Financial
Distress signals
Property profile

8 Essex Ctr Dr Peabody, MA 01960

OFF-MARKET
Office buildings
Property ID
US38-0582935
68,253 SF 8.22 ac lot Built 1982
Last sale Sep 2021 · $6,460,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

8 Essex Center Drive is an office property located adjacent to North Shore Mall, within walking distance of mall amenities, restaurants, and retail, with access to public transportation. The setting provides connectivity to major highways and includes ample on-site parking. The building is professionally managed and includes 24/7 service. The available space is configured as office space with a total area of 2,206 square feet, and the office suite can be renovated to support occupancy needs.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$116k
Tax billed · 2024
Assessed value$6.15M
Assessed land$2.49M
Assessed improvement$3.67M
Effective rate1.88%

Value estimate

· Sep 2026
$8.19M
$7.37M – $9.01M
AI approach$7.56M
Sales comparison$8.21M

Realmo valuation models over county records.

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

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.2
Building Supply16.1
Parking Facility14.0

Location

8 Essex Ctr Dr Peabody, MA 01960-2959
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file 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
1st Newbury, Peabody, MA 01960-4065 $3,500,000 Aug 2024 40,660 SF
5 Lakeland Park, Peabody, MA 01960-3835 $2,500,000 May 2022 20,000 SF
8 Bourbon, Peabody, MA 01960-7481 $2,200,000 Mar 2022 11,968 SF
2 Bourbon, Peabody, MA 01960-1384 $1,375,000 Sep 2020 18,554 SF
5 Centennial, Peabody, MA 01960-7906 $2,400,000 Aug 2020 40,698 SF
84 Newbury, Peabody, MA 01960-3864 $2,525,000 Apr 2019 34,058 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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