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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Medical Office Space
1 Roosevelt Ave Peabody, MA 01960-2200
Entity Owned
6-yr Hold
Free & Clear
Property ID
US38-0479641
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1964
Construction
FRAME
Total area
13,544 SF
Lot
1.98 ac (86,249 SF)
Zoning code
R1
APN
PEAB M:0024 B:0041
UPID
US38-0479641
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
-
Peter Van Twuyver Physician
-
Dr. Michael Medlock Pediatrician Medical Clinic
-
Coastal Dental Arts Peabody Dental Office
-
Huang Wynne MD Physician
-
Dr. Marissa Kuhnen Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$854k
Blend (final)
Blend
$710k
Owner & transaction history
Alna Medical Realty LLC · 6 yrs held
Alna Medical Realty LLC
since 2020
3 recorded transactions
Zoning & alternative use
R1 · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
- Driveways. Driveway entrances in all districts excluding R-1, R-1A, R-1B and R-2 zoning districts shall be a minimum of 12 feet in width for one-way traffic and 20 feet wide for two-way traffic. Driveway entrances in R1, R1A, R1B, and R2 zoning districts shall be a minimum of 12 feet in width with minimum paved area for off-street parking as required in Se…
Zone name
Single Family Residence
General category
RESIDENTIAL
Zone area
3,676.24 ac
Top alternative use upside
Retail stores
$1.1M
+15.3%
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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$975,000
Current use
RETAIL STORES
$1,125,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$52 / 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
$44,070
Tax year 2024
Assessed value
$2,340,400
Assessed 2024
Previous assessed
$2,340,400
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,155,000
Assessed improvement
$1,185,400
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
1964
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
6
Total area
13,544 SF
Lot
1.98 ac (86,249 SF)
Zoning code
R1
APN
PEAB M:0024 B:0041
UPID
US38-0479641
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R1 · Peabody, MAZoning R1 · permitted uses
R1 · Peabody, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
- Driveways. Driveway entrances in all districts excluding R-1, R-1A, R-1B and R-2 zoning districts shall be a minimum of 12 feet in width for one-way traffic and 20 feet wide for two-way traffic. Driveway entrances in R1, R1A, R1B, and R2 zoning districts shall be a minimum of 12 feet in width with minimum paved area for off-street parking as required in Section 9. A permit from the building inspector shall be required for driveways and
Zone name
Single Family Residence
General category
RESIDENTIAL
Zone area
3,676.24 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$975,000
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING Current
RETAIL STORES
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
1964
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
6
Lot
1.98 ac
Current owner
From public records · entity-resolved
Alna Medical Realty LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1 ROOSEVELT AVE STE #201, PEABODY, MA 01960-2227
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
$2,400,000
Alna Medical Realty LLC
Roosevelt
Quit Claim Deed
—
Aug 9, 2013
—
Roosevelt RT
Cerniglia,joseph A & Nancy M
Quit Claim Deed
related
—
Jun 11, 2013
—
Joseph A Cerniglia
1 Roosevelt T
Quit Claim Deed
related
—
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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