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Property profile & analytics
OFF-MARKET
Estimated value
$8,390,000
Showrooms
119 Foster St AR, Peabody, MA 01960-5933
Entity Owned
8-yr Hold
Free & Clear
Property ID
US38-1753178
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1918
Construction
FRAME
Total area
51,722 SF
Lot
1.6 ac (69,696 SF)
Zoning code
GB
APN
PEAB M:0094 B:0007-A
UPID
US38-1753178
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
$9.12M
Blend (final)
Blend
$8.39M
Owner & transaction history
Wsp Peabody LLC · 8 yrs held
Wsp Peabody LLC
since 2018
7 recorded transactions
Zoning & alternative use
GB · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.4M
+10.8%
Retail stores
$11.5M
+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
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)
$11,180,000
Current use
AUTO REPAIR, GARAGE
$12,390,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$11,505,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$9,560,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$8.39M
Range $7.55M – $9.23M · ±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
$162 / 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
$120,631
Tax year 2024
Assessed value
$6,406,300
Assessed 2024
Previous assessed
$6,406,300
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$956,400
Assessed improvement
$5,449,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1918
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
3
Total area
51,722 SF
Lot
1.6 ac (69,696 SF)
Zoning code
GB
APN
PEAB M:0094 B:0007-A
UPID
US38-1753178
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$12.4M
RETAIL STORES
Est. value
$11.5M
OFFICE BUILDING
Est. value
$9.6M
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
1918
Construction
FRAME
Heating
SPACE
Stories
3
Buildings
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Wsp Peabody LLC
Entity
Free & Clear · 8 yrs held
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2018
$4,290,000
Wsp Peabody LLC
Stor U Self Of Peabody LP
Quit Claim Deed
—
Jan 7, 2013
—
Michael P Chiaradonna
—
Deed Of Trust
related
$20,000 · 58 Pulaski LLC
Apr 28, 2004
$1,125,000
119 Foster St Prop LLC
Peabody Steam Nt
Grant Deed
$575,000 · Salem Five Cents Savings Bank
Apr 9, 2003
—
Stor U Self Of Peabody Lt
—
Deed Of Trust
related
$1,495,000 · Boston Private Bank
Apr 2, 2003
—
Steam Nt Peabody
—
Deed Of Trust
related
$1,000,000 · Danvers Savings Bank
Jan 21, 2003
—
Rtw RT
—
Deed Of Trust
related
$150,000 · Danvers Savings Bank
Dec 20, 2002
—
C RT
—
Deed Of Trust
related
$300,000 · North Shore Bank
May 17, 2002
$825,000
Stor U Self Peabody LP
Naumkeag Assoc LLC
Grant Deed
—
Dec 2, 1994
$235,000
William C Teague
Matz,bertram
Grant Deed
$185,000 · Zenon Grzybowski
Jun 14, 1994
$165,000
Bertram Matz
Pmd RT
Grant Deed
—
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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