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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Super regional malls
128 Newbury St, Peabody, MA 01960-3849
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-0387662
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1963
Construction
FRAME
Total area
18,852 SF
Lot
1.24 ac (53,927 SF)
Zoning code
BR1
APN
PEAB M:0057 B:0074
UPID
US38-0387662
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
-
Zero Newbury Street Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Olympia Development Corp · 1 yrs held
Olympia Development Corp
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
BR1 · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.5M
+204.9%
Auto repair, garage
$2.3M
+185.9%
Retail stores
$1.6M
+92.4%
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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,485,000
Change: +205% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,330,000
Change: +186% · Conversion: Difficult
RETAIL STORES
$1,565,000
Change: +92% · Conversion: Easy
MEDICAL BUILDING
$1,360,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Jul 30 2024)
Last sale anchor
$1.50M
Jul 30 2024
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
$80 / 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
$14,853
Tax year 2024
Assessed value
$788,800
Assessed 2024
Previous assessed
$788,800
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$772,300
Assessed improvement
$16,500
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1963
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
5
Total area
18,852 SF
Lot
1.24 ac (53,927 SF)
Zoning code
BR1
APN
PEAB M:0057 B:0074
UPID
US38-0387662
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BR1 · Peabody, MA
Zoning BR1 · permitted uses
BR1 · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
1963
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
5
Lot
1.24 ac
Current owner
From public records · entity-resolved
Olympia Development Corp
Entity
Free & Clear · 1 yrs held
Mailing address
128 N NEWBURY ST, PEABODY, MA 01960-3849
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2024
—
Circle Storage LLC
—
Deed
related
$6,000,000 · Raymond C Green T
Jul 30, 2024
$1,500,000
Olympia Development Corp
South Pike LLC
Quit Claim Arm's Length For Ne States
—
Nov 24, 2023
—
South Pike LLC
Race Peabody LLC
Quit Claim Deed
related
—
Nov 24, 2023
$5,850,000
Peabody Apt Vent LLC
Race Peabody LLC
Quit Claim Arm's Length For Ne States
$43,998,132 · Eastern Bank
Jun 22, 2017
—
Race Peabodye LLC
10 Winthrop Properties
Quit Claim Deed
related
—
Jun 22, 2017
$3,500,000
Circle Storage LLC
Raymond C Green LLC
Quit Claim Deed
$3,500,000 · Green Raymond C Tr (pt)
Jun 15, 2017
$2,100,000
Race Peabody LLC
Winona Realty LLC
Foreclosure
related
—
Jan 7, 2016
—
10 Winthrop Props INC
Raymond C Green LLC
Quit Claim Deed
related
—
Jun 6, 2014
$200,000
South Pike LLC
Riro Realty Corp
Quit Claim Deed
$2,000,000 · Raymond C Green INC
Jun 6, 2014
$1,000,000
Gfm Development LLC
Riro Realty Corp
Quit Claim Deed
$1,300,000 · Raymond C Green INC
May 20, 2008
—
Winona Realty LLC
—
Deed Of Trust
related
$200,000 · Boston Private Bank
Nov 30, 2007
$1,850,000
Winona Realty LLC
Riro Realty Corp
Deed
$1,250,000 · Boston Bank Commerce
Nov 30, 2007
—
Winona Realty LLC
—
Deed Of Trust
related
$950,000 · Riro Realty Corp
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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