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    Property profile & analytics

    646 Ocean Ave Revere, MA 02151

    • Commercial real estate
    • 3,658 SF
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US38-1548046
    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

    • Commercial real estate

    Property Details for 646 Ocean Ave

    Property size
    3,658 SF
    Property type
    Commercial real estate

    Description

    This exceptional retail property, located at 646 Ocean Avenue in Revere, Massachusetts, offers two immediately available spaces within a thriving 209-unit luxury multifamily development in Suffolk County. The building boasts a total of 3,658 square feet of commercial space, currently entirely vacant and ready for immediate occupancy. Each space is separately available, providing flexibility for various business needs. One space offers 1,710 square feet, while the other provides 1,948 contiguous square feet. The minimum divisible space is 1,710 square feet, making it ideal for a range of retail or restaurant concepts. The property's prime location within a bustling residential community ensures high foot traffic and visibility, creating an excellent opportunity for businesses seeking a strong presence in a vibrant market. The address is 646 Ocean Ave, Revere, MA 02151. This is a multi-tenant property, offering a unique chance to establish a business in a well-established and desirable area. The property's size and layout are perfect for businesses seeking a prominent location with ample space to operate. The building's proximity to the residential community guarantees a built-in customer base. This is a rare opportunity to secure prime retail space in a high-demand location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Revere
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -70.9901045
    Latitude
    42.4149109

    Comparable in this City

    • $1,500 /Mo

      Office with Full Kitchen

      Office space with full kitchen, suitable for catering business.
      270 Broadway, Revere, MA 02151
      View Details
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      Two-Story Retail/Office Building Available

      3,800 SF free-standing building suitable for retail, office, restaurant.
      Revere, MA 02151
      View Details
    • Contact for pricing
      3,776 SF

      Retail Space Near Suffolk Downs

      3,776 SF retail space near future Suffolk Downs redevelopment.
      36-40 Furlong Dr, Revere, MA 02151
      View Details
    • $4,000 /Mo

      Street-Level Office/Retail Space Available

      Open office/retail space in Revere's Business District, available 2025.
      8 Pleasant St, Revere, MA 02151
      View Details
    • Contact for pricing
      1,603 SF

      Retail Space Near Suffolk Downs

      Retail space available near Suffolk Downs redevelopment project.
      31 Furlong Dr, Revere, MA 02151
      View Details
    • $130 SF/Yr

      Revere Parking Space For Rent

      Parking spaces available near Revere Beach Station for compact cars.
      32 Centennial Ave, Revere, MA 02151
      View Details

    Similar Nearby for Sale

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      Spacious Two-Family Near Revere Beach

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    Similar Nearby for Lease

    • $1,500 /Mo

      Office with Full Kitchen

      Office space with full kitchen, suitable for catering business.
      270 Broadway, Revere, MA 02151
      View Details
    • Contact for pricing

      Two-Story Retail/Office Building Available

      3,800 SF free-standing building suitable for retail, office, restaurant.
      Revere, MA 02151
      View Details
    • Contact for pricing
      3,776 SF

      Retail Space Near Suffolk Downs

      3,776 SF retail space near future Suffolk Downs redevelopment.
      36-40 Furlong Dr, Revere, MA 02151
      View Details
    • $4,000 /Mo

      Street-Level Office/Retail Space Available

      Open office/retail space in Revere's Business District, available 2025.
      8 Pleasant St, Revere, MA 02151
      View Details
    • Contact for pricing
      1,603 SF

      Retail Space Near Suffolk Downs

      Retail space available near Suffolk Downs redevelopment project.
      31 Furlong Dr, Revere, MA 02151
      View Details
    • $130 SF/Yr

      Revere Parking Space For Rent

      Parking spaces available near Revere Beach Station for compact cars.
      32 Centennial Ave, Revere, MA 02151
      View Details
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    646 Ocean Ave
    Revere, MA 02151
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    Realmo Value Estimation

    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.

    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.

    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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