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    501 Main St, Unit 509 Saugus, MA 01906-3157
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    Property profile & analytics

    501 Main St, Unit 509, Saugus, MA 01906-3157

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    • Investment properties
    • 13,760 SF
    • 0.93 lot acres
    Off-Market
    Property ID
    US38-1787269
    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
    $1,990,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Peas in a Pod Nursery School / Vocational School
    • Landscaping - Saugus | Landscapers - Saugus, MA | Chop Chop Landscaping - Saugus, MA / General Contractor

    Property Details for 501 Main St

    Year built
    2006
    Construction
    FRAME
    Lot size
    0.93 lot acres
    Zone code
    NA
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SAUG M:012-B B:0004 L:0001
    APU
    SAUGM012BB0004L0001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 24, 2025 — Cieri Group LLC — Deed · related $6.5M · Lowell Five Cents Savings Bank
    Jun 25, 2024 — Ciceri Group LLC — Deed · related $5M · Lowell Five Cents Savings Bank
    Sep 10, 2019 — Cieri Group LLC — Deed · related $2.7M · Lowell Five Cents Savings Bank
    May 13, 2016 $2,100,000 Cieri Group LLC For Bangla LLC Quit Claim Arm's Length For Ne States —
    May 5, 2009 $1,425,000 For Bangla LLC Rct Realty LLC One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds $1.2M · Beverly Cooperative Bank
    Nov 20, 2006 $1,025,000 Rct Realty LLC Saugus FCU Grant Deed $1.3M · Newburyport Five Cent
    Apr 5, 2002 — Aaa Climbers INC — Deed Of Trust · related $550k · Pioneer Capital Corp
    Mar 14, 1997 $440,000 Aaa Climbers INC Berthold,carl Grant Deed $390k · Danvers Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,015,000
      Market price range: $1.60M - $3.19M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,505,000
      Current use
      AUTO REPAIR, GARAGE
      $3,295,000
      Change: +32% Conversion: Difficult
      RETAIL STORES
      $3,060,000
      Change: +22% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,255,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Saugus
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0412
    Latitude
    42.4803
    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
    2018
    $37,514
    $576,200
    $1,553,500
    $2,129,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.85 Acres

      480 Broadway

      OFFICE/RESIDENTIAL (MIXED USE)
      480 Broadway, Saugus, MA 01906-1903
      View Details
    • Value Estimation
      $1,440,000
      8,748 SF

      20 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      20 Main St, Saugus, MA 01906-2340
      View Details
    • Value Estimation
      $525,000
      2,740 SF

      28 Walden Ter

      OFFICE/RESIDENTIAL (MIXED USE)
      28 Walden Ter, Saugus, MA 01906-1170
      View Details
    • Value Estimation
      $825,000
      12,531 SF

      819th Broadway

      OFFICE/RESIDENTIAL (MIXED USE)
      819th Broadway, Saugus, MA 01906-3207
      View Details
    • Value Estimation
      $595,000
      3,682 SF

      113 Vine St

      OFFICE/RESIDENTIAL (MIXED USE)
      113 Vine St, Saugus, MA 01906-3434
      View Details
    • Value Estimation
      $560,000
      2,928 SF

      29 Winter St

      OFFICE/RESIDENTIAL (MIXED USE)
      29 Winter St, Saugus, MA 01906-1611
      View Details

    Similar Nearby for Sale

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      Versatile Multi-Family Property For Sale

      Three-story multi-family property with flexible living arrangements and outdoor amenities.
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      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
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      1,517 SF

      Freestanding Retail Property on Broadway

      Multi-tenant retail property in a high-traffic area.
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    Similar Nearby for Lease

    • Contact for pricing
      4,390 SF

      Retail Space in Mixed-Use Development

      Retail space available in Saugus mixed-use development.
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      Retail Space For Lease

      Retail space available for lease.
      1160 Broadway Rte 1, Saugus, MA 01906
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    • Contact for pricing
      2,000 SF

      Retail Space in Saugus Center

      Retail spaces available in well-located Saugus shopping center.
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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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      View Details
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    Saugus, MA 01906-3157
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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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