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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Medical Office Space
1 Orthopedics Dr Peabody, MA 01960-1668
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-0767683
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
STEEL FRAME
Total area
47,976 SF
Lot
3.45 ac (150,282 SF)
Zoning code
BR
APN
PEAB M:0062 B:0017-B
UPID
US38-0767683
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
-
Sports Medicine North Medical Clinic
-
Peabody Imaging Medical Clinic
-
Hugh M. O’Flynn, M.D. Physician
-
George Keira R Physician
-
Francis Sarah A Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
Shore Orthopedics R North · 22 yrs held
Shore Orthopedics R North
since 2003
7 recorded transactions
Zoning & alternative use
BR · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to provide space for large mixed commercial development that serves a regional market, which customers generally access by car so there is ample parking to serve the facility. Outdoor storage and use is allowed
Zone name
Regional Business
General category
COMMERCIAL
Zone area
436.79 ac
Source
Realmo
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
MEDICAL BUILDING
$3,455,000
Current use
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±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
$45 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$170,470
Tax year 2024
Assessed value
$9,053,100
Assessed 2024
Previous assessed
$9,053,100
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$2,072,000
Assessed improvement
$6,981,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
47,976 SF
Lot
3.45 ac (150,282 SF)
Zoning code
BR
APN
PEAB M:0062 B:0017-B
UPID
US38-0767683
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BR · Peabody, MAZoning BR · permitted uses
BR · Peabody, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is to provide space for large mixed commercial development that serves a regional market, which customers generally access by car so there is ample parking to serve the facility. Outdoor storage and use is allowed
Zone name
Regional Business
General category
COMMERCIAL
Zone area
436.79 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.5M
MEDICAL BUILDING Current
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
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
3.45 ac
Current owner
From public records · entity-resolved
Shore Orthopedics R North
Individual
Mailing address
1 ORTHOPEDICS DR, PEABODY, MA 01960-1668
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2024
—
North Shore Orthopedics R
—
Deed
related
$14,000,000 · Digital FCU
Apr 14, 2017
—
North Shore Orthopedic
—
Deed
related
$13,750,000 · Belmont Savings Bank
Oct 8, 2004
—
North Shore Orth Rlty LLC
—
Deed Of Trust
related
$10,580,000 · Citifinancial INC
Aug 21, 2003
$5,500,000
Shore Orthopedics R North
Ch & S Peabody LP
Grant Deed
$1,200,000 · Zuckerman Family Nomi
Aug 21, 2003
—
Shore Orthopedics R North
—
Deed Of Trust
related
$7,500,000 · Sovereign Bank
Sep 30, 1993
$950,000
Landfill In Northshore
Peabody Gunner Hill In
Grant Deed
—
Jul 2, 1993
$375,000
Wendys Old Fash Hambur
North Shore Motel N T
Grant Deed
—
May 15, 1987
$143,500
Beverly J Breda
North Shore Nom Tr
Grant Deed
$129,100 · Easthampton Savings Bank
May 4, 1987
$147,500
Steven M Spisak
North Shore Nom Tr
Grant Deed
$118,000 · Bank Of Ne Essex
Apr 13, 1987
$176,500
Anthony N -truesdale
North Shore Nt
Grant Deed
$141,200 · First Essex Savings Bank
Mar 2, 1987
$105,000
Walter C Grover
North Shore Nom Tr
Grant Deed
$225,000 · Bank Of Ne Essex
—
—
North Shore Orthopedics
—
Deed Of Trust
related
$250,000 · Belmont Svgs Bk
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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