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

    855 Broadway Saugus, MA 01906

    • Commercial real estate
    • 23,028 SF
    • 4.00 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1220463
    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

    • Aspen Dental - Saugus, MA / Dentist
    • aspen dental, Melissa M Thompson DMD PC / Dentist
    • Bernard Matute / Dentist
    • Manpreet Kaur / Dentist
    • Salem Five Bank / Financial Consultant / Insurance Agency

    Property Details for 855 Broadway

    Year built
    2019
    Construction
    STEEL FRAME
    Lot size
    4.00 lot acres
    Property size
    23,028 SF
    Zone code
    NA
    Property type
    Commercial real estate
    APN
    SAUG M:011-D B:0001 L:0002
    APU
    SAUGM011DB0001L0002

    Description

    This exceptional mixed-use retail property in Saugus, Massachusetts, offers a fantastic opportunity for businesses seeking flexible space in a high-traffic area. Located at 855 Broadway, this property boasts a total of 23,078 square feet, with 5,066 square feet currently available for lease. Units range from a minimum of 1,266 square feet to a maximum contiguous space of 3,800 square feet, providing options to suit various business needs. The property is conveniently situated in Essex County, with the precise address being 855 Broadway, Saugus, MA 01906. The property features ample parking with 6 spaces available for tenants and their customers. This is a multi-tenant building, offering a vibrant and collaborative environment. The property's location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in the Saugus market. The available space presents a unique opportunity to establish or expand your business in a thriving community. Interested parties should inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,339,000
      Market price range: $2.68M - $5.34M
      AI Estimate
      $3,192,000
      Market price range: $1.11M - $3.19M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,190,000
      Current use
      OFFICE BUILDING
      $5,920,000
      Change: +41% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,515,000
      Change: +32% Conversion: Difficult
      RETAIL STORES
      $5,120,000
      Change: +22% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $3,770,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Saugus
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0249
    Latitude
    42.4746
    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
    2020
    $136,012
    $0.00
    $7,630,600
    $7,630,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $44,305,000
      194,880 SF

      1201 Broadway, Unit 1311

      COMMERCIAL (GENERAL) • 194,880 SF
      1201 Broadway, Saugus, MA 01906-4274
      View Details
    • Value Estimation
      $25,900,000
      210,452 SF

      325 Broadway, Unit 357

      COMMERCIAL (GENERAL) • 210,452 SF
      325 Broadway, Saugus, MA 01906-1905
      View Details
    • Value Estimation by Request
      2,400 SF

      17 Osprey Rd

      SHOW ROOM, WAREHOUSE • 2,400 SF
      17 Osprey Rd, Saugus, MA 01906-4230
      View Details
    • Value Estimation by Request
      1,326 SF

      21 Swan Rd

      SHOW ROOM, WAREHOUSE • 1,326 SF
      21 Swan Rd, Saugus, MA 01906
      View Details
    • Value Estimation
      $1,895,000
      30,056 SF

      27 Osprey Rd

      SHOW ROOM, WAREHOUSE • 30,056 SF
      27 Osprey Rd, Saugus, MA 01906
      View Details
    • Value Estimation
      $635,000
      3,710 SF

      82 Broadway

      COMMERCIAL (GENERAL) • 3,710 SF
      82 Broadway, Saugus, MA 01906
      View Details

    Similar Nearby for Sale

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      Saugus Mixed-Use Investment

      Prime Route 1 location, 100% occupied.
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      Saugus Restaurant - Turnkey Opportunity

      Thriving Restaurant, Prime Location, High Potential
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    Similar Nearby for Lease

    • Contact for pricing
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      Retail/Restaurant Space on Route 1

      2,900 SF retail/restaurant space with Route 1 visibility.
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      View Details
    • Contact for pricing
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      Retail Pad/Ground Lease Opportunity

      Pad/Ground Lease opportunity at Walnut Place on Rt-1.
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    • $25 SF/Yr

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      Versatile office space in a prime Saugus location.
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    • $3,000 /Mo

      Contractor Yard with Spacious Building

      Rare contractor yard with building for rent near 128.
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    • Contact for pricing
      3,968 SF

      Retail Space in Mixed-Use Development

      Retail space available in Saugus, Route 1 frontage.
      855 Broadway, Saugus, MA 01906
      View Details
    • Contact for pricing
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      Saugus Restaurant - High Visibility

      Prime Essex Street restaurant, drive-thru potential.
      259 Essex St, Saugus, MA 01906
      View Details
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    855 Broadway
    Saugus, MA 01906
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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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