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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    503 Broadway Everett, MA 02149-3603

    • Office buildings
    • 5,518 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $1,605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0703636
    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

    • Liggio Raymond MD / Ophthalmologist
    • Northeast Eye Care / Doctor
    • Northeast Eye Care, Inc. / Ophthalmologist
    • Dr. Paul S. Greenfield, MD / Ophthalmologist / Doctor
    • The Midway Marketing Agency / Marketing Agency

    Property Details for 503 Broadway

    Year built
    1930
    Construction
    FRAME
    Lot size
    0.23 lot acres
    Property size
    5,518 SF
    Zone code
    BD
    Property type
    Office buildings
    APN
    EVER M:L0 B:02 L:000056
    APU
    EVERML0B02L000056

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,210,000
      Current use
      RESTAURANT
      $1,600,000
      Change: +33% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,555,000
      Change: +29% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,530,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $1,490,000
      Change: +23% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,270,000
      Change: +5% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,145,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0536
    Latitude
    42.4087
    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
    $26,858
    $540,800
    $578,300
    $1,119,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $36,835,000
      388,700 SF

      135 Santilli Hwy

      OFFICE BUILDING • 388,700 SF
      135 Santilli Hwy, Everett, MA 02149-1962
      View Details
    • Value Estimation
      $5,345,000
      19,600 SF

      3 Charlton St

      OFFICE BUILDING • 19,600 SF
      3 Charlton St, Everett, MA 02149-2405
      View Details
    • Value Estimation
      $630,000
      1,918 SF

      492496th Broadway

      OFFICE BUILDING • 1,918 SF
      492496th Broadway, Everett, MA 02149-3694
      View Details
    • Value Estimation
      $755,000
      2,345 SF

      932 Broadway

      OFFICE BUILDING • 2,345 SF
      932 Broadway, Everett, MA 02149
      View Details
    • Value Estimation
      $1,210,000
      5,616 SF

      366 Broadway

      OFFICE BUILDING • 5,616 SF
      366 Broadway, Everett, MA 02149-3474
      View Details
    • Value Estimation
      $3,570,000
      12,868 SF

      153 Main St

      OFFICE BUILDING • 12,868 SF
      153 Main St, Everett, MA 02149-5733
      View Details

    Similar Nearby for Sale

    • $919,999

      Well-Maintained Two-Family Home

      Two-family home with separate entrances, utilities, and private backyard.
      35-37 Harvard St, Everett, MA 02149
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    • $899,900

      Spacious Two-Family in Everett, MA

      Two-family property near shops, dining, and public transit.
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      Two-family property in up-and-coming Everett, ideal for investors.
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    • $5,980,000

      Renovated Multifamily Building in Everett

      Freestanding, fully renovated 15-unit building near Boston.
      536 Broadway, Everett, MA 02149
      View Details
    • $750,000

      Everett Two-Family Home

      Well-maintained two-family home in Everett's Glendale neighborhood.
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    • $28,000,000
      4.00 Acres

      Everett MA Commercial Land - $28M

      Four-acre commercial site, three parcels, existing buildings.
      141-151 Orient Ave, Everett, MA 02149
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      144,612 SF

      Everett Office Space Available

      144,612 SF office space for lease in Everett.
      135 Santilli Hwy, Everett, MA 02149
      View Details
    • Contact for pricing
      11,940 SF

      Everett Office Building Opportunity

      11,940 sq ft office building in Everett, MA.
      173 Chelsea St, Everett, MA 02149
      View Details
    • $12,500 /Mo
      13,500 SF

      Versatile Three-Story Commercial Building

      13,500 SF building with warehouse and office space.
      4 Betty St, Everett, MA 02149
      View Details
    • $500 /Mo

      Everett Office Space For Rent

      Office space for rent on heavily populated Everett street.
      425A Broadway, Everett, MA 02149
      View Details
    • $1,600 /Mo
      950 SF

      Professional Office Space on Broadway

      Office space with great visibility and open floor plan.
      369 Broadway, Everett, MA 02149
      View Details
    • $825 /Mo

      Turnkey Office in Everett Square

      Second-floor office space in a prime Everett location.
      431-439 Broadway F, Everett, MA 02149
      View Details

    Property Visit Statistics

    • Visits by month
      10.0k
    • Visitors by month
      6.7k
    • Avg Time on site
      13 min
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    503 Broadway
    Everett, MA 02149-3603
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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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