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    Property profile & analytics

    2 Ml St Peabody, MA 01960-5666

    • Office buildings
    • 1,680 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $540,000
    Last Sale
    Apr 12, 2022
    $500,000
    Location Intelligence
    Property ID
    US38-0497469
    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.

    Current Use by Public Records

    • The Children's Ark Center / Preschool
    • Marcela Vitor Learning Center / Preschool
    • C I Group Inc / Graphic Designer

    Property Details for 2 Ml St

    Year built
    1944
    Construction
    FRAME
    Lot size
    0.06 lot acres
    Property size
    1,680 SF
    Zone code
    BC
    Property type
    Office buildings
    APN
    PEAB M:0085 B:0060-A
    APU
    PEABM0085B0060A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $560,000

    • CAP approach

      CAP return
      Estimation
      6%
      $510,000
      6.5%
      $465,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $495,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $505,000
      Retail
      $430,000
      Mixed-Use
      $515,000
      Hospitality
      $580,000
      Educational
      $565,000
      Residential Income
      $550,000
      Energy
      $440,000
      Income-Based Land
      $465,000
      Food Service
      $565,000

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9265
    Latitude
    42.5262
    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
    $5,822
    $238,400
    $70,800
    $309,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      39,560 SF

      3 Centennial Dr

      OFFICE BUILDING • 39,560 SF
      3 Centennial Dr, Peabody, MA 01960-7931
      View Details
    • Value Estimation by Request
      95,114 SF

      2 Corporation Way

      OFFICE BUILDING • 95,114 SF
      2 Corporation Way, Peabody, MA 01960-7932
      View Details
    • Value Estimation
      $720,000
      2,416 SF

      49 Margin St

      OFFICE BUILDING • 2,416 SF
      49 Margin St, Peabody, MA 01960-1953
      View Details
    • Value Estimation
      $1,235,000
      3,883 SF

      1 Mt Pleasant Dr

      OFFICE BUILDING • 3,883 SF
      1 Mt Pleasant Dr, Peabody, MA 01960-1528
      View Details
    • Value Estimation
      $115,000
      2,400 SF

      31 Walnut St

      OFFICE BUILDING • 2,400 SF
      31 Walnut St, Peabody, MA 01960-5609
      View Details
    • Value Estimation
      $890,000
      10,789 SF

      12 Washington St

      OFFICE BUILDING • 10,789 SF
      12 Washington St, Peabody, MA 01960-5521
      View Details

    Similar Nearby for Sale

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      Renovated Warehouse Space For Sale

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      Approved Condominium Development Opportunity

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      Two-Family Home Investment Opportunity

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      Land with Development Potential

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    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

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      Office or R&D space in premier corporate park.
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    • $14 SF/Yr
      9,750 SF

      Renovated Mill Building with Flexible Space

      Three-story mill building with modern renovated space and flexible lease terms.
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      View Details
    • $5,500 /Mo
      12,000 SF

      Renovated Brick Building with Loading

      Renovated office space with flexible lease terms and highway access.
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    • Contact for pricing
      18,297 SF

      Peabody Office Suite with Loading

      Professional office suite with natural light and loading docks.
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    • $1,500 /Mo
      630 SF

      Renovated Office Space For Lease

      Renovated office space in Peabody with high visibility.
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      View Details
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    2 Ml St
    Peabody, MA 01960-5666
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    Realmo Value Estimation

    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.

    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.

    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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