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Property profile & analytics
OFF-MARKET
Estimated value
$5,140,000
Commercial real estate
21 Enon St, Beverly, MA 01915-1115
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US38-1482075
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1967
Construction
FRAME
Total area
27,343 SF
Lot
2.03 ac (88,427 SF)
Zoning code
CG
APN
BEVE M:0081 B:0071 L:
UPID
US38-1482075
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$5.14M
Owner & transaction history
1123 Enon Street RT · 27 yrs held
1123 Enon Street RT
since 1998
7 recorded transactions
Zoning & alternative use
CG · Beverly, 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 Beverly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beverly 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)
$8,230,000
Current use
OFFICE BUILDING
$7,030,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$5.14M
Range $4.63M – $5.65M · ±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
$188 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$114,557
Tax year 2020
Assessed value
$5,344,900
Assessed 2024
Previous assessed
$5,344,900
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$1,768,600
Assessed improvement
$3,576,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1967
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
9
Bathrooms
2
Total area
27,343 SF
Lot
2.03 ac (88,427 SF)
Zoning code
CG
APN
BEVE M:0081 B:0071 L:
UPID
US38-1482075
Jurisdiction
BEVERLY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CG · Beverly, MA
Zoning CG · permitted uses
CG · Beverly, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beverly. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.0M
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
1967
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
9
Bathrooms
2
Lot
2.03 ac
Current owner
From public records · entity-resolved
1123 Enon Street RT
Individual
Mailing address
1 SURREY LN, SOUTH HAMILTON, MA 01982-1232
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2013
—
11-23 Enon St. RT
—
Deed Of Trust
related
$300,000 · Metro Cu
Oct 28, 2005
—
11-23 Enon Street RT
—
Deed Of Trust
related
$200,000 · Ralph Kane
Jun 2, 2005
—
11-23 Enon St. RT
—
Deed Of Trust
related
$500,000 · Beverly National Bank
Apr 22, 2005
—
11-23 Enon St. RT
—
Deed Of Trust
related
$200,000 · Ralph Kane
Oct 6, 2004
—
11-23 Enon St. RT
—
Deed Of Trust
related
$250,000 · Beverly National Bank
Dec 21, 2001
—
11-23 Enon St. RT
—
Deed Of Trust
related
$2,700,000 · Beverly National Bank
Sep 26, 2000
—
11-23 Enon St. RT
—
Deed Of Trust
related
$200,000 · Beverly National Bank
Dec 7, 1999
—
11-23 Enon St. RT
—
Deed Of Trust
related
$2,170,000 · Beverly National Bank
Jul 17, 1998
$1,400,000
1123 Enon Street RT
Enon Realty Corp
Grant Deed
related
$1,150,000 · Natl Bk Greece
Jun 19, 1996
—
Enon Realty Corp
—
Deed Of Trust
related
$160,000 · Cheng Shui Wan
Feb 19, 1993
$1,200,000
Enon Realty Corp
Laffy RT
Grant Deed
$300,000 · Zwi Kohorn
Feb 19, 1993
—
Enon Realty Corp
—
Deed Of Trust
related
$600,000 · 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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