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Property profile & analytics
FOR LEASE
Commercial land
17 Centennial Dr, Peabody, MA 01960
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US38-0165227
For Lease
1 / 2
$6,120,000
17 Centennial Dr, Peabody, MA 01960
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1983
Construction
WOOD FRAME
Total area
46,350 SF
Lot
3.93 ac (171,191 SF)
Zoning code
IP
APN
PEAB M:0082 B:0003
UPID
US38-0165227
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
-
Piro Anthony J MD Physician Medical Clinic
-
Dr. Daniel Soto, MD Physician
-
NSMC Cancer Center Medical Clinic
-
Lucette Parrillo Robinson Physician
-
Joel Schwartz Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.34M
Blend (final)
Blend
$6.12M
Owner & transaction history
17 Centennial Drive LLC · 16 yrs held
17 Centennial Drive LLC
since 2010
7 recorded transactions
Zoning & alternative use
IP · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,020,000
Current use
OFFICE BUILDING
$8,565,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$6.12M
Range $5.51M – $6.73M · ±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
$132 / 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
$38,504
Tax year 2024
Assessed value
$2,044,800
Assessed 2024
Previous assessed
$2,044,800
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$2,006,400
Assessed improvement
$38,400
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Year built
1983
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
46,350 SF
Lot
3.93 ac (171,191 SF)
Zoning code
IP
APN
PEAB M:0082 B:0003
UPID
US38-0165227
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
IP · Peabody, MA
Zoning IP · permitted uses
IP · 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
COMMERCIAL (GENERAL) Current
Est. value
$10.0M
OFFICE BUILDING
Est. value
$8.6M
COMMERCIAL (GENERAL) Current
OFFICE 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
1983
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
3.93 ac
Current owner
From public records · entity-resolved
17 Centennial Drive LLC
Entity
Mailing address
295 CANAL ST STE #500, MALDEN, MA 02148-6718
Ownership since
2010
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
Jul 1, 2010
$1
17 Centennial Drive LLC
Combined Prop INC
Grant Deed
—
Jun 29, 2010
$2,000,000
Combined Prop INC
Apex INC
Grant Deed
—
May 19, 2010
$5,893,927
Apex INC
Mcdougall Rlty INC
Grant Deed
—
Jan 28, 2003
—
Mcdougall Rlty INC
—
Deed Of Trust
related
$6,300,000 · Banknorth NA
Jan 3, 2002
—
Mcdougall Realty INC
—
Deed Of Trust
related
$300,000 · Beverly National Bank
Oct 27, 1999
—
Mcdougall Rlty INC
—
Deed Of Trust
related
$6,150,000 · Beverly National Bank
Dec 21, 1995
—
Mcdougall Rlty INC
—
Deed Of Trust
related
$500,000 · First National Bank Ipswch
Feb 9, 1995
—
Mcdougall Rlty INC
—
Deed Of Trust
related
$5,300,000 · John Hancock Mutual Life Ins
Jan 25, 1990
—
Mcdougall Rlty INC
—
Deed Of Trust
related
$5,200,000 · John Hancock Mutual Life Ins
Jan 25, 1989
—
Mcdougall Rlty INC
—
Deed Of Trust
related
$645,000 · Gary Needham
Oct 6, 1988
—
Mcdougall Rlty INC
—
Deed Of Trust
related
$3,950,000 · Gary Needham
Oct 30, 1987
—
Mcdougall Rlty INC
—
Deed Of Trust
related
$3,950,000 · Gary Needham
Apr 30, 1987
—
Mcdougall Rlty INC
—
Deed Of Trust
related
$2,360,000 · Gary Needham
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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