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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Office buildings
182 Newbury St, Peabody, MA 01960-2416
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0384273
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
FRAME
Total area
9,000 SF
Lot
0.3 ac (13,068 SF)
Zoning code
BR1
APN
PEAB M:0047 B:0033
UPID
US38-0384273
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
-
Tisei for Congress Advocacy Group Volunteer Organization
-
The Body Shop Personal Training Gym & Fitness Center
-
JUVENEX ESTHETICS Spa & Massage Center Skin Care Clinic
-
Afrodita Studio Peabody Spa & Massage Center
-
Debits Payroll Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.10M
Owner & transaction history
M&e King Ft · 5 yrs held
M&e King Ft
since 2021
Last sale
$970,000
6 recorded transactions
Zoning & alternative use
BR1 · 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
$1,230,000
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,665,000
Current use
INDUSTRIAL (GENERAL)
$1,475,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $970k (May 3 2021)
Last sale anchor
$970k
May 3 2021
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
$122 / 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
$16,414
Tax year 2024
Assessed value
$871,700
Assessed 2024
Previous assessed
$871,700
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$381,500
Assessed improvement
$490,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
1
Total area
9,000 SF
Lot
0.3 ac (13,068 SF)
Zoning code
BR1
APN
PEAB M:0047 B:0033
UPID
US38-0384273
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
OFFICE BUILDING Current
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
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
1985
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
M&e King Ft
Individual
Mailing address
182 NEWBURY ST, PEABODY, MA 01960-2416
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
$970,000
M&e King Ft
Gateway 2 T
Quit Claim Arm's Length For Ne States
$870,000 · John E Coughlin
May 10, 2013
$525,000
2 T Gateway
182 Newbury Street LLC
Foreclosure
related
—
Apr 19, 2007
$1,000,000
182 Newbury Street LLC
Newbury Street T
Grant Deed
$700,000 · Bank Of America
Apr 19, 2007
—
182 Newbury Street LLC
—
Deed Of Trust
related
$200,000 · Landamerica 1031 INC
Oct 9, 1997
—
Street T Newbury
—
Deed Of Trust
related
$195,000 · North Shore Bank
Sep 28, 1993
$195,200
Newbury Street Trust
Florence St Acquisitio
Grant Deed
$146,400 · Zenon Grzybowski
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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