1 Technology Dr Peabody, MA 01960
Property profile & analytics
1 Technology Dr Peabody, MA 01960
- Showrooms
- 182,380 SF
- 14.20 lot acres
Property ID
US38-0653655
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.
Location Intelligence
Current Use by Public Records
- Stavis Seafoods Frozen Center / Take-out & Catering / Fish Market
- Nippon Express / Freight Service / Logistics Company
- Associated Global Systems / Freight Service / Logistics Company
- CNE Direct Inc. / Corporate Office
- Associated Global Systems C/O Nippon Express USA / Logistics Company / Freight Service
Property Details for 1 Technology Dr
- Year built
- 1981
- Lot size
- 14.20 lot acres
- Property size
- 182,380 SF
- Zone code
- IP
- Property type
- Showrooms
- APN
- PEAB M:0100 B:0208
- APU
- PEABM0100B0208
Description
This exceptional 42,710-square-foot warehouse, located at 1 Technology Drive in Peabody, Massachusetts, presents a unique opportunity for businesses seeking a strategically positioned industrial space. Built in 1982 and extensively renovated in 2017, the property boasts a single-tenant occupancy and offers immediate availability. The warehouse features a substantial 28-foot ceiling height, providing ample vertical storage capacity. Three loading docks ensure efficient loading and unloading operations, while the expansive 178 striped parking spaces accommodate both employees and visitors. Situated in Essex County, this property benefits from its prime location within a premier "last-mile" industrial campus, offering unparalleled access to major transportation arteries. Its proximity to Logan International Airport (just 15 miles north) and Downtown Boston (18 miles away) provides exceptional logistical advantages for businesses requiring seamless distribution networks. The property's modern amenities and strategic location make it an ideal choice for a variety of industrial and distribution operations. This single-tenant warehouse offers a rare opportunity to secure a well-maintained, high-quality space in a highly sought-after location. The property is ready for immediate occupancy.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- Off market
-
CAP approach
- CAP Return
- Estimation
- 6%
- $61,555,000
- 6.5%
- $56,820,000
- 7%
- $52,760,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $36,321,000
Market price range: $25.0M - $51.9M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $39,420,000 Current use
- RESTAURANT
- $62,950,000 Change: +60% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $58,315,000 Change: +48% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $43,685,000 Change: +11% Conversion: Difficult
- RETAIL STORES
- $40,560,000 Change: +3% Conversion: Easy
- OFFICE BUILDING
- $33,710,000 Change: -14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Peabody
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9673
- Latitude
- 42.5181
- 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
$480,653
$6,934,600
$18,591,300
$25,525,900
-
$0.00
$0.00
$0.00
