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    Property profile & analytics

    271 Broadway Methuen, MA 01844-6826

    • Investment properties
    • 8,992 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $1,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0100271
    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

    • Degre Chiropractic, LLC / Alternative Medicine Practice
    • Mario Star Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • AC Lead Inspection Services / Home Inspector
    • Marbella Park Place / Apartment Building
    • MavicStudios Photography / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 271 Broadway

    Year built
    1879
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    8,992 SF
    Zone code
    CBD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    METH M:00612 B:00053 L:00001
    APU
    METHM00612B00053L00001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,284,000
      Market price range: $1.09M - $2.16M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,650,000
      Current use
      RETAIL STORES
      $2,000,000
      Change: +21% Conversion: Easy
      OFFICE BUILDING
      $1,525,000
      Change: -8% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,470,000
      Change: -11% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.187
    Latitude
    42.7276
    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
    $0.00
    $130,900
    $824,400
    $955,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,045,000
      9,528 SF

      226 Hampshire St, Unit 228

      OFFICE/RESIDENTIAL (MIXED USE) • 9,528 SF
      226 Hampshire St, Methuen, MA 01844-2027
      View Details
    • Value Estimation by Request
      0.23 Acres

      17 Pelham St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.23 Acres
      17 Pelham St, Methuen, MA 01844-2905
      View Details
    • Value Estimation
      $1,010,000
      6,005 SF

      181 Swan St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,005 SF
      181 Swan St, Methuen, MA 01844-5972
      View Details
    • Value Estimation
      $525,000
      2,520 SF

      51 Walton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,520 SF
      51 Walton Ave, Methuen, MA 01844-6463
      View Details
    • Value Estimation
      $1,370,000
      8,791 SF

      78-80 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 8,791 SF
      78-80 Broadway, Methuen, MA 01844
      View Details
    • Value Estimation by Request
      2,626 SF

      36 Hampshire St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,626 SF
      36 Hampshire St, Methuen, MA 01844
      View Details

    Similar Nearby for Sale

    • $775,000

      Mixed-Use Property Near Route 28

      Three-unit property with residential and commercial spaces, convenient location.
      69 Broadway, Methuen, MA 01844
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    • $775,000

      Mixed-Use Property with Income Potential

      Three-unit property with residential and commercial spaces near major routes.
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      Renovated Multi-Unit Investment Opportunity

      Fully renovated 3-unit home with modern finishes and strong income potential.
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    • $2,800,000
      9,399 SF

      Methuen Multifamily Investment Opportunity

      12-unit apartment building near I-93 with value-add potential.
      80 Lowell St, Methuen, MA 01844
      View Details
    • Contact for pricing

      15 Acres Limited Industrial Land

      15 acres of industrial land near shopping and highways.
      Old Ferry Rd, Methuen, MA 01844
      View Details
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      Well-Kept Two-Family Home

      Updated two-family home with modern amenities and spacious driveway.
      6-8 Almont St, Methuen, MA 01844
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    Similar Nearby for Lease

    • Contact for pricing

      Downtown Methuen Office Space Available

      Centrally located office space in downtown Methuen for rent.
      5 Pleasant St, Methuen, MA 01844
      View Details
    • Contact for pricing
      2,200 SF

      Office and Warehouse Space Available

      Two-story office and warehouse space in Valley Office Park.
      13 Branch St, Methuen, MA 01844
      View Details
    • Contact for pricing
      1,400 SF

      Well-Located Commercial Suite For Rent

      First-floor commercial suite with high visibility and ample parking.
      105 Haverhill St, Methuen, MA 01844
      View Details
    • Contact for pricing
      332 SF

      Furnished Office Space in Methuen

      Furnished office space available for rent in Methuen, MA.
      126-A Pleasant Valley St, Methuen, MA 01844
      View Details
    • Contact for pricing

      Medical Office Space Available

      Cutting-edge medical space for lease in Merrimack Valley.
      5 Branch St, Methuen, MA 01844
      View Details
    • Contact for pricing

      Drive-In Drive-Out Bay Warehouse

      Warehouse space featuring drive-in/drive-out bay, radiant heat, and keypad entry.
      15 Mcgrath Rd, Methuen, MA 01844
      View Details
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    271 Broadway
    Methuen, MA 01844-6826
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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