
Office building $4.3M +267.0%

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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