Entity Owned 
For Sale
1 / 32
$1,285,000
149 Washington St, Peabody, MA 01960
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Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Construction
FRAME
Total area
4,617 SF
Lot
0.07 ac (3,223 SF)
Zoning code
BN2
APN
PEAB M:0095 B:0017
UPID
US38-0673876
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Pharmacy
-
Social Service Agency Charitable Organization
-
(Bike/Boat/Book/etc) Store Pharmacy
-
Discount Store (Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$972k
Blend (final)
Blend
$850k
Owner & transaction history
since 2016
7 recorded transactions
Zoning & alternative use
BN2 · Peabody, MA
Zoning description
or site improvements in the BC zoning district and portions of the GB, GBD, BN, BN2, R2 and R4 zoning districts in the vicinity of the Downtown as set forth in the Main Street Subdistrict, Walnut/Foster Street Subdistric…
General category
COMMERCIAL
Top alternative use upside
Auto repair, garage
$1.1M
+10.8%
Retail stores
$1.0M
+2.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$850k
Value range
$765k – $935k
±10% around blend
Estimated value / SF
$184 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$765k
blend $850k
$935k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,617 SF
Lot area
0.07 ac
Year built
1890
Stories
3
APN
PEAB M:0095 B:0017
Zoning
BN2
Assessed value
$682,900
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.42M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.1 mi away · 3,264 SF
2.1 mi away · 4,290 SF
3.1 mi away · 3,624 SF
9.2 mi away · 4,568 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$850k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 44 sales
$216
-15%
Submarket 44 sales
$216
-15%
County 725 sales
$199
-8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $184/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+11%
vs current-use indication
Retail Stores
Commercial (general) · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
7.28%
Selected cap rate for this investment properties
Derived from the Peabody market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.28%
9.0%
NOI (est.)
$93k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.28M
Move the market yield to see immediate price impact.
Value / SF
$278
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.78%7.28%7.78%
$84k
$1.24M
$1.16M
$1.08M
$93k
$1.38M
$1.28M
$1.20M
$103k
$1.52M
$1.41M
$1.32M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$895k
1.3 mi · Feb 2026 · $237/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$682,900
Assessed 2024
Previous assessed
$682,900
+0.0% YoY
Assessed land
$241,100
Assessed improvement
$441,800
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1890
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Units
4
Total area
4,617 SF
Lot
0.07 ac (3,223 SF)
Zoning code
BN2
APN
PEAB M:0095 B:0017
UPID
US38-0673876
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BN2 · Peabody, MAZoning BN2 · permitted uses
BN2 · Peabody, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
or site improvements in the BC zoning district and portions of the GB, GBD, BN, BN2, R2 and R4 zoning districts in the vicinity of the Downtown as set forth in the Main Street Subdistrict, Walnut/Foster Street Subdistric…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1890
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Units
4
Lot
0.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
BN2
COMMERCIAL
Jurisdiction
Peabody, MA
Recorded code
BN2
Official district
BN2
Official district profile
What the municipal code says about BN2
Zoning description
or site improvements in the BC zoning district and portions of the GB, GBD, BN, BN2, R2 and R4 zoning districts in the vicinity of the Downtown as set forth in the Main Street Subdistrict, Walnut/Foster Street Subdistric…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BN2 in Peabody, MA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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