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    255 Andover St, Unit 201 Peabody, MA 01960

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    For Lease
    $29 SF/Yr

    Well-maintained office space with high visibility and ample parking.

    Lot size:
    0.36 Acres

    Property Features for 255 Andover St

    General Information

    Lot size
    0.36 Acres

    Building Details

    Year built
    2015

    Source: Leading Edge Real Estate Agent Annette Gregorio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Office Suite on Route 114

    Located at 255 Andover Street, this modern commercial building offers a second-floor office suite featuring three offices and elevator service. An additional room with a sink is available for a small kitchenette if needed. Situated along Route 114, the property benefits from high visibility and convenience within a busy business corridor. The space is suitable for professional offices, medical or wellness practices, or service-based businesses seeking a high-traffic location. The average daily traffic count is between 40,000 and 45,000 vehicles. Ample on-site parking is available. The property provides access to Peabody, Danvers, and Salem.
    Location Intelligence

    Current Use by Public Records

    Auto Body Clinic Auto Body Shop Hertz Car Rental ... Car Rental Agency Thrifty Car Rental ... Car Rental Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9525573
    Latitude
    42.5493007

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    FAQs

    What type of property is this?
    Office space - Well-maintained office space with high visibility and ample parking.
    Where is this office space located?
    The property is located at 255 Andover St, Unit 201 Peabody, MA.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Route 114 with 40,000-45,000 vehicles daily.; - Modern building built in 2015 with elevator service.; - Three private offices with additional room for kitchenette.
    (617) 548-3180
    Request Owner's contact information
    255 Andover St, Unit 201 Peabody, MA 01960
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    Peabody, MA 01960
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    Realmo Value Estimation

    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.

    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.

    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
    255 Andover St, Unit 201 Peabody, MA 01960
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