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Property profile & analytics
OFF-MARKET
Estimated value
$18,380,000
Retail space
564th Broadway, Saugus, MA 01906-1904
Entity Owned
9-yr Hold
Free & Clear
Property ID
US38-1419219
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
135,440 SF
Lot
26.05 ac (1,134,869 SF)
Zoning code
B1
APN
SAUG M:012-D B:0006 L:0001
UPID
US38-1419219
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.00M
Blend (final)
Blend
$18.38M
Owner & transaction history
Steinway Hldg Corp · 9 yrs held
Steinway Hldg Corp
since 2016
5 recorded transactions
Zoning & alternative use
B1 · Saugus, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saugus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saugus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$30,120,000
Current use
COMMERCIAL (GENERAL)
$24,650,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$18.38M
Range $16.54M – $20.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$136 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$514,530
Tax year 2024
Assessed value
$23,334,700
Assessed 2024
Previous assessed
$23,334,700
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$11,182,600
Assessed improvement
$12,152,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
3
Total area
135,440 SF
Lot
26.05 ac (1,134,869 SF)
Zoning code
B1
APN
SAUG M:012-D B:0006 L:0001
UPID
US38-1419219
Jurisdiction
SAUGUS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B1 · Saugus, MA
Zoning B1 · permitted uses
B1 · Saugus, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saugus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$30.1M
COMMERCIAL (GENERAL)
Est. value
$24.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
3
Lot
26.05 ac
Current owner
From public records · entity-resolved
Steinway Hldg Corp
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 105842, ATLANTA, GA 30348-5842
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2016
$3,377,000
Steinway Hldg Corp
Texas Bayrock Capital LP
Quit Claim Deed
—
May 5, 2015
$3,090,000
Texas Bayrock Capital
Pavilion Ntb Saugus Ll
Quit Claim Deed
related
—
Apr 9, 2014
$550,000
Pavilion Ntb Saugus LLC
Hd Dev Maryland
Quit Claim Deed
$1,646,000 · Bank Of America
Jun 10, 1997
$1,005,000
Gmri INC
Wal Mart Stores INC
Grant Deed
—
Jan 22, 1997
$14,202,252
Home Depot USA INC
Wal Mart Stores INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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