Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    481 Broadway Saugus, MA 01906-1906
    Back to Search
    Property profile & analytics

    481 Broadway, Saugus, MA 01906-1906

    View on Map
    • Car washes
    • 3,412 SF
    • 0.45 lot acres
    Off-Market
    Property ID
    US38-0540723
    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
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Route 1 Car Wash / Car Wash

    Property Details for 481 Broadway

    Year built
    1975
    Lot size
    0.45 lot acres
    Zone code
    NA
    Property type
    Car washes
    APN
    SAUG M:013-D B:0003 L:0007
    APU
    SAUGM013DB0003L0007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 18, 2012 $725,000 J&j Realty LLC Shops At Saugus LLC Warranty Deed —
    Mar 21, 2008 $15,000 Mass Comm Of Shops At Saugus LLC Grant Deed —
    Mar 21, 2008 $3,405,000 Shop At Saugus LLC Caruso Music Co Grant Deed —
    Nov 20, 2001 — 30 Pines Properties Lc — Deed Of Trust · related $725k · Saugus Cp Bank
    Nov 6, 2001 — Caruso Music Co — Deed Of Trust · related $1.3M · Louise Marotta
    May 12, 1999 — Caruso Music Co — Deed Of Trust · related $300k · Century Bank & Trust Co
    Oct 15, 1998 — Caruso Music Co INC — Deed Of Trust · related $135k · Louise M Marotta

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $505,000
      Market price range: $187k - $506k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $815,000
      Current use
      RETAIL STORES
      $760,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saugus
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0197
    Latitude
    42.4845
    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
    $24,085
    $653,800
    $438,500
    $1,092,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $590,000
      7,920 SF

      110 Bennett Hwy

      CAR WASH
      110 Bennett Hwy, Saugus, MA 01906-4285
      View Details
    • Value Estimation by Request
      6,664 SF

      564 Broadway

      Automotive properties
      564 Broadway, Saugus, MA 01906
      View Details
    • Value Estimation
      $3,880,000
      6,762 SF

      564th Broadway

      AUTO REPAIR, GARAGE
      564th Broadway, Saugus, MA 01906-1904
      View Details
    • Value Estimation
      $730,000
      4,212 SF

      738 Broadway

      PARKING LOT
      738 Broadway, Saugus, MA 01906-3202
      View Details
    • Value Estimation
      $655,000
      6,094 SF

      1373 Broadway

      AUTO REPAIR, GARAGE
      1373 Broadway, Saugus, MA 01906-4152
      View Details
    • Value Estimation
      $2,085,000
      2,222 SF

      15 Spg St

      PARKING LOT
      15 Spg St, Saugus, MA 01906
      View Details

    Similar Nearby for Sale

    • 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
      View Details
    • Contact for pricing
      2,273 SF

      Corner-Lot Retail Building

      Freestanding, two-story retail building with Broadway frontage and on-site parking for customer convenience.
      144 Broadway, Saugus, MA 01906
      View Details
    • $950,000
      2,273 SF

      Saugus Mixed-Use Investment

      Prime Route 1 location, 100% occupied.
      144 Broadway, Saugus, MA 01906
      View Details
    • Contact for pricing
      1,517 SF

      Retail Asset on U.S. Route 1

      Freestanding retail building with frontage on Broadway and ample parking.
      144 Broadway, Saugus, MA 01906
      View Details
    • 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
      View Details
    • Contact for pricing

      Retail Property on Broadway, Saugus

      Multi-tenant retail property in a high-traffic area.
      144 Broadway, Saugus, MA 01906
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Retail/Restaurant Space on Route 1

      2,900 SF retail/restaurant space with Route 1 visibility.
      180 Main St, Saugus, MA 01906
      View Details
    • Contact for pricing
      12,000 SF

      Retail Pad/Ground Lease Opportunity

      Pad/Ground Lease opportunity at Walnut Place on Rt-1.
      217 Walnut St, Saugus, MA 01906
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      1160 Broadway Rte 1, 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
    • Contact for pricing
      4,200 SF

      Prime Retail Space on Broadway

      Highly visible 1,618 SF retail opportunity on Route One.
      600 Broadway, Saugus, MA 01906
      View Details
    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.
    481 Broadway
    Saugus, MA 01906-1906
    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
    481 Broadway, Saugus, MA, 01906
    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!