Property profile

230 Lee Burbank Hwy Revere, MA 02151

OFF-MARKET
Hotels
Property ID
US38-0348216
131,972 SF 5.34 ac lot Built 2000
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2000
Construction STEEL FRAME
Total area 131,972 SF
Lot 5.34 ac (232,610 SF)
Zoning code TED
APN REVE M:6 B:120A1 L:9A
UPID US38-0348216

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
  • Hotel & Motel
  • Parking Lot & Garage
  • Electric Vehicle Charging Station
  • Electric Vehicle Charging Station
  • Weight Loss Service Wellness Center

Location

230 Lee Burbank Hwy Revere, MA 02151-4062
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
$61.74M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$61.74M

Owner & transaction history

since 2024
Last sale
$61.7M
4 recorded transactions
2024
$61.7M
2024
Price N/A
2016
$36.9M
2007
$38.6M

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

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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