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Property profile

8 Bourbon St Peabody, MA 01960

OFF-MARKET
Office buildings
Property ID
US38-2217511
11,968 SF 1.14 ac lot Built 2000
Last sale Mar 2022 · $2,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 1,864-square-foot commercial unit located within a multi-tenant strip center at the signalized intersection of Route 1 and Bourbon Street. The center provides on-site parking and the unit is situated in a high-traffic commercial corridor with surrounding national retailers and nearby residential neighborhoods. The space has a flexible interior configuration with multiple rooms, office and storage areas, handicap-accessible restrooms, elevator access, and gas heat, and it is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$38k
Tax billed · 2024
Assessed value$2.03M
Assessed land$778k
Assessed improvement$1.25M
Effective rate1.88%

Value estimate

· Oct 2026
$2.46M
$2.21M – $2.71M
AI approach$2.45M
Submarket $/SF estimate$2.71M

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$185/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$89 – $249
Qualifying comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BR
District is to provide space for large mixed commercial development that serves a regional market, which customers generally access by ca...
General categoryCOMMERCIAL
JurisdictionPEABODY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.3
Pawn Shop10.0
Smoke and Vape Shop10.0

Location

8 Bourbon St Peabody, MA 01960-7481
County assessor Recorded deeds · 5 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
525 Lowell, Peabody, MA 01960-1375 $225,000 Feb 2025 10,600 SF
3 Mt Pleasant, Peabody, MA 01960-1528 $295,000 Nov 2023 8,558 SF
12 Washington, Peabody, MA 01960-5521 $751,000 Dec 2021 10,789 SF
182 Newbury, Peabody, MA 01960-2416 $970,000 May 2021 9,000 SF
2 Bourbon, Peabody, MA 01960-1384 $1,375,000 Sep 2020 18,554 SF
100 Smt, Peabody, MA 01960-5150 $500,000 Apr 2019 10,348 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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