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    961 Broadway Saugus, MA 01906-3209

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    Property profile & analytics

    961 Broadway Saugus, MA 01906-3209

    View on Map
    • Office buildings
    • 1,386 SF
    • 0.75 lot acres
    Off-Market
    Property ID
    US38-0195298
    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
    $530,000
    Show details
    Cap Rate Potential
    8.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • BROADWAY LIVERY TAXI TRANSPORTATIONS / Courier Service
    • Route 1 Auto Sales / Car Dealership
    • Winthrop Motors / Car Dealership
    • Ace Ticket / Event Planning

    Property Details for 961 Broadway

    Year built
    1976
    Construction
    FRAME
    Lot size
    0.75 lot acres
    Property size
    1,386 SF
    Zone code
    NA
    Property type
    Office buildings
    APN
    SAUG M:010-D B:0001 L:0004
    APU
    SAUGM010DB0001L0004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $685,000
      6.5%
      $635,000
      7%
      $590,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $558,000
      Market price range: $216k - $558k
      AI Estimate
      $432,000
      Market price range: $144k - $432k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $355,000
      Current use
      AUTO REPAIR, GARAGE
      $330,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saugus
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0257
    Latitude
    42.4716
    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
    $22,101
    $809,600
    $192,700
    $1,002,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,895,000
      7,104 SF

      1288 Broadway

      OFFICE BUILDING • 7,104 SF
      1288 Broadway, Saugus, MA 01906-4197
      View Details
    • Value Estimation
      $1,205,000
      4,098 SF

      325 Central St

      OFFICE BUILDING • 4,098 SF
      325 Central St, Saugus, MA 01906-2321
      View Details
    • Value Estimation
      $1,155,000
      3,058 SF

      436 Lincoln Ave

      OFFICE BUILDING • 3,058 SF
      436 Lincoln Ave, Saugus, MA 01906-3768
      View Details
    • Value Estimation
      $6,120,000
      36,861 SF

      1715 Broadway

      OFFICE BUILDING • 36,861 SF
      1715 Broadway, Saugus, MA 01906-4703
      View Details
    • Value Estimation
      $2,350,000
      10,577 SF

      168 Broadway

      OFFICE BUILDING • 10,577 SF
      168 Broadway, Saugus, MA 01906-1029
      View Details
    • Value Estimation
      $765,000
      3,035 SF

      4 Webb Pl

      OFFICE BUILDING • 3,035 SF
      4 Webb Pl, Saugus, MA 01906-2327
      View Details

    Similar Nearby for Sale

    • $950,000
      2,273 SF

      Saugus Mixed-Use Investment

      Prime Route 1 location, 100% occupied.
      144 Broadway, Saugus, MA 01906
      View Details
    • $839,000

      Versatile Multi-Family Property For Sale

      Three-story multi-family property with flexible living arrangements and outdoor amenities.
      360 Lincoln Ave, Saugus, MA 01906
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    • $4,900,000
      3.02 Acres

      Saugus Gateway Development Land

      3+ Acres, 4 Homes, High Visibility
      Eagle Rd, Saugus, MA 01906
      View Details
    • Contact for pricing
      6,664 SF

      Automotive Center Near Retail Hub

      Automotive center near national retailers and Square One Mall.
      564 Broadway, Saugus, MA 01906
      View Details
    • 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
      View Details
    • $699,000

      Value-Add Multifamily Development Opportunity

      Rare opportunity for developers and investors in a central location.
      495 Central St, Saugus, MA 01906
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,590 SF

      High Quality Office Space Available

      High-quality office space with ample parking and convenient highway access.
      1711-1715 Broadway, Saugus, MA 01906
      View Details
    • Contact for pricing

      Highly-Visible Pad Site For Rent

      Highly-visible pad site available for rent.
      259 Essex St, Saugus, MA 01906
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Saugus, Massachusetts.
      334 Broadway, Saugus, MA 01906
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      1160 Broadway, Saugus, MA 01906
      View Details
    • Contact for pricing
      4,200 SF

      Prime Retail Space on Broadway

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

      Prime Pad Site on Route 1

      0.91 acre pad site available for ground lease.
      24 Bennett Hwy, Saugus, MA 01906
      View Details

    Property Visit Statistics

    • Visits by month
      6.4k
    • Visitors by month
      3.9k
    • Avg Time on site
      376 min
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    Saugus, MA 01906-3209
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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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