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Property profile & analytics
FOR LEASE
Manufacturing properties
119 Foster St Peabody, MA 01960
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US38-0385409
For Lease
1 / 2
$1,020,000
119 Foster St, Peabody, MA 01960
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Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1910
Construction
FRAME
Total area
12,542 SF
Lot
0.34 ac (14,723 SF)
Zoning code
GB
APN
PEAB M:0094 B:0007-G
UPID
US38-0385409
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
-
Life Storage Storage Facility
-
Coastal Woodworking General Contractor
-
Kitchen Techniques Building Supply Hardware & Home Improvement
-
United Hand & Rehab Services Medical Clinic
-
Saulnier Epoxy Floors General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.02M
Owner & transaction history
Steam Nt Peabody · 24 yrs held
Steam Nt Peabody
since 2002
7 recorded transactions
Zoning & alternative use
GB · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$81 / 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
$12,774
Tax year 2024
Assessed value
$678,400
Assessed 2024
Previous assessed
$678,400
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$298,700
Assessed improvement
$379,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1910
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
1
Total area
12,542 SF
Lot
0.34 ac (14,723 SF)
Zoning code
GB
APN
PEAB M:0094 B:0007-G
UPID
US38-0385409
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GB · Peabody, MA
Zoning GB · permitted uses
GB · 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.
Building & site characteristics
From public records
Year built
1910
Construction
FRAME
Heating
STEAM
Stories
1
Buildings
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Steam Nt Peabody
Individual
Mailing address
PO BOX 606, PEABODY, MA 01960-7606
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2004
—
Rtw Realty LLC
—
Deed Of Trust
related
$1,392,000 · North Shore Bank
May 15, 2002
$225,000
Steam Nt Peabody
119 Foster St LLC
Grant Deed
$700,000 · Danvers Savings Bank
May 10, 2002
—
Rtw RT
—
Deed Of Trust
related
$190,000 · Peabody City Comn Dev
Apr 26, 2002
—
Rtw RT
—
Deed Of Trust
related
$575,000 · Danvers Savings Bank
Nov 19, 2001
$2,000
Rw Nt
Eastman Gelatine Corp
Grant Deed
$140,000 · North Shore Bank
Oct 29, 2001
—
Amch Realty Co LLC
—
Deed Of Trust
related
$102,000 · Yarmouth Town
Sep 21, 2001
—
119r Foster Street RT
—
Deed Of Trust
related
$500,000 · North Shore Bank
Aug 8, 2001
—
William C Teague
—
Deed Of Trust
related
$175,000 · Century Bank & Trust Co
Nov 17, 2000
$114,000
Peabody City Of
Cimmino,steven R
Grant Deed
$80,000 · Salem Five Mortgage Corp
Sep 23, 1999
—
119 R Foster St. RT
—
Deed Of Trust
related
$164,000 · Peabody City Of
Jul 28, 1999
$100,000
119 R Foster Street RT
Peabody City Of
Grant Deed
$400,000 · Danvers Savings Bank
May 28, 1999
$550,000
Naumkeag Assoc One LLC
Initio Acquistion Corp
Grant Deed
$275,000 · Zenon Grzybowski
Oct 2, 1998
$267,500
119 Foster Street LLC
Dagmara T
Grant Deed
—
Oct 2, 1998
—
119 St LLC
—
Deed Of Trust
related
$214,000 · Salem Five Cents Savings Bank
Jun 12, 1998
$30,538
Ns RT
Peabody City Of
Grant Deed
—
May 14, 1997
$10,000
119 Foster Street LLC
Lama RT
Grant Deed
—
Jan 7, 1994
$290,000
Peabody City Of
Triangle North Prop RT
Grant Deed
—
Mar 17, 1988
$630,000
Lama Rlty Tr
Nardella Rlty Tr
Grant Deed
$700,000 · Boston Trade Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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