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    Property profile & analytics

    230 Lee Burbank Hwy Revere, MA 02151-4062

    • Hotels
    • 131,972 SF
    • 5.34 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 12, 2024
    $61,741,000
    Location Intelligence
    Property ID
    US38-0348216
    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

    • Hotels

    Property Details for 230 Lee Burbank Hwy

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    5.34 lot acres
    Property size
    131,972 SF
    Zone code
    TED
    Property type
    Hotels
    APN
    REVE M:6 B:120A1 L:9A
    APU
    REVEM6B120A1L9A

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Revere
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0061
    Latitude
    42.4015
    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
    $536,187
    $7,434,100
    $22,189,500
    $29,623,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      115,695 SF

      85 American Legion Hwy

      HOTEL • 115,695 SF
      85 American Legion Hwy, Revere, MA 02151-5920
      View Details
    • Value Estimation by Request
      79,265 SF

      245 Revere Bch Pkwy

      HOTEL • 79,265 SF
      245 Revere Bch Pkwy, Revere, MA 02151
      View Details
    • Value Estimation by Request
      91,088 SF

      407 Squire Rd

      HOTEL • 91,088 SF
      407 Squire Rd, Revere, MA 02151-4320
      View Details
    • Value Estimation by Request
      49,298 SF

      405 American Legion Hwy

      HOTEL • 49,298 SF
      405 American Legion Hwy, Revere, MA 02151-4444
      View Details
    • Value Estimation by Request
      89,562 SF

      100 Morris St

      HOTEL • 89,562 SF
      100 Morris St, Revere, MA 02151-1017
      View Details
    • Value Estimation by Request
      126,484 SF

      400 Ocean Ave

      HOTEL • 126,484 SF
      400 Ocean Ave, Revere, MA 02151-6200
      View Details

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    Similar Nearby for Lease

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      Retail spaces available in high-visibility Revere shopping center.
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      Prime Revere Beach Retail/Office Space

      New construction retail/office space near public transportation and major highways.
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      Retail Space in Revere

      9,306 SF retail space available for rent.
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      Two-Story Retail/Office Building Available

      3,800 SF free-standing building suitable for retail, office, restaurant.
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    Property Visit Statistics

    • Visits by month
      27.2k
    • Visitors by month
      16.4k
    • Avg Time on site
      297 min
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    230 Lee Burbank Hwy
    Revere, MA 02151-4062
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    Realmo Value Estimation

    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.

    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.

    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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