New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,800,000
Showrooms
700 Broadway, Malden, MA 02148-2042
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US38-0228631
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2012
Construction
STEEL FRAME
Total area
58,800 SF
Lot
1.74 ac (75,664 SF)
Zoning code
HB
APN
MALD M:160 B:623 L:314
UPID
US38-0228631
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
-
F.W. Webb Company - Malden Plumbing Service Building Supply
-
Frank Webb Home - Malden Kitchen & Bath Showroom Furniture & Home Goods
-
Abramo Auto Body Inc Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.80M
Owner & transaction history
237 Albany St Invs LLC · 15 yrs held
237 Albany St Invs LLC
since 2010
7 recorded transactions
Zoning & alternative use
HB · Malden, 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 Malden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malden 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
COMMERCIAL (GENERAL)
$12,890,000
Current use
OFFICE BUILDING
$12,870,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$7.80M
Range $7.02M – $8.58M · ±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
$133 / 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
$96,442
Tax year 2024
Assessed value
$5,299,000
Assessed 2024
Previous assessed
$5,299,000
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,570,000
Assessed improvement
$3,729,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
7
Total area
58,800 SF
Lot
1.74 ac (75,664 SF)
Zoning code
HB
APN
MALD M:160 B:623 L:314
UPID
US38-0228631
Jurisdiction
MALDEN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
HB · Malden, MA
Zoning HB · permitted uses
HB · Malden, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$12.9M
OFFICE BUILDING
Est. value
$12.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
7
Lot
1.74 ac
Current owner
From public records · entity-resolved
237 Albany St Invs LLC
Entity
Mailing address
160 MIDDLESEX TPKE, BEDFORD, MA 01730-1416
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2012
—
237 Albany Street Int LLC
—
Deed Of Trust
related
$4,658,000 · United Bank
Aug 23, 2010
—
237 Albany St Inves LLC
—
Deed Of Trust
related
$6,000,000 · F W Webb Co
Aug 6, 2010
$2,000,000
237 Albany St Invs LLC
Dilorenzo Malden Re LLC
Grant Deed
—
Jan 10, 2006
$3,300,000
Dilorenzo Malden Re LLC
700 Broadway RT
Grant Deed
$12,000,000 · Bear Stevens Funding
Jan 10, 2006
—
Dilorenzo Melrose Re Corp
—
Deed Of Trust
related
$12,000,000 · Bear Stevens Funding
Jun 15, 1999
$1,782,809
700 Broadway RT
Smyly Rlty LP
Grant Deed
—
Nov 29, 1996
—
Rlty LP Smyly
—
Deed Of Trust
related
$1,900,000 · Zuckerman Family Nomi
Jan 22, 1990
$22,000
Connolly RT
Smyly Rlty LP
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 700 Broadway?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
