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    Property profile & analytics

    10 Dearborn Rd Peabody, MA 01960-8836

    • Commercial real estate
    • 41,633 SF
    • 3.02 lot acres
    OFF-MARKET
    Value Estimations
    $5,885,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1584113
    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

    • Center for Professional Development / Training Center
    • Bridgewell Headquarters / Charitable Organization / Social Service Agency
    • National Health & Nutrition / Social Service Agency / Charitable Organization
    • Bridgwell / Community Center

    Property Details for 10 Dearborn Rd

    Year built
    1984
    Construction
    FRAME
    Lot size
    3.02 lot acres
    Property size
    41,633 SF
    Zone code
    DDD
    Property type
    Commercial real estate
    APN
    PEAB M:0079 B:0004-A
    APU
    PEABM0079B0004A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,699,000
      Market price range: $5.70M - $11.9M
      AI Estimate
      $3,761,000
      Market price range: $2.22M - $11.9M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $9,000,000
      Current use
      RETAIL STORES
      $9,260,000
      Change: +3% Conversion: Easy
      OFFICE BUILDING
      $7,695,000
      Change: -14% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.989
    Latitude
    42.5239
    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
    2017
    $69,622
    $1,570,100
    $1,800,200
    $3,370,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $655,000
      3.10 Acres

      240 Newbury St

      COMMERCIAL (GENERAL) • 3.10 Acres
      240 Newbury St, Peabody, MA 01960-7466
      View Details
    • Value Estimation
      $35,195,000
      232,783 SF

      11 Centennial Dr

      SHOW ROOM, WAREHOUSE • 232,783 SF
      11 Centennial Dr, Peabody, MA 01960-7901
      View Details
    • Value Estimation by Request
      1,628 SF

      80 Foster St, Unit 104

      COMMERCIAL CONDOMINUIM • 1,628 SF
      80 Foster St, Peabody, MA 01960-5953
      View Details
    • Value Estimation by Request
      240 SF

      Mason St

      SHOW ROOM, WAREHOUSE • 240 SF
      Mason St, Peabody, MA 01960
      View Details
    • Value Estimation
      $19,615,000
      28.30 Acres

      140 Smt St

      COMMERCIAL (GENERAL) • 28.30 Acres
      140 Smt St, Peabody, MA 01960-5156
      View Details
    • Value Estimation
      $34,330,000
      156,586 SF

      1 2nd St

      SHOW ROOM, WAREHOUSE • 156,586 SF
      1 2nd St, Peabody, MA 01960-4957
      View Details

    Similar Nearby for Sale

    • $444,999

      16 Bourbon St, Peabody, MA 01960

      Commercial real estate
      16 Bourbon St, Peabody, MA 01960
      View Details
    • $1,200,000
      0.07 Acres

      Peabody Commercial Property Investment

      High-yield, two-unit leased building.
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      Approved Condominium Development Opportunity

      Approved 22-unit condominium project near Route 114 in Peabody.
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      10,364 SF

      Peabody Office/Flex Facility For Sale

      10,364 SF office/flex building with warehouse space and loading dock.
      100 Summit St, Peabody, MA 01960
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    • Contact for pricing
      900 SF

      Peabody Office Condo For Sale

      900 SF office condo with exam rooms and office.
      6 Essex Center Dr, Peabody, MA 01960
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    • Contact for pricing
      3,000 SF

      Prime Retail Space on Route 1

      High-visibility retail space available on a highly traveled corridor.
      82 Newbury St, Peabody, MA 01960
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      42,710 SF

      Distribution Facility Near Boston Airport

      42,710 SF distribution space, 15 miles from Logan Airport.
      1 Technology Dr, Peabody, MA 01960
      View Details
    • Contact for pricing
      66,000 SF

      Proposed R&D/Industrial Building

      Proposed 66,000 SF R&D/industrial building in Centennial Park.
      Technology Dr, Peabody, MA 01960
      View Details
    • Contact for pricing
      18,297 SF

      Peabody Office Suite with Loading

      Professional office suite with natural light and loading docks.
      1 Corporation Way, Peabody, MA 01960
      View Details
    • $800 /Mo

      Downtown Peabody Office Suite

      Office suite in downtown Peabody, suitable for various uses.
      24 Main St, Peabody, MA 01960
      View Details
    • $31 SF/Yr
      1,643 SF

      Modern Office Space on Route 114

      Bright, flexible commercial suite with high visibility and ample parking.
      255 Andover St, Peabody, MA 01960
      View Details
    • Contact for pricing
      1,864 SF

      Prime Commercial Space on Route 1

      High-visibility space ideal for retail, office, or medical use.
      8 Bourbon St, Peabody, MA 01960
      View Details
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    10 Dearborn Rd
    Peabody, MA 01960-8836
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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