Property profile

1 Corporation Way Peabody, MA 01960

OFF-MARKET
Office buildings
Property ID
US38-1828004
90,682 SF 7.54 ac lot Built 1988
Entity Owned 16-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A professional office suite located on the second floor includes over 27 private offices, a large kitchen, four sets of bathrooms, a dedicated separately air-conditioned computer room, and multiple large conference rooms. The suite has a substantial window line providing natural light. Parking is provided at approximately 3.3 spaces per 1,000 square feet, and the property has two dedicated loading docks. The location is within Centennial Park at the junction of Route 128 and I-95, approximately 17 miles from Boston and Logan International Airport, and includes a campus-like setting with on-site hotels and in-park food options, with nearby retail, dining, recreational amenities, and service and health-care providers.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Construction FRAME
Total area 90,682 SF
Lot 7.54 ac (328,442 SF)
Zoning code IP
APN PEAB M:0091 B:0011
UPID US38-1828004

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • HVAC Service General Contractor
  • Insurance Agency
  • Employment Agency
  • Auto Repair Shop

Location

1 Corporation Way Peabody, MA 01960-7925
Peabody metro Census 210402 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.59M
Blend (final) Blend
$5.68M

Owner & transaction history

since 2009
4 recorded transactions
2009
Price N/A
1998
Price N/A
1995
Price N/A
1989
Price N/A

Zoning & alternative use

IP · Peabody, MA
Zoning description

IP Industrial Park. To provide for a large area where uses requiring the manufacture, assembly, processing or handling of materials can locate, along with related office facilities. 3.2.11 DDD Designated Development Dist…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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