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Property profile & analytics
FOR LEASE
Manufacturing properties
2 Centennial Dr Peabody, MA 01960
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1022718
For Lease
1 / 2
$8,035,000
2 Centennial Dr, Peabody, MA 01960
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
FRAME
Total area
75,744 SF
Lot
3.81 ac (165,833 SF)
Zoning code
IP
APN
PEAB M:0090 B:0012
UPID
US38-1022718
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
-
TriMech (Bike/Boat/Book/etc) Store Corporate Office
-
Sum Co Eco Contracting Construction Company General Contractor
-
Kilgore Insurance Insurance Agency
-
Laser Process Manufacturing Industrial Manufacturer Production Facility
-
Skyline Boston - Boston Trade Show Displays & Island Exhibits Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.04M
Owner & transaction history
2 Centennial LLC · 9 yrs held
2 Centennial LLC
since 2017
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
INDUSTRIAL (GENERAL)
$12,400,000
Current use
WAREHOUSE, STORAGE
$10,650,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$8.04M
Range $7.23M – $8.84M · ±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
$106 / 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
$146,494
Tax year 2024
Assessed value
$7,779,800
Assessed 2024
Previous assessed
$7,779,800
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,947,400
Assessed improvement
$5,832,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1987
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
2
Units
12
Total area
75,744 SF
Lot
3.81 ac (165,833 SF)
Zoning code
IP
APN
PEAB M:0090 B:0012
UPID
US38-1022718
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
INDUSTRIAL (GENERAL) Current
Est. value
$12.4M
WAREHOUSE, STORAGE
Est. value
$10.7M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1987
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
1
Units
12
Lot
3.81 ac
Current owner
From public records · entity-resolved
2 Centennial LLC
Entity
Mailing address
7 RANTOUL ST STE 100B, BEVERLY, MA 01915-4886
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
—
2 Centennial LLC
—
Deed
related
$2,000,000 · Cambridge Savings Bank
Dec 17, 2021
—
2 Centennial LLC
—
Deed
related
$5,000,000 · Cambridge Savings Bank
Jun 30, 2017
—
2 Centennial LLC
Goldberg Brothers Re LLC
Quit Claim Deed
related
—
Oct 14, 2016
—
Goldberg Brothers Re L
—
Deed
related
$2,463,000 · Cambridge Svgs Bk
Jul 22, 2016
$5,100,000
Goldberg Brothers Re L
Robert W Gustavson JR
Quit Claim Arm's Length For Ne States
$937,000 · Cambridge Svgs Bk
May 1, 2009
—
Gg Assoc
—
Deed Of Trust
related
$300,000 · Riro Realty Corp
Apr 7, 2008
$1
Robert W Gustavson JR.
Fourth Street RT
Grant Deed
—
Mar 31, 1997
—
Fourth Street RT
—
Deed Of Trust
related
$3,000,000 · Salem Five Cents Savings Bank
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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