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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Investment properties
375 Broadway 377, Revere, MA 02151-3029
Individually Owned
3-yr Hold
Property ID
US38-2396483
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
6,154 SF
Lot
0.07 ac (3,049 SF)
Zoning code
CB
APN
REVE M:16 B:259 L:19
UPID
US38-2396483
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
375- 377 Broadway RT · 3 yrs held
375- 377 Broadway RT
since 2023
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
CB · Revere, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.3M
+32.1%
Neighborhood: shopping center
$2.1M
+17.2%
Industrial (general)
$2.0M
+12.4%
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 Revere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Revere 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
$1,840,000
ML approach
$1,895,000
CAP Approach
CAP Return
Estimation
6%
$1,430,000
6.5%
$1,320,000
7%
$1,230,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,775,000
Current use
RETAIL STORES
$2,345,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,080,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,995,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.73M (May 15 2023)
Last sale anchor
$1.73M
May 15 2023
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
$292 / 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
Assessed value
$1,372,200
Assessed 2024
Previous assessed
$1,372,200
+0.0% YoY
Assessed land
$342,000
Assessed improvement
$1,030,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
8
Rooms
20
Bathrooms
8
Total area
6,154 SF
Lot
0.07 ac (3,049 SF)
Zoning code
CB
APN
REVE M:16 B:259 L:19
UPID
US38-2396483
Jurisdiction
REVERE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Revere, MA
Zoning CB · permitted uses
CB · Revere, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Revere. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
RETAIL STORES
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (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
1900
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
8
Rooms
20
Bathrooms
8
Lot
0.07 ac
Current owner
From public records · entity-resolved
375- 377 Broadway RT
Individual
Mailing address
375 BROADWAY #377, REVERE, MA 02151-3029
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
—
375-377 Broadway RT
—
Deed
related
$400,000 · Salem Cooperative Bank
May 15, 2023
$1,734,000
375- 377 Broadway RT
375 Broadway RT
Quit Claim Arm's Length For Ne States
$1,417,600 · Salem Cooperative Bank
Jul 19, 2013
—
375 Broadway RT
Hill Kenneth S Est
Quit Claim Deed
related
—
Jul 8, 1994
—
Kenneth F Hill
—
Deed Of Trust
related
$165,000 · Gary Needham
May 5, 1988
—
Thomas L Hill
—
Deed Of Trust
related
$110,000 · Chelsea Provident Coop Bank
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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