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    880 Broadway Saugus, MA 01906-3284
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    Property profile & analytics

    880 Broadway Saugus, MA 01906-3284

    View on Map
    • Super regional malls
    • 37,469 SF
    • 2.66 lot acres
    Off-Market
    Property ID
    US38-0869195
    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.
    Value Estimations
    $1,320,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATCK Fitness Saugus / Sports School / Gym & Fitness Center
    • Partners In Rehab, PT / Medical Clinic
    • HealthPlus Urgent Care / Medical Clinic
    • Krista Virgin / Physician
    • BinStar / Discount Store

    Property Details for 880 Broadway

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    2.66 lot acres
    Property size
    37,469 SF
    Zone code
    NA
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    SAUG M:010-D B:0002 L:0009
    APU
    SAUGM010DB0002L0009

    Description

    This newly renovated 34,246 square foot retail center is ideally situated on Route 1 in Saugus, offering excellent visibility and accessibility. The property boasts a strong tenant mix, including established businesses such as Cort Furniture, FloGolf, Veterinary Urgent Care, Partners in Rehabilitation, and Plunge Boston. Two spaces are currently available, ranging from 4,030 to 5,559 square feet, providing flexibility for various retail uses. Recent renovations include a new roof, concrete floors, exterior facade, windows, doors, and sidewalks, ensuring a modern and attractive space for tenants. The center benefits from a prominent monument pylon sign, enhancing visibility to passing traffic. Ample parking is available with 107 spaces. Utilities are serviced by National Grid (gas) and Eversource (electric). Property taxes are $3.57 per square foot. This location within the Route 1 submarket and Route 1 submarket cluster offers high traffic counts and strong demographics, making it an exceptional opportunity for businesses seeking a vibrant and well-maintained retail space. The property's multiple tenancy structure provides a diverse and stable environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,125,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,514,000
      Market price range: $1.11M - $2.36M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,620,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saugus
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0242
    Latitude
    42.4696
    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
    $121,987
    $2,130,000
    $3,402,300
    $5,532,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,495,000
      162,138 SF

      400 Lynn Fells Pkwy

      REGIONAL SHOPPING CENTER, MALL • 162,138 SF
      400 Lynn Fells Pkwy, Saugus, MA 01906-3100
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    • Value Estimation by Request
      10,677 SF

      171 Broadway

      REGIONAL SHOPPING CENTER, MALL • 10,677 SF
      171 Broadway, Saugus, MA 01906-1095
      View Details
    • Value Estimation
      $570,000
      9,929 SF

      463 Essex St, Unit 473

      REGIONAL SHOPPING CENTER, MALL • 9,929 SF
      463 Essex St, Saugus, MA 01906-4144
      View Details
    • Value Estimation
      $675,000
      4,013 SF

      366th Broadway

      REGIONAL SHOPPING CENTER, MALL • 4,013 SF
      366th Broadway, Saugus, MA 01906-1902
      View Details
    • Value Estimation
      $1,075,000
      33,456 SF

      182 Broadway

      REGIONAL SHOPPING CENTER, MALL • 33,456 SF
      182 Broadway, Saugus, MA 01906
      View Details
    • Value Estimation
      $1,005,000
      25,716 SF

      120 Broadway, Unit 134

      REGIONAL SHOPPING CENTER, MALL • 25,716 SF
      120 Broadway, Saugus, MA 01906-1027
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,517 SF

      Freestanding Retail Property on Broadway

      Multi-tenant retail property in a high-traffic area.
      144 Broadway, Saugus, MA 01906
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      Retail Property on Broadway, Saugus

      Multi-tenant retail property in a high-traffic area.
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    • $950,000
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      Saugus Mixed-Use Investment

      Prime Route 1 location, 100% occupied.
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      2,273 SF

      Saugus Retail on High-Traffic Broadway

      Multi-tenant retail property on a corner lot with ample parking.
      144 Broadway, Saugus, MA 01906
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      6,664 SF

      Automotive Center Near Retail Hub

      Automotive center near national retailers and Square One Mall.
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    • $699,000

      Value-Add Multifamily Development Opportunity

      Rare opportunity for developers and investors in a central location.
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    Similar Nearby for Lease

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      2,000 SF

      Retail Space in Saugus Center

      Neighborhood strip center in the Saugus 'Golden Mile'.
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      Retail Space in Hillside Plaza

      Retail spaces available in a densely populated, desirable location.
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      4,200 SF

      Prime Retail Space on Broadway

      Highly visible 1,618 SF retail opportunity on Route One.
      600 Broadway, Saugus, MA 01906
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    • Contact for pricing
      2,193 SF

      Retail Space in Saugus Center

      Retail space available in a highly visible Saugus location.
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    • Contact for pricing

      Retail/Restaurant Space for Lease

      Outparcel retail/restaurant space with Route 1 visibility and pylon signage.
      180 Main Street Ter, Saugus, MA 01906
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    • Contact for pricing
      4,390 SF

      Retail Space in Mixed-Use Development

      Retail space available in Saugus mixed-use development.
      857 Broadway, Saugus, MA 01906
      View Details
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    Saugus, MA 01906-3284
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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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