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    Property profile & analytics

    1 Railroad Ave Peabody, MA 01960-4311

    • Turn key restaurants
    • 792 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Last Sale
    Sep 26, 2024
    $275,000
    Location Intelligence
    Property ID
    US38-1207547
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Little Depot Diner / Diner / American Restaurant

    Property Details for 1 Railroad Ave

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.05 lot acres
    Property size
    792 SF
    Zone code
    BC
    Property type
    Turn key restaurants
    APN
    PEAB M:0085 B:0231-A
    APU
    PEABM0085B0231A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $410,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $380,000
      Retail
      $345,000
      Mixed-Use
      $380,000
      Hospitality
      $410,000
      Educational
      $385,000
      Residential Income
      $375,000
      Energy
      $355,000
      Income-Based Land
      $415,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9276
    Latitude
    42.527
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,734
    $118,400
    $26,800
    $145,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,090 SF

      151 Newbury St

      RESTAURANT • 9,090 SF
      151 Newbury St, Peabody, MA 01960-3812
      View Details
    • Value Estimation by Request
      34,289 SF

      10 Newbury St

      RESTAURANT • 34,289 SF
      10 Newbury St, Peabody, MA 01960-3805
      View Details
    • Value Estimation by Request
      5,472 SF

      9th Sylvan St

      RESTAURANT • 5,472 SF
      9th Sylvan St, Peabody, MA 01960-1606
      View Details
    • Value Estimation by Request
      1,726 SF

      256 Andover St

      RESTAURANT • 1,726 SF
      256 Andover St, Peabody, MA 01960-1502
      View Details
    • Value Estimation by Request
      5,400 SF

      203 Newbury St

      RESTAURANT • 5,400 SF
      203 Newbury St, Peabody, MA 01960-2411
      View Details
    • Value Estimation by Request
      6,282 SF

      96 Newbury St

      RESTAURANT • 6,282 SF
      96 Newbury St, Peabody, MA 01960-3806
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      7,755 SF restaurant space with basement for lease.
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      12,615 SF

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      Up to 12,615 SF retail space with drive-thru.
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    • $14 SF/Yr
      9,750 SF

      Renovated Mill Building with Flexible Space

      Three-story mill building with modern renovated space and flexible lease terms.
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      1,702 SF

      Retail Space in Peabody Center

      Retail space available in neighborhood shopping center anchored by CVS.
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    Property Visit Statistics

    • Visits by month
      690
    • Visitors by month
      635
    • Avg Time on site
      14 min
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    1 Railroad Ave
    Peabody, MA 01960-4311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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