Technical
Financial
Distress signals
Property profile

551 Broadway Malden, MA 02148

OFF-MARKET
Motels
Property ID
US38-2378167
7,674 SF 0.34 ac lot Built 1960
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1960
Construction FRAME
Total area 7,674 SF
Lot 0.34 ac (15,002 SF)
Zoning code HB
APN MALD M:156 B:578 L:803
UPID US38-2378167

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

551 Broadway Malden, MA 02148-2037
Malden metro Census 341903 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
$755k
Comparable Approach Comparable
by Request
Blend (final) Blend
$550k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2022
Price N/A
2016
Price N/A
2016
$1.5M
2004
Price N/A
1969
Price N/A

Zoning & alternative use

HB · Malden, MA
Top alternative use upside
Restaurant $890,000 +826.5%
Retail stores $735,000 +666.0%
Medical building $640,000 +566.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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