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    150 Main St Peabody, MA 01960-5653
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    Property profile & analytics

    150 Main St, Peabody, MA 01960-5653

    View on Map
    • Super regional malls
    • 24,650 SF
    • 0.93 lot acres
    Off-Market
    Property ID
    US38-0328345
    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
    $820,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 150 Main St

    Year built
    1989
    Construction
    FRAME
    Lot size
    0.93 lot acres
    Zone code
    BC
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    PEAB M:0086 B:0155
    APU
    PEABM0086B0155

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 27, 2023 — Karm RT II — Deed · related $8.5M · Savers Cooperative Bank
    Mar 16, 2018 $2,817,500 Karn Trust 2 Ricciardelli,gino Quit Claim Deed $2.1M · 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 $1.4M · Neworld Bank Of Savings
    Dec 23, 1988 — L H B One Nt — Deed Of Trust · related $2.3M · Bank Of Ne Northshore
    Sep 16, 1988 — L H B One Nt — Deed Of Trust · related $400k · 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 $630k · Ustrust/essex
    Sep 3, 1987 $352,000 Lobrida Realty Trust S & S Leather Co Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $905,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $738,000
      Market price range: $730k - $1.55M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,065,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9214
    Latitude
    42.5239
    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
    $50,786
    $606,900
    $2,090,200
    $2,697,100
    -
    $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
      $1,420,000
      31,642 SF

      79 Lynnfield St

      REGIONAL SHOPPING CENTER, MALL
      79 Lynnfield St, Peabody, MA 01960-5201
      View Details
    • Value Estimation
      $785,000
      25,000 SF

      134 Newbury St

      REGIONAL SHOPPING CENTER, MALL
      134 Newbury St, Peabody, MA 01960-3851
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      5,385 SF

      Leased Commercial Property For Sale

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

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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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      5,385 SF

      Prime Commercial Property in Peabody

      Two-unit, fully leased commercial property with income potential.
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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
      View Details
    • Contact for pricing
      1,702 SF

      Retail Space in Peabody Center

      Retail space available in neighborhood shopping center anchored by CVS.
      79 Lynnfield St, Peabody, MA 01960
      View Details
    • Contact for pricing
      1,000 SF

      Central Peabody Retail/Office Space

      Versatile 1,000 SF space in desirable Peabody location.
      101 Foster St, Peabody, MA 01960
      View Details
    • Contact for pricing
      994 SF

      Peabody Retail Space For Lease

      Retail space in central Peabody with high visibility.
      2 Main St, Peabody, MA 01960
      View Details
    • Contact for pricing

      Renovated Mill Building with Potential

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      Peabody Commercial Space For Rent

      High-visibility commercial space in a multi-tenant strip center.
      8 Bourbon St, Peabody, MA 01960
      View Details

    Property Visit Statistics

    • Visits by month
      47.4k
    • Visitors by month
      28.6k
    • Avg Time on site
      9 min
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    Peabody, MA 01960-5653
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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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