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Property profile & analytics
FOR LEASE
Office buildings
369 Broadway 205, Everett, MA 02149
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1056009
For Lease
1 / 6
$1,600/Mo
369 Broadway,Unit 205, Everett, MA 02149
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Construction
FRAME
Total area
15,483 SF
Lot
0.16 ac (6,987 SF)
Zoning code
BD
APN
EVER M:K0 B:08 L:000143
UPID
US38-1056009
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
Current use
Occupant on record · Public records
-
Kim Hazeltine, Red Spade Realty LLC Real Estate Agency
-
YouForward Family Recreation Center Community Center
-
Centurion Legal Group - Everett Law Firm
-
Keystone Building Association / Organization
-
Fathomable Portable Toilet Rental of Everett Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.16M
Owner & transaction history
369 Broadway Holdings LLC · 4 yrs held
369 Broadway Holdings LLC
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
BD · Everett, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.6M
+5.3%
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
$2,080,000
ML approach
$2,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,390,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,565,000
Change: +5% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,220,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.16M
Range $1.94M – $2.38M · ±10% · vs last sale $2.26M (Nov 15 2021)
Last sale anchor
$2.26M
Nov 15 2021
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
$140 / 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
$51,314
Tax year 2024
Assessed value
$2,138,100
Assessed 2024
Previous assessed
$2,138,100
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$497,100
Assessed improvement
$1,641,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1925
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
9
Bathrooms
6
Total area
15,483 SF
Lot
0.16 ac (6,987 SF)
Zoning code
BD
APN
EVER M:K0 B:08 L:000143
UPID
US38-1056009
Jurisdiction
EVERETT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BD · Everett, MA
Zoning BD · permitted uses
BD · 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
OFFICE BUILDING Current
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1925
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
9
Bathrooms
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
369 Broadway Holdings LLC
Entity
Mailing address
15 ALGONQUIN RD, CHESTNUT HILL, MA 02467-1001
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2021
$2,263,000
369 Broadway Holdings LLC
89 Lyndhurst T
Quit Claim Arm's Length For Ne States
—
May 4, 2018
$2,100,000
89 Lyndhurst T
369 Broadway LLC
Quit Claim Arm's Length For Ne States
$1,601,250 · Digital FCU
Jun 2, 2014
$850,000
369 Broadway LLC
369 Broadway RT
Quit Claim Arm's Length For Ne States
$635,000 · Everett Cooperative Bank
Jan 8, 2014
—
369 Broadway RT
—
Deed Of Trust
related
$830,000 · Mansour Werfalli
Nov 27, 2013
$827,000
369 Broadway RT
Keystone Nt
Quit Claim Deed
—
Sep 10, 2007
—
Keystone Nt
—
Deed Of Trust
related
$730,000 · Everett Coop Bank
Dec 13, 2006
—
Keystone Nt
—
Deed Of Trust
related
$1,625,000 · Everett Coop Bank
Feb 12, 1999
—
Keystone Nt
—
Deed Of Trust
related
$425,000 · Cambridgeport Savings Bank
Nov 3, 1997
—
Keystone Nt
—
Deed Of Trust
related
$85,000 · Zwi Kohorn
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.
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