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Property profile & analytics
FOR LEASE
Manufacturing properties
220 Broadway, Everett, MA 02149
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0519318
For Lease
1 / 3
$3,480,000
220 Broadway, Everett, MA 02149
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1940
Construction
CONCRETE
Total area
21,204 SF
Lot
0.58 ac (25,217 SF)
Zoning code
LB-R
APN
EVER M:H0 B:02 L:00057A
UPID
US38-0519318
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.18M
CAP Approach
CAP
$3.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.48M
Owner & transaction history
Jc Botolph LLC · 3 yrs held
Jc Botolph LLC
since 2022
Last sale
$3.6M
4 recorded transactions
Zoning & alternative use
LB-R · Everett, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.7M
+75.6%
Apartment house (5+ units)
$4.9M
+50.1%
Office building
$4.6M
+42.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Everett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Everett submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,115,000
ML approach
$3,175,000
CAP Approach
CAP Return
Estimation
6%
$3,760,000
6.5%
$3,470,000
7%
$3,220,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,255,000
Current use
RETAIL STORES
$5,715,000
Change: +76% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,885,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$4,640,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,410,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±10% · vs last sale $3.64M (Nov 10 2022)
Last sale anchor
$3.64M
Nov 10 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$164 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$42,746
Tax year 2024
Assessed value
$1,781,100
Assessed 2024
Previous assessed
$1,781,100
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$1,204,500
Assessed improvement
$576,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1940
Construction
CONCRETE
Heating
SPACE
Buildings
1
Stories
3
Units
1
Bathrooms
6
Total area
21,204 SF
Lot
0.58 ac (25,217 SF)
Zoning code
LB-R
APN
EVER M:H0 B:02 L:00057A
UPID
US38-0519318
Jurisdiction
EVERETT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LB-R · Everett, MA
Zoning LB-R · permitted uses
LB-R · Everett, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Everett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
RETAIL STORES
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Construction
CONCRETE
Heating
SPACE
Stories
3
Buildings
1
Units
1
Bathrooms
6
Lot
0.58 ac
Current owner
From public records · entity-resolved
Jc Botolph LLC
Entity
Mailing address
44 BEARFOOT RD, NORTHBOROUGH, MA 01532-1559
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2022
$3,635,000
Jc Botolph LLC
Seawind Reatly LLC
Quit Claim Arm's Length For Ne States
—
Feb 2, 2016
—
Seawind Realty LLC
Seawind Realty Trust 2
Quit Claim Deed
related
—
Dec 20, 2006
$1
Seawind RT
Karess,myron D
Grant Deed
—
Jul 7, 2005
—
Seawind RT
—
Deed Of Trust
related
$105,000 · Sovereign Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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