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    Property profile & analytics

    462 Broadway Methuen, MA 01844-2048

    • Specialty properties
    • 12,711 SF
    • 3.74 lot acres
    OFF-MARKET
    Value Estimation
    $1,500,000
    Last Sale
    Dec 06, 2022
    $1,350,000
    Location Intelligence
    Property ID
    US38-0896509
    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.

    Current Use by Public Records

    • Methuen Knights of Columbus / Fraternal Organization
    • VB CARDS NEWBURYPORT / Trading Card Store

    Property Details for 462 Broadway

    Year built
    1958
    Construction
    STEEL FRAME
    Lot size
    3.74 lot acres
    Property size
    12,711 SF
    Zone code
    BH
    Property type
    Specialty properties
    APN
    METH M:00610 B:00123 L:00048C
    APU
    METHM00610B00123L00048C

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,510,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,390,000
      6.5%
      $1,295,000
      7%
      $1,365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,510,000
      Geo Method
      $1,520,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,470,000
      Retail
      $1,315,000
      Mixed-Use
      $1,570,000
      Hospitality
      $1,350,000
      Educational
      $1,585,000
      Residential Income
      $1,230,000
      Energy
      $1,460,000
      Income-Based Land
      $1,185,000
      Food Service
      $1,595,000

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1972
    Latitude
    42.7376
    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
    $27,964
    $932,100
    $399,500
    $1,331,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9.70 Acres

      75 Milk St

      CHARITABLE ORGANIZATION • 9.70 Acres
      75 Milk St, Methuen, MA 01844-4617
      View Details
    • Value Estimation
      $320,000
      8.80 Acres

      Baremeadow St

      CHARITABLE ORGANIZATION • 8.80 Acres
      Baremeadow St, Methuen, MA 01844
      View Details
    • Value Estimation
      $345,000
      1,232 SF

      12th Dewey St

      CHARITABLE ORGANIZATION • 1,232 SF
      12th Dewey St, Methuen, MA 01844-5201
      View Details
    • Value Estimation
      $480,000
      10,180 SF

      20 Aegean Dr

      CHARITABLE ORGANIZATION • 10,180 SF
      20 Aegean Dr, Methuen, MA 01844-1580
      View Details
    • Value Estimation by Request
      8.02 Acres

      100th Haverhill St

      CHARITABLE ORGANIZATION • 8.02 Acres
      100th Haverhill St, Methuen, MA 01844-4297
      View Details
    • Value Estimation
      $390,000
      2,240 SF

      20 Aegean Dr Ste, Unit 10

      CHARITABLE ORGANIZATION • 2,240 SF
      20 Aegean Dr Ste, Methuen, MA 01844-1580
      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.
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      Updated two-family home with modern amenities and spacious driveway.
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      View Details
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      9,399 SF

      Methuen Multifamily Investment Opportunity

      12-unit apartment building near I-93 with value-add potential.
      80 Lowell St, Methuen, MA 01844
      View Details
    • Contact for pricing

      15 Acres Limited Industrial Land

      15 acres of industrial land near shopping and highways.
      Old Ferry Rd, Methuen, MA 01844
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    • $869,900

      Renovated Multi-Unit Investment Opportunity

      Fully renovated 3-unit home with modern finishes and strong income potential.
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    Similar Nearby for Lease

    • $20 SF/Yr
      33,945 SF

      Methuen Medical Office Space

      Prime Medical Office Suite Available
      380R Merrimack St, Methuen, MA 01844
      View Details
    • $20 SF/Yr

      Commercial Office/Retail Condo Available

      Commercial office/retail condo with attractive finishes and basement.
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      View Details
    • Contact for pricing
      3,566 SF

      Regional Shopping Center Retail Space

      Retail spaces available in a high-traffic shopping center.
      90 Pleasant Valley St, Methuen, MA 01844
      View Details
    • $599 /Mo
      150 SF

      Professional Office Space For Rent

      Private office in downtown Methuen with shared amenities included.
      45 Osgood St, Methuen, MA 01844
      View Details
    • New
      $3,100 /Mo
      1,400 SF

      Methuen Commercial Space For Lease

      Well-located 1,400 SF commercial suite ideal for various businesses.
      105 Haverhill St, Methuen, MA 01844
      View Details
    • Contact for pricing
      95,000 SF

      Medical Space in Merrimack Valley

      Cutting-edge medical space for lease in a renovated building.
      5 Branch St, Methuen, MA 01844
      View Details
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    462 Broadway
    Methuen, MA 01844-2048
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    Realmo Value Estimation

    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.

    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.

    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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