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    124 Newbury St Peabody, MA 01960-4066
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    Property profile & analytics

    124 Newbury St, Peabody, MA 01960-4066

    View on Map
    • Super regional malls
    • 11,450 SF
    • 1.36 lot acres
    Off-Market
    Property ID
    US38-0197906
    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.
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dunkin' / Cafe & Coffee Shop
    • Star Kreations Extensions & Braids Salon / Hair Salon
    • PEABODY SMILE DESIGN / Dental Office
    • Awaken180° Weightloss - Peabody, MA / Weight Loss Service / Nutritionist
    • WiWe Car Towing's / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 124 Newbury St

    Year built
    2010
    Lot size
    1.36 lot acres
    Zone code
    BR1
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    PEAB M:0058 B:0001
    APU
    PEABM0058B0001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2016 — Kambos LLC — Deed · related $3M · Inst Svgs Newburyport
    Jul 13, 2010 $1,800,000 Kambos LLC Java Acquisition Co LLC Grant Deed —
    Aug 17, 2006 $3,050,000 Java Acquisition Co LLC 120 Newbury RT Grant Deed —
    Aug 15, 1996 — Wah Food Service RT — Deed Of Trust · related $380k · Us Trust Co Essex
    Jun 13, 1994 — 120 Newbury RT — Deed Of Trust · related $235k · Donna Coughlin
    Nov 5, 1993 — Newbury R T 120 — Deed Of Trust · related $600k · Saugus Bank & Trust
    Jun 10, 1993 $695,000 Wah Food Service R T Tellier,edward A Grant Deed $400k · Ustrust/essex
    Jun 10, 1993 — Wah Food Service R T — Deed Of Trust · related $200k · Zenon Grzybowski
    Nov 3, 1987 $133,291 120 Newbury RT Luongo RT Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $770,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $721,000
      Market price range: $339k - $722k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $495,000
      Current use
      RETAIL STORES
      $950,000
      Change: +92% Conversion: Easy
      MEDICAL BUILDING
      $825,000
      Change: +67% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9908
    Latitude
    42.5342
    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
    2024
    $55,980
    $1,113,400
    $1,859,500
    $2,972,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,145,000
      43,958 SF

      215 Newbury St

      REGIONAL SHOPPING CENTER, MALL
      215 Newbury St, Peabody, MA 01960-2414
      View Details
    • Value Estimation
      $840,000
      14,715 SF

      240 Andover St

      REGIONAL SHOPPING CENTER, MALL
      240 Andover St, Peabody, MA 01960-1536
      View Details
    • Value Estimation
      $955,000
      34,109 SF

      6 Bourbon St

      REGIONAL SHOPPING CENTER, MALL
      6 Bourbon St, Peabody, MA 01960-7479
      View Details
    • Value Estimation
      $1,185,000
      23,828 SF

      10 Sylvan St

      REGIONAL SHOPPING CENTER, MALL
      10 Sylvan St, Peabody, MA 01960-9000
      View Details
    • Value Estimation
      $820,000
      24,650 SF

      150 Main St

      REGIONAL SHOPPING CENTER, MALL
      150 Main St, Peabody, MA 01960-5653
      View Details
    • Value Estimation
      $970,000
      33,200 SF

      515 Lowell St

      REGIONAL SHOPPING CENTER, MALL
      515 Lowell St, Peabody, MA 01960-1382
      View Details

    Similar Nearby for Sale

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      Two properties: restaurant and parking lot with development potential.
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      Leased Commercial Property For Sale

      Commercial property in Peabody with two fully leased units.
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      High-Visibility Commercial Building For Sale

      Standalone commercial building in a strong retail corridor of Peabody, MA.
      37 Margin St, Peabody, MA 01960
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      Leased Commercial Property in Peabody

      Two-unit commercial property with steady income stream in Peabody.
      49 Lowell St, Peabody, MA 01960
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      4,640 SF

      High-Visibility Commercial Building in Peabody

      Standalone commercial building in a strong retail corridor, excellent visibility.
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    Similar Nearby for Lease

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      14,315 SF

      Peabody Retail Space For Lease

      Retail space available in Peabody's anchored shopping center.
      300 Andover St, Peabody, MA 01960
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      1,702 SF

      Retail Space in Peabody Center

      Retail space available in neighborhood shopping center anchored by CVS.
      79 Lynnfield St, Peabody, MA 01960
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      8,000 SF

      Peabody Warehouse Space Available

      4,000 sq ft warehouse space with high visibility.
      141 Summit St, Peabody, MA 01960
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      2,000 SF

      Peabody Retail Space Available

      2,000 SF retail space for lease in Peabody.
      100 Corporate Pl, Peabody, MA 01960
      View Details
    • Contact for pricing
      12,615 SF

      Former Walgreens Retail Space Available

      Up to 12,615 SF retail space with drive-thru.
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      View Details
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      Downtown Peabody Versatile Commercial Space

      Versatile commercial space in downtown Peabody, ideal for trade company.
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    Property Visit Statistics

    • Visits by month
      21.0k
    • Visitors by month
      15.1k
    • Avg Time on site
      14 min
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    Peabody, MA 01960-4066
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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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