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    Property profile & analytics

    653 Broadway, Unit 2 Revere, MA 02151-2347

    • Commercial real estate
    • 492 SF
    OFF-MARKET
    Value Estimation
    $405,000
    Last Sale
    Mar 12, 2020
    $400,000
    Location Intelligence
    Property ID
    US38-1878293
    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 653 Broadway

    Year built
    1984
    Construction
    FRAME
    Property size
    492 SF
    Zone code
    RB
    Property type
    Commercial real estate
    APN
    REVE M:17 B:272 L:1 U:2
    APU
    REVEM17B272L1U2

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $455,000
      6.5%
      $425,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $485,000
      Geo Method
      $460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $435,000
      Mixed-Use
      $410,000
      Hospitality
      $345,000
      Educational
      $355,000
      Residential Income
      $365,000
      Energy
      $440,000
      Income-Based Land
      $445,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Revere
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0088
    Latitude
    42.4152
    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
    $3,044
    $0.00
    $168,200
    $168,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.61 Acres

      20 Furlong Dr

      COMMERCIAL (GENERAL) • 0.61 Acres
      20 Furlong Dr, Revere, MA 02151-4006
      View Details
    • Value Estimation by Request
      2.77 Acres

      36 Lee Burbank Hwy

      COMMERCIAL (GENERAL) • 2.77 Acres
      36 Lee Burbank Hwy, Revere, MA 02151
      View Details
    • Value Estimation by Request
      19.51 Acres

      339 Squire Rd

      COMMERCIAL (GENERAL) • 19.51 Acres
      339 Squire Rd, Revere, MA 02151-6148
      View Details
    • Value Estimation by Request
      30,920 SF

      777 Shr Rd

      SHOW ROOM, WAREHOUSE • 30,920 SF
      777 Shr Rd, Revere, MA 02151-1545
      View Details
    • Value Estimation
      $130,000
      1,175 SF

      509 Broadway, Unit 2

      COMMERCIAL CONDOMINUIM • 1,175 SF
      509 Broadway, Revere, MA 02151-3065
      View Details
    • Value Estimation by Request
      1,711 SF

      140 School St

      SHOW ROOM, WAREHOUSE • 1,711 SF
      140 School St, Revere, MA 02151-3013
      View Details

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    Similar Nearby for Lease

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      3,776 SF

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      Retail space available near Suffolk Downs redevelopment project.
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    • Contact for pricing
      450,000 SF

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      Prime Revere retail space available.
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    • $1.00 SF/Yr

      Revere Land Parcel For Lease

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      View Details
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    653 Broadway, Unit 2
    Revere, MA 02151-2347
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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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