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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    700 Broadway, Unit 712 Chelsea, MA 02150-2523

    • Retail properties & Spaces
    • 4,231 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1626750
    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

    • Sabor Salvadoreño corp / Restaurant

    Property Details for 700 Broadway

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.19 lot acres
    Property size
    4,231 SF
    Zone code
    R3
    Property type
    Retail properties & Spaces
    APN
    CHEL M:049 P:031
    APU
    CHELM049P031

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,305,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0285
    Latitude
    42.3962
    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
    $16,891
    $247,000
    $464,200
    $711,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,165,000
      6,663 SF

      12 Central Ave

      DEPARTMENT STORE • 6,663 SF
      12 Central Ave, Chelsea, MA 02150-3216
      View Details
    • Value Estimation
      $1,395,000
      7,965 SF

      49 Everett Ave, Unit 55

      DEPARTMENT STORE • 7,965 SF
      49 Everett Ave, Chelsea, MA 02150-2330
      View Details
    • Value Estimation
      $1,735,000
      12,632 SF

      320 Revere Bch Pkwy

      DEPARTMENT STORE • 12,632 SF
      320 Revere Bch Pkwy, Chelsea, MA 02150-1412
      View Details
    • Value Estimation
      $2,960,000
      18,162 SF

      181 Winnisimmet St

      DEPARTMENT STORE • 18,162 SF
      181 Winnisimmet St, Chelsea, MA 02150-2745
      View Details
    • Value Estimation
      $720,000
      3,741 SF

      200 Beacham St

      DEPARTMENT STORE • 3,741 SF
      200 Beacham St, Chelsea, MA 02150-1725
      View Details
    • Value Estimation
      $2,315,000
      13,833 SF

      1010 Broadway

      DEPARTMENT STORE • 13,833 SF
      1010 Broadway, Chelsea, MA 02150-2247
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,338 SF

      Chelsea Commercial Building with Redevelopment Potential

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      Retail Opportunity Near Chelsea City Hall

      Retail variety store with inventory and equipment included in sale.
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      Chelsea Mixed-Use Asset For Sale

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      Pending

      Corner Parcel with Billboard Lease

      Small corner parcel with existing billboard lease through August 2026.
      78 Winnisimmet St, Chelsea, MA 02150
      View Details
    • $1,099,988
      3,045 SF

      Chelsea Multi-Family Investment Opportunity

      Well-maintained 3-family home in Chelsea with strong rental income.
      37 Maverick St, Chelsea, MA 02150
      View Details
    • $29,999,900
      17.86 Acres

      Chelsea Creek Development Opportunity

      17.86-acre waterfront land, 590 unit potential
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,749 SF

      Retail/Restaurant Space in Chelsea, MA

      2,749 SF retail/restaurant space near transportation and Encore Boston Harbor.
      600 Broadway, Chelsea, MA 02150
      View Details
    • $2,500 /Mo
      1,300 SF

      Highway-Front Office or Retail Space

      Highly visible office or retail space on a major highway.
      24 Adams St, Chelsea, MA 02150
      View Details
    • Contact for pricing

      Chelsea Commercial Property For Rent

      Commercial property available for rent in Chelsea, Massachusetts.
      936 Broadway, Chelsea, MA 02150
      View Details
    • Contact for pricing

      Retail Space at Hilton Suites

      Ground level retail space available for rent at Hilton Suites.
      145 Beech St, Chelsea, MA 02150
      View Details
    • Contact for pricing
      2,749 SF

      Retail Space Available For Rent

      Retail space available for rent in Everett, Massachusetts.
      600 Broadway, Everett, MA 02150
      View Details
    • Contact for pricing

      Chelsea Warehouse & Distribution Space

      Warehouse and distribution space for lease near Boston and Logan Airport.
      124 2Nd St, Chelsea, MA 02150
      View Details
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    700 Broadway, Unit 712
    Chelsea, MA 02150-2523
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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