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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
$2.08M
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
Zoning description
Business District is intended to promote business related uses.
Zone name
Business District
General category
COMMERCIAL
Zone area
131.57 ac
Source
Realmo
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
$2.08M
Range $1.87M – $2.29M · ±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
$134 / 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, MAZoning BD · permitted uses
BD · Everett, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Business District is intended to promote business related uses.
Zone name
Business District
General category
COMMERCIAL
Zone area
131.57 ac
Source
Realmo
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.
Try Rey
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