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    369 Broadway, Unit 205 Everett, MA 02149
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    Property profile & analytics

    369 Broadway, Unit 205 Everett, MA 02149

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    • Office buildings
    • 15,483 SF
    • 0.16 lot acres
    For Lease
    $1,600/Mo
    View Listing →
    Professional Office Space on Broadway For Lease
    $1,600/Mo
    950 SF

    Professional Office Space on Broadway

    Office space with great visibility and open floor plan.

    369 Broadway #205, Everett, MA 2149
    View Listing
    Property ID
    US38-1056009
    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.
    Value Estimations
    $2,160,000
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 369 Broadway

    Year built
    1925
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    15,483 SF
    Zone code
    BD
    Property type
    Office buildings
    APN
    EVER M:K0 B:08 L:000143
    APU
    EVERMK0B08L000143

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,080,000
      ML approach
      $2,025,000

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0571
    Latitude
    42.4048
    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
    $51,314
    $497,100
    $1,641,000
    $2,138,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,570,000
      12,868 SF

      153 Main St

      OFFICE BUILDING • 12,868 SF
      153 Main St, Everett, MA 02149-5733
      View Details
    • Value Estimation by Request
      651 SF

      560 Broadway

      OFFICE BUILDING • 651 SF
      560 Broadway, Everett, MA 02149-3717
      View Details
    • Value Estimation
      $1,410,000
      3,316 SF

      14 Norwood St

      OFFICE BUILDING • 3,316 SF
      14 Norwood St, Everett, MA 02149-2710
      View Details
    • Value Estimation
      $1,210,000
      5,616 SF

      366 Broadway

      OFFICE BUILDING • 5,616 SF
      366 Broadway, Everett, MA 02149-3474
      View Details
    • Value Estimation
      $5,345,000
      19,600 SF

      3 Charlton St

      OFFICE BUILDING • 19,600 SF
      3 Charlton St, Everett, MA 02149-2405
      View Details
    • Value Estimation
      $36,835,000
      388,700 SF

      135 Santilli Hwy

      OFFICE BUILDING • 388,700 SF
      135 Santilli Hwy, Everett, MA 02149-1962
      View Details

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      3,238 SF

      Mixed-Use Property in Glendale Neighborhood

      Mixed-use property with commercial and residential units in thriving Glendale.
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      Mixed-Use Property in Glendale

      Mixed-use property with commercial, residential, and retail spaces.
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      3,238 SF

      Mixed-Use Property in Glendale

      Mixed-use property with commercial, residential, and retail spaces.
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      Pending

      Three-Family Property For Sale

      Three-family property with tenants in place.
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    Similar Nearby for Lease

    • Contact for pricing
      144,612 SF

      Everett Office Space Available

      144,612 SF office space for lease in Everett.
      135 Santilli Hwy, Everett, MA 02149
      View Details
    • Contact for pricing

      Everett Square Office/Retail Space

      Office or retail space in prime Everett location.
      431-439 Broadway, Everett, MA 02149
      View Details
    • Contact for pricing
      8,500 SF

      Versatile Warehouse and Office Space

      Warehouse with office space, suitable for storage and distribution.
      4 Betty St, Everett, MA 02149
      View Details
    • $6,300 /Mo

      Prime Everett Square Commercial Space

      Ground floor space in Everett Square, available 11/15/2025.
      13 Chelsea St, Everett, MA 02149
      View Details
    • $1,100 /Mo
      325 SF

      Everett Square Office/Retail Space

      Turnkey office/retail space in the heart of Everett Square.
      431-439 Broadway, Everett, MA 02149
      View Details
    • $2,100 /Mo

      Everett Square Turnkey Office Space

      Turnkey office space in the heart of Everett business community.
      431-439 Broadway, Everett, MA 02149
      View Details
    View Listing
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    369 Broadway, Unit 205
    Everett, MA 02149
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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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