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Property profile & analytics
OFF-MARKET
Estimated value
$35,195,000
Showrooms
11 Centennial Dr Peabody, MA 01960-7901
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0608980
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1984
Construction
FRAME
Total area
232,783 SF
Lot
14.1 ac (614,196 SF)
Zoning code
IP
APN
PEAB M:0092 B:0003
UPID
US38-0608980
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
-
Cardinal Health Factory Production Facility
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$37.36M
Blend (final)
Blend
$35.20M
Owner & transaction history
Lbh 11 Centennial Dr LLC · 5 yrs held
Lbh 11 Centennial Dr LLC
since 2020
7 recorded transactions
Zoning & alternative use
IP · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$55.8M
+10.8%
Retail stores
$51.8M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$50,315,000
Current use
AUTO REPAIR, GARAGE
$55,760,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$51,770,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$43,030,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$35.20M
Range $31.68M – $38.71M · ±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
$151 / 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
$494,427
Tax year 2024
Assessed value
$26,257,400
Assessed 2024
Previous assessed
$26,257,400
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$6,888,000
Assessed improvement
$19,369,400
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
2
Units
1
Total area
232,783 SF
Lot
14.1 ac (614,196 SF)
Zoning code
IP
APN
PEAB M:0092 B:0003
UPID
US38-0608980
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
IP · Peabody, MA
Zoning IP · permitted uses
IP · 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
$50.3M
AUTO REPAIR, GARAGE
Est. value
$55.8M
RETAIL STORES
Est. value
$51.8M
OFFICE BUILDING
Est. value
$43.0M
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
1984
Construction
FRAME
Heating
SPACE
Stories
2
Buildings
1
Units
1
Lot
14.1 ac
Current owner
From public records · entity-resolved
Lbh 11 Centennial Dr LLC
Entity
Mailing address
13218 W BROWARD BLVD, PLANTATION, FL 33325-2228
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2021
—
Lbh 11 Centennial Dr LLC
—
Deed
related
$29,000,000 · State Farm Life Insurance
Dec 16, 2020
$36,521,700
Lbh 11 Centennial Dr LLC
Daly Peabody LLC
Quit Claim Deed
—
Jan 7, 2020
—
Daly-peabody LLC
—
Deed
related
$5,500,000 · Td Bank NA
Dec 1, 2004
—
Daly Peabody LLC
—
Deed Of Trust
related
$4,500,000 · John Hancock Mutual Life Ins
Nov 17, 2004
$1
Daly Peabody LLC
Daly RT
Grant Deed
related
—
—
—
Daly Peabody LLC
—
Deed Of Trust
related
$6,000,000 · East Boston Svgs Bk
—
—
Daly Peabody LLC
—
Deed Of Trust
related
$6,000,000 · East Boston Svgs Bk
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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