Conventional Restaurant
For Sale
$1,400,000
48-49a Lowell St Peabody, Peabody, MA 01960
Two-property offering with an equipped restaurant and dedicated parking lot.
Property Size2,718 SF
Price / SF$515.08
Days on Market89
Property Features for 48-49a Lowell St Peabody
General Information
Standard status
Active
Size
2,718 SF
Zoning
BC
Additional Details
Land Use
restaurant, parking
Taxes and HOA fees
Annual Taxes
$14,511
Building Details
Building Size
2,718 SF
Year Built
2005
Buildings
1
Listing Agency:
Lynnway Associates
(508) 643-8166
Listed By:
Sharon Lucido · License #9569143
(508) 643-8166
Source:
Bournetosellrealestate
Added: Jun 3
Changed: Aug 30
Last Checked: Jun 5 at 4:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lynnway Associates
Investment Insights
Based on property information with market context.
This offering combines a conventional restaurant property with a separate parking lot. The restaurant at 49A Lowell St is fully equipped, while the parking lot is located at 48 Lowell St. The property was built in 2005 and carries BC zoning.
The parking component covers approximately 0.25 acres, or 10,938 sqft. The combined property size is reported as 2,718, with the source data identifying the assets as a package for sale.
The parking component covers approximately 0.25 acres, or 10,938 sqft. The combined property size is reported as 2,718, with the source data identifying the assets as a package for sale.
Key Highlights
- Fully equipped restaurant at 49A Lowell St
- Separate parking lot at 48 Lowell St
- Parking lot measures approximately 0.25 acres (10,938 sqft)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,240
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,004,800
$1.0M
Cap Rate 7%
$717,714
$717.7K
Cap Rate 9%
$558,222
$558.2K
Market Conditions
NOI Build-Up for 2,718 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$68.5K $25.20/SF
− Vacancy
−$1.5K −$0.55/SF
EGI
$67.0K $24.65/SF
− OpEx
−$16.7K −$6.16/SF
NOI
$50.2K $18.48/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,004,800
Cap Rate 7%
$717,714
Cap Rate 9%
$558,222
Alternative Uses
Best Use
Specialty Retail
$717.7K
$628.0K – $837.3K
NOI $50,240 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,633 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 33%
Dunkin' Donuts
Dining
10,318 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,295 visits/mo
0.2 miles
7-Eleven
Shops & Services
5,276 visits/mo
0.0 miles
North Shore Bank
Shops & Services
2,201 visits/mo
0.3 miles
Krispy Krunchy Chicken
Dining
841 visits/mo
0.5 miles
Demographics for 01960, MA
54,155
Population
23,009
Households
2.4
Avg Household Size
47
Median Age
34%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,385
Density / Sq Mi
$95,173
Median Household Income
$56,100
Median Earnings
$1,902
Median Rent
$566,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Copa Cabana Steakhouse Inc. — 150 Main St, Peabody, MA 01960
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-property offering with an equipped restaurant and dedicated parking lot.
Where is this conventional restaurant located?
The property is located at 48-49a Lowell St Peabody Peabody, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully equipped restaurant at 49A Lowell St; Separate parking lot at 48 Lowell St; Parking lot measures approximately 0.25 acres (10,938 sqft)
