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Property profile & analytics
OFF-MARKET
Estimated value
$8,085,000
Showrooms
109 Newbury St Peabody, MA 01960-3810
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1511174
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2014
Total area
56,150 SF
Lot
4.71 ac (205,168 SF)
Zoning code
DDD
APN
PEAB M:0069 B:0008-X
UPID
US38-1511174
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
-
Greenworks Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.64M
Blend (final)
Blend
$8.09M
Owner & transaction history
Greenworks LLC · 4 yrs held
Greenworks LLC
since 2022
Last sale
$7.7M
4 recorded transactions
Zoning & alternative use
DDD · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.5M
+10.8%
Retail stores
$12.5M
+2.9%
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
$8,615,000
ML approach
$8,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,135,000
Current use
AUTO REPAIR, GARAGE
$13,450,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$12,490,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$10,380,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$8.09M
Range $7.28M – $8.89M · ±10% · vs last sale $7.70M (May 17 2022)
Last sale anchor
$7.70M
May 17 2022
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
$144 / 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
$140,833
Tax year 2024
Assessed value
$7,479,200
Assessed 2024
Previous assessed
$7,479,200
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$3,432,300
Assessed improvement
$4,046,900
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2014
Heating
SPACE
Buildings
1
Stories
1
Total area
56,150 SF
Lot
4.71 ac (205,168 SF)
Zoning code
DDD
APN
PEAB M:0069 B:0008-X
UPID
US38-1511174
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
DDD · Peabody, MA
Zoning DDD · permitted uses
DDD · Peabody, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Peabody. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$13.5M
RETAIL STORES
Est. value
$12.5M
OFFICE BUILDING
Est. value
$10.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2014
Heating
SPACE
Stories
1
Buildings
1
Lot
4.71 ac
Current owner
From public records · entity-resolved
Greenworks LLC
Entity
Mailing address
18500 N ALLIED WAY, PHOENIX, AZ 85054-6164
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$7,700,000
Greenworks LLC
Greenworks Park LLC
Quit Claim Arm's Length For Ne States
—
Sep 5, 2013
—
Greenworks Park LLC
R1 Realty INC
Quit Claim Deed
related
$12,500,000 · Gary Needham
May 13, 2011
$2,050,000
Greenworks Park LLC
R One Realty INC
Grant Deed
$1,400,000 · Gary Needham
—
—
Yellow Tulip LLC
—
Deed Of Trust
related
$2,050,000 · Greenworks Pk LLC
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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