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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Super regional malls
150 Main St Peabody, MA 01960-5653
Trust Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0328345
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1989
Construction
FRAME
Total area
24,650 SF
Lot
0.93 ac (40,572 SF)
Zoning code
BC
APN
PEAB M:0086 B:0155
UPID
US38-0328345
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
-
Vitoria Meat Market Grocery & Convenience Store Food Market
-
Timeless Ink Tattoos Tattoo & Piercing Shop
-
Alla Shikhanovich Dental Office
-
Copa Cabana Steakhouse Inc. Restaurant Buffet
-
Sina's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$738k
Blend (final)
Blend
$820k
Owner & transaction history
Karn Trust 2 · 8 yrs held
Karn Trust 2
since 2018
7 recorded transactions
Zoning & alternative use
BC · 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
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,065,000
Current use
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$33 / 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
$50,786
Tax year 2024
Assessed value
$2,697,100
Assessed 2024
Previous assessed
$2,697,100
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$606,900
Assessed improvement
$2,090,200
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
24,650 SF
Lot
0.93 ac (40,572 SF)
Zoning code
BC
APN
PEAB M:0086 B:0155
UPID
US38-0328345
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BC · Peabody, MA
Zoning BC · permitted uses
BC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Karn Trust 2
Trust
Mailing address
PO BOX 453, LYNNFIELD, MA 01940-0453
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
—
Karm RT II
—
Deed
related
$8,480,000 · Savers Cooperative Bank
Mar 16, 2018
$2,817,500
Karn Trust 2
Ricciardelli,gino
Quit Claim Deed
$2,100,000 · Rockland Tr
Jul 25, 2017
—
Ueda,hisako Trust
Ueda,shigeru
Quit Claim Deed
related
—
Jun 30, 2017
—
Ueda,hisako Trust
Ueda,shigeru
Quit Claim Deed
related
—
Jan 23, 2013
$1
Hisako Ueda Ret
Ueda,shigeru
Grant Deed
related
—
Aug 9, 2004
$1
Ft Mehdizadeh
Mehdizadeh,ayoub
Grant Deed
related
—
Oct 23, 1996
$2,100,000
Ayoub Mehdizadeh
Bierbrier,leonard H
Grant Deed
—
Dec 30, 1992
—
Lhb One Nt
—
Deed Of Trust
related
$1,350,000 · Neworld Bank Of Savings
Dec 23, 1988
—
L H B One Nt
—
Deed Of Trust
related
$2,316,000 · Bank Of Ne Northshore
Sep 16, 1988
—
L H B One Nt
—
Deed Of Trust
related
$400,000 · Baybank Harvard Trust
Jun 16, 1988
$710,000
L H B One Nominee Tr
Ira Hyandai INC
Grant Deed
—
Feb 4, 1988
$560,000
Ira Hyundai INC
Lobrida Rlty Tr
Grant Deed
—
Nov 20, 1987
—
Lobrida RT
—
Deed Of Trust
related
$630,000 · Ustrust/essex
Sep 3, 1987
$352,000
Lobrida Realty Trust
S & S Leather Co
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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