Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3 Furlong Dr Revere, MA 02151-4005

    • Warehouses
    • 17,098 SF
    • 8.50 lot acres
    OFF-MARKET
    Value Estimations
    $2,025,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1026530
    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

    • Warehouses

    Property Details for 3 Furlong Dr

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    8.50 lot acres
    Property size
    17,098 SF
    Zone code
    TED
    Property type
    Warehouses
    APN
    REVE M:6 B:120B L:16A
    APU
    REVEM6B120BL16A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,640,000
      OFFICE BUILDING
      $2,445,000
      RETAIL STORES
      $2,285,000
      AUTO REPAIR, GARAGE
      $2,100,000
      COMMERCIAL (GENERAL)
      $2,090,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,540,000
      APARTMENT HOUSE (5+ UNITS)
      $1,305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Revere
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0034
    Latitude
    42.4005
    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
    $231,604
    $11,107,800
    $1,688,000
    $12,795,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $525,000
      4,000 SF

      Railroad Ave

      WAREHOUSE, STORAGE • 4,000 SF
      Railroad Ave, Revere, MA 02151
      View Details
    • Value Estimation
      $6,810,000
      29,736 SF

      186th Lee Burbank Hwy

      WAREHOUSE, STORAGE • 29,736 SF
      186th Lee Burbank Hwy, Revere, MA 02151-4000
      View Details
    • Value Estimation by Request
      846,720 SF

      135 American Legion Hwy

      WAREHOUSE, STORAGE • 846,720 SF
      135 American Legion Hwy, Revere, MA 02151-2405
      View Details
    • Value Estimation
      $3,775,000
      42,120 SF

      60 Railroad Ave, Unit 134

      MANUFACTURING (LIGHT) • 42,120 SF
      60 Railroad Ave, Revere, MA 02151-3902
      View Details
    • Value Estimation by Request

      2 Ocean Ave

      INDUSTRIAL (GENERAL)
      2 Ocean Ave, Revere, MA 02151-3641
      View Details
    • Value Estimation
      $645,000
      6,408 SF

      164 Shirley Ave

      MANUFACTURING (LIGHT) • 6,408 SF
      164 Shirley Ave, Revere, MA 02151
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,457 SF

      Revere Warehouse Space Available

      6,457 SF warehouse space for sale in Revere.
      585 N Shore Rd, Revere, MA 02151
      View Details
    • $1,799,900
      0.19 Acres

      Revere Commercial Development Opportunity

      Prime Revere location, high development potential.
      Broadway, Revere, MA 02151
      View Details
    • Contact for pricing

      Turnkey Restaurant Investment Opportunity

      Fully operational restaurant with liquor license on a high-traffic corridor.
      653A Broadway, Revere, MA 02151
      View Details
    • $165,000

      Commercial Condo in Mixed-Use Building

      Basement-level commercial condominium suitable for office or personal services.
      133 Salem St, Revere, MA 02151
      View Details
    • $49,000

      Land Near Revere Beach

      5,227 sqft land opportunity near Revere Beach.
      103 Glendale St, Revere, MA 02151
      View Details
    • New
      $890,000
      2,172 SF

      Revere Multi-Family Home

      Well-maintained multi-family home near Revere Beach.
      14 Bay Rd, Revere, MA 02151
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      366,425 SF

      Revere Warehouse Space Available

      366,425 SF warehouse space for lease in Revere.
      101 Lee Burbank Hwy, Revere, MA 02151
      View Details
    • Contact for pricing
      350 SF

      Renovated Office Space Available Now

      Newly renovated first-floor office suite with street-level access.
      753 Winthrop Ave, Revere, MA 02151
      View Details
    • Contact for pricing

      First Floor Office Space Available

      Office space for rent with included utilities and conference room.
      199 Revere St, Revere, MA 02151
      View Details
    • Contact for pricing
      1,603 SF

      Retail Space Near Suffolk Downs

      Retail space available near Suffolk Downs redevelopment project.
      31 Furlong Dr, Revere, MA 02151
      View Details
    • Contact for pricing
      3,776 SF

      Retail Space Near Suffolk Downs

      3,776 SF retail space near future Suffolk Downs redevelopment.
      36-40 Furlong Dr, Revere, MA 02151
      View Details
    • Contact for pricing

      Retail Space with Nail Salon Setup

      Retail space with existing nail salon setup and basement.
      315 Park Ave, Revere, MA 02151
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3 Furlong Dr
    Revere, MA 02151-4005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!