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    400 Lynn Fells Pkwy Saugus, MA 01906
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    Property profile & analytics

    400 Lynn Fells Pkwy Saugus, MA 01906

    View on Map
    • Super regional malls
    • 162,138 SF
    • 15.88 lot acres
    For Lease
    $3,495,000
    View Listing →
    Retail Space in Saugus For Lease
    $3,495,000

    Retail Space in Saugus

    Retail space available for lease in Saugus, Massachusetts.

    400 Lynn Fells Pkwy, Saugus, MA 1906
    View Listing
    Property ID
    US38-1192715
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Pharmacy / Pharmacy
    • Starbucks / Cafe & Coffee Shop
    • Target Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Target Grocery / Grocery & Convenience Store / Food Market
    • CVS / Pharmacy

    Property Details for 400 Lynn Fells Pkwy

    Year built
    1960
    Lot size
    15.88 lot acres
    Property size
    162,138 SF
    Zone code
    NA
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    SAUG M:013-D B:0001 L:0001
    APU
    SAUGM013DB0001L0001

    Description

    Target Plaza presents a prime retail leasing opportunity in Essex County. This vibrant strip center boasts a total of 161,975 square feet, with a significant 54,863 square feet currently available for lease. The space is sub-dividable, offering flexibility for businesses of various sizes. The property benefits from exceptional visibility and accessibility, situated in a high-traffic area with a daily count of 115,030 vehicles on Route 1 and an additional 20,000 vehicles on Lynn Fells Parkway. Ample parking is provided with 803 spaces, a generous ratio of 4.96 spaces per 1,000 square feet, ensuring convenient access for customers and employees. This is an exceptional opportunity to establish or expand your business in a thriving retail environment with strong foot traffic and convenient parking. The property's size and location make it ideal for a variety of retail uses. Contact us today to learn more about this exceptional leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saugus
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.024
    Latitude
    42.4816
    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
    $424,324
    $8,144,600
    $11,099,100
    $19,243,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $570,000
      9,929 SF

      463 Essex St, Unit 473

      REGIONAL SHOPPING CENTER, MALL • 9,929 SF
      463 Essex St, Saugus, MA 01906-4144
      View Details
    • Value Estimation
      $675,000
      4,013 SF

      366th Broadway

      REGIONAL SHOPPING CENTER, MALL • 4,013 SF
      366th Broadway, Saugus, MA 01906-1902
      View Details
    • Value Estimation
      $1,075,000
      33,456 SF

      182 Broadway

      REGIONAL SHOPPING CENTER, MALL • 33,456 SF
      182 Broadway, Saugus, MA 01906
      View Details
    • Value Estimation
      $1,320,000
      37,469 SF

      880 Broadway

      REGIONAL SHOPPING CENTER, MALL • 37,469 SF
      880 Broadway, Saugus, MA 01906-3284
      View Details
    • Value Estimation
      $1,005,000
      25,716 SF

      120 Broadway, Unit 134

      REGIONAL SHOPPING CENTER, MALL • 25,716 SF
      120 Broadway, Saugus, MA 01906-1027
      View Details
    • Value Estimation
      $830,000
      13,650 SF

      352 Broadway

      REGIONAL SHOPPING CENTER, MALL • 13,650 SF
      352 Broadway, Saugus, MA 01906-1902
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,517 SF

      Freestanding Retail Property on Broadway

      Multi-tenant retail property in a high-traffic area.
      144 Broadway, Saugus, MA 01906
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      Retail Property on Broadway, Saugus

      Multi-tenant retail property in a high-traffic area.
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    • $950,000
      2,273 SF

      Saugus Mixed-Use Investment

      Prime Route 1 location, 100% occupied.
      144 Broadway, Saugus, MA 01906
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    • Contact for pricing
      2,273 SF

      Saugus Retail on High-Traffic Broadway

      Multi-tenant retail property on a corner lot with ample parking.
      144 Broadway, Saugus, MA 01906
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    • Contact for pricing
      6,664 SF

      Automotive Center Near Retail Hub

      Automotive center near national retailers and Square One Mall.
      564 Broadway, Saugus, MA 01906
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    • $699,000

      Value-Add Multifamily Development Opportunity

      Rare opportunity for developers and investors in a central location.
      495 Central St, Saugus, MA 01906
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    Similar Nearby for Lease

    • Contact for pricing
      7,400 SF

      Retail Space in Hillside Plaza

      Retail spaces available in a densely populated, desirable location.
      723-759 Broadway, Saugus, MA 01906
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    • Contact for pricing
      4,200 SF

      Prime Retail Space on Broadway

      Highly visible 1,618 SF retail opportunity on Route One.
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      2,193 SF

      Retail Space in Saugus Center

      Retail space available in a highly visible Saugus location.
      352 Broadway, Saugus, MA 01906
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    • Contact for pricing
      2,000 SF

      Retail Space in Saugus Center

      Neighborhood strip center in the Saugus 'Golden Mile'.
      623-655 Broadway, Saugus, MA 01906
      View Details
    • Contact for pricing

      Retail Space in Saugus, MA

      Subdividable retail space available in Saugus, Massachusetts.
      400 Lynn Fells Pkwy, Saugus, MA 01906
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Saugus Center

      Retail spaces available in well-located Saugus shopping center.
      327-355 Broadway, Saugus, MA 01906
      View Details
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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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