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Property profile & analytics
FOR LEASE
Retail space
600 Broadway, Saugus, MA 01906
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1484509
For Lease
1 / 2
$5,460,000
600 Broadway, Saugus, MA 01906
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Total area
11,573 SF
Lot
1.28 ac (55,809 SF)
Zoning code
NA
APN
SAUG M:012-D B:0006 L:0019
UPID
US38-1484509
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
Current use
Occupant on record · Public records
-
FedEx Office Print & Ship Center Courier Service Postal Service
-
MCR Chiropractic Alternative Medicine Practice
-
For Eyes Physician
-
Domenic A. D'Angelo OD Physician
-
Bay State Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$5.46M
Owner & transaction history
Nrg Hld LP · 3 yrs held
Nrg Hld LP
since 2022
Last sale
$5.3M
6 recorded transactions
Zoning & alternative use
NA · Saugus, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+55.2%
Apartment house (5+ units)
$3.7M
+43.8%
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
$5,515,000
ML approach
$5,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,995,000
Change: +55% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,700,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$5.46M
Range $4.91M – $6.01M · ±10% · vs last sale $5.25M (Sep 30 2022)
Last sale anchor
$5.25M
Sep 30 2022
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
$472 / 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
$80,011
Tax year 2024
Assessed value
$3,628,600
Assessed 2024
Previous assessed
$3,628,600
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,081,400
Assessed improvement
$2,547,200
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
For Lease
Year built
2000
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Units
4
Bathrooms
6
Total area
11,573 SF
Lot
1.28 ac (55,809 SF)
Zoning code
NA
APN
SAUG M:012-D B:0006 L:0019
UPID
US38-1484509
Jurisdiction
SAUGUS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
NA · Saugus, MA
Zoning NA · permitted uses
NA · 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
RESTAURANT
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2000
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Units
4
Bathrooms
6
Lot
1.28 ac
Current owner
From public records · entity-resolved
Nrg Hld LP
Entity
Mailing address
3270 BEAUDRY TER, GLENDALE, CA 91208-1747
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$5,250,000
Nrg Hld LP
Mscc Realty LLC
Quit Claim Arm's Length For Ne States
$2,925,000 · Harborone Bank
Jun 27, 2017
$5,675,000
Mscc Realty LLC
Saugus Mzl LLC
Quit Claim Deed
$3,675,000 · Rollstone Bk&tr
Jan 15, 2015
$3,910,000
Saugus Mzl LLC
Saugus Investors LLC
Quit Claim Arm's Length For Ne States
—
Jul 28, 2000
$3,000,000
Saugus Inv LLC
Saugus Siesta INC
Grant Deed
related
—
Nov 26, 1999
$1,150,000
Saugus Siesta INC
Gmri INC
Grant Deed
$2,645,000 · Zions First National Bank
Feb 28, 1990
—
Saugus Realty Co Ltd
—
Deed Of Trust
related
$2,950,000 · Us Trust Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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