Property profile

405 American Legion Hwy Revere, MA 02151

OFF-MARKET
Hotels
Property ID
US38-0797862
49,298 SF 1.27 ac lot Built 2019
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2019
Construction FRAME
Total area 49,298 SF
Lot 1.27 ac (55,321 SF)
Zoning code HB
APN REVE M:18 B:324H&I L:2
UPID US38-0797862

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

405 American Legion Hwy Revere, MA 02151-4444
Revere metro Census 170400 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.73M

Owner & transaction history

since 2018
3 recorded transactions
2021
Price N/A
2018
$3.2M
1997
$287,500

Zoning & alternative use

HB · Revere, MA
Zoning description

A lodging house or rooming house erected, constructed, placed, altered, converted or otherwise changed may be allowed only by special permit in the HB district by the city council in conformance with the dimensional and…

General category COMMERCIAL
Top alternative use upside
Restaurant $7.6M +629.1%
Office building $7.0M +574.6%
Retail stores $6.6M +530.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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