Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    460 Broadway Methuen, MA 01844
    Back to Search
    Property profile & analytics

    460 Broadway, Methuen, MA 01844

    View on Map
    • Showrooms
    • 2,733 SF
    • 0.35 lot acres
    For Lease
    $2,300/Mo
    View Listing →
    Methuen Office Space for Lease For Lease
    $2,300/Mo
    1,000 SF

    Methuen Office Space for Lease

    1,000 sq ft office space in high-traffic Methuen location.

    460 Broadway, Methuen, MA 1844
    View Listing
    Property ID
    US38-1574689
    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
    $685,000
    Cap Rate Potential
    8.2%
    Showrooms
    Location Intelligence

    Current Use by Public Records

    • Q Q Hong Foot Massage and Bodyworks / Alternative Medicine Practice / Spa & Massage Center
    • Li Zhen Body Works & Spa / Alternative Medicine Practice / Spa & Massage Center
    • Habarayanan Deepa Anant DDS / Dental Office
    • Merrimack Dental Academy / Dental Office / Vocational School
    • Methuen Family Dental / Dental Office

    Property Details for 460 Broadway

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    0.35 lot acres
    Zone code
    BH
    Property type
    Showrooms
    APN
    METH M:00610 B:00123 L:00048
    APU
    METHM00610B00123L00048

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 24, 2025 $750,000 Divine Peace LLC Broadway 460 LLC Deed $600k · Td Bank NA
    May 24, 2024 — 460 Broadway Realty LLC Methuen City Of Redemption Deed · related —
    Mar 29, 2019 $675,000 Broadway 460 LLC 460 Broadway Realty LLC Quit Claim Arm's Length For Ne States $464k · Td Bank NA
    Apr 10, 2008 — 460 Broadway Rlty LLC — Deed Of Trust · related $560k · Enterprise Bank & Trust
    Mar 16, 2007 $700,000 460 Broadway Realty LLC Kalil,michael J Grant Deed $500k · Andria Kalil
    Mar 16, 2007 $1 Michael J Kalil Michael J Kalil RT Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $675,000
      ML approach
      $675,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $920,000
      6.5%
      $850,000
      7%
      $790,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $573,000
      Market price range: $332k - $656k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $500,000
      Current use
      AUTO REPAIR, GARAGE
      $655,000
      Change: +31% Conversion: Difficult
      RETAIL STORES
      $610,000
      Change: +21% Conversion: Easy
      OFFICE BUILDING
      $465,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1955
    Latitude
    42.7377
    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
    $8,959
    $247,000
    $179,600
    $426,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $750,000
      3,564 SF

      62 Osgood St

      SHOW ROOM, WAREHOUSE
      62 Osgood St, Methuen, MA 01844-3039
      View Details
    • Value Estimation
      $1,985,000
      29,808 SF

      983 Riverside Dr

      SHOW ROOM, WAREHOUSE
      983 Riverside Dr, Methuen, MA 01844-6703
      View Details
    • Value Estimation
      $7,040,000
      44,400 SF

      147 Pelham St

      SHOW ROOM, WAREHOUSE
      147 Pelham St, Methuen, MA 01844-2060
      View Details
    • Value Estimation
      $635,000
      2,870 SF

      51 Old Fry Rd

      SHOW ROOM, WAREHOUSE
      51 Old Fry Rd, Methuen, MA 01844-4101
      View Details
    • Value Estimation
      $5,715,000
      45,394 SF

      975 Riverside Dr

      SHOW ROOM, WAREHOUSE
      975 Riverside Dr, Methuen, MA 01844-6703
      View Details
    • Value Estimation
      $815,000
      11,718 SF

      80 Cambridge St

      SHOW ROOM, WAREHOUSE
      80 Cambridge St, Methuen, MA 01844-5514
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,060 SF

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru on 0.52 acres.
      547 S Broadway, Methuen, MA 01844
      View Details
    • Contact for pricing

      Established Auto Body Repair Shop

      Turnkey auto body repair shop with real estate for sale.
      20 Woodland St, Methuen, MA 01844
      View Details
    • Contact for pricing

      Established Auto Shop with Parking

      Well-equipped auto shop with real estate and extra parking.
      8 Marshall St, Methuen, MA 01844
      View Details
    • Contact for pricing

      Turnkey Auto Body Repair Shop

      Established auto body shop with real estate for sale.
      20 Woodland St, Methuen, MA 01844
      View Details
    • Contact for pricing
      5,660 SF

      Turnkey Auto Body Facility

      Established auto body business with real estate included near I-93.
      20 Woodland St, Methuen, MA 01844
      View Details
    • Contact for pricing

      Auto Body Repair Shop with Real Estate

      Turnkey auto body facility with four drive-in bays, vehicle lifts, and a professional spray booth on a large paved lot.
      20 Woodland St, Methuen, MA 01844
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,418 SF

      Vibrant Community Shopping Center Space

      Space in a busy shopping center anchored by Market Basket.
      160-186 Haverhill St, Methuen, MA 01844
      View Details
    • Contact for pricing

      Well-Located Commercial Suite For Rent

      First-floor commercial suite suitable for office, medical, service, or retail.
      105 Haverhill St, Methuen, MA 01844
      View Details
    • Contact for pricing

      Commercial Space for Multiple Uses

      Commercial/retail space suitable for salon, retail, office, or other uses.
      23 Lowell St, Methuen, MA 01844
      View Details
    • Contact for pricing

      Versatile Commercial Office/Retail Condo

      Updated condo suited for offices, retail, medical, or salon.
      5 Wallace St, Methuen, MA 01844
      View Details
    • Contact for pricing
      1,400 SF

      Well-Located Commercial Suite For Rent

      First-floor commercial suite with high visibility and ample parking.
      105 Haverhill St, Methuen, MA 01844
      View Details
    • Contact for pricing
      1,721 SF

      Versatile Commercial Office/Retail Condo

      High-visibility condo suited for offices, retail, or medical use.
      5 Wallace St, Methuen, MA 01844
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    460 Broadway
    Methuen, MA 01844
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    460 Broadway, Methuen, MA, 01844
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!