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Property profile & analytics
OFF-MARKET
Estimated value
$5,575,000
Investment properties
1 Main St Peabody, MA 01960-5779
Entity Owned
9-yr Hold
Property ID
US38-1646502
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1906
Construction
FRAME
Total area
30,733 SF
Lot
0.17 ac (7,362 SF)
Zoning code
BC
APN
PEAB M:0085 B:0173
UPID
US38-1646502
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Klimashov Kirill DDS Dental Office
-
Dr. Matteo Giamarco, DMD Dental Office
-
Henriquez Jessica DDS Dental Office
-
Dr. Jeffrey Malmquist, DMD Dental Office
-
Dr. Kerith E. Rankin, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.57M
Blend (final)
Blend
$5.58M
Owner & transaction history
1 Main Peabody LLC · 9 yrs held
1 Main Peabody LLC
since 2017
7 recorded transactions
Zoning & alternative use
BC · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.4M
+10.8%
Retail stores
$6.8M
+2.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Peabody submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Peabody submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,645,000
Current use
AUTO REPAIR, GARAGE
$7,360,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$6,835,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$5,680,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$5.58M
Range $5.02M – $6.13M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$181 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$23,640
Tax year 2019
Assessed value
$4,620,300
Assessed 2024
Previous assessed
$4,620,300
+0.0% YoY
Effective rate
0.51%
On assessed value
Assessed land
$261,800
Assessed improvement
$4,358,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1906
Construction
FRAME
Heating
HEAT PUMP
Buildings
1
Stories
3
Units
20
Bathrooms
20
Total area
30,733 SF
Lot
0.17 ac (7,362 SF)
Zoning code
BC
APN
PEAB M:0085 B:0173
UPID
US38-1646502
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BC · Peabody, MA
Zoning BC · permitted uses
BC · Peabody, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Peabody. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$7.4M
RETAIL STORES
Est. value
$6.8M
OFFICE BUILDING
Est. value
$5.7M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1906
Construction
FRAME
Heating
HEAT PUMP
Stories
3
Buildings
1
Units
20
Bathrooms
20
Lot
0.17 ac
Current owner
From public records · entity-resolved
1 Main Peabody LLC
Entity
Mailing address
18 MORNINGSIDE DR, TOPSFIELD, MA 01983-2297
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
—
One Main Peabody LLC
—
Deed
related
$3,800,000 · Rockland Trust Co
Jul 21, 2017
$1,470,000
1 Main Peabody LLC
407 Squire Road LLC
Foreclosure
related
$2,920,000 · Beverly Bank
May 9, 2017
—
407 Squire Rd LLC
—
Deed
related
$500,000 · Joy Barton
Jan 20, 2017
—
407 Squire Road LLC
—
Deed
related
$78,000 · Ahmad Debs
Aug 19, 2013
—
Square 2 RT
Square RT
Quit Claim Deed
related
—
Aug 19, 2013
$1,000,000
407 Squire Road LLC
Square 2 RT
Quit Claim Deed
$750,000 · Lowell Five Cent Savings
Jul 30, 2012
—
Square 2 RT
—
Deed Of Trust
related
$285,000 · East Boston Savings Bank
Jul 22, 2005
—
Square 2 RT
—
Deed Of Trust
related
$100,000 · North Shore Bank
Oct 8, 1993
—
R T Square
—
Deed Of Trust
related
$190,000 · Gary Needham
—
—
407 Squire Road LLC
—
Deed Of Trust
related
$78,000 · Ahmad Debs
—
—
407 Squire Rd LLC
—
Deed Of Trust
related
$500,000 · Joy Barton
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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