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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Auto shops
218 Newbury St Peabody, MA 01960-2406
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-2353932
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1963
Construction
STEEL FRAME
Total area
5,803 SF
Lot
0.58 ac (25,047 SF)
Zoning code
BR1
APN
PEAB M:0035 B:0022
UPID
US38-2353932
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
-
Lifesafer Ignition Interlock Building Supply General Contractor
-
North Shore Auto Sales Car Dealership
-
RTE 1 Auto Service Auto Repair Shop
-
RTE 1 Auto Sales Car Dealership
-
Guardian Interlock Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.85M
Owner & transaction history
Route 1 Realty LLC · 4 yrs held
Route 1 Realty LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
BR1 · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+44.1%
Apartment house (5+ units)
$1.9M
+33.5%
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
$1,940,000
ML approach
$1,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,390,000
Current use
RESTAURANT
$2,005,000
Change: +44% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,855,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$1,290,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,255,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10% · vs last sale $1.73M (Jan 26 2022)
Last sale anchor
$1.73M
Jan 26 2022
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
$318 / 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
$18,192
Tax year 2024
Assessed value
$966,100
Assessed 2024
Previous assessed
$966,100
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$506,600
Assessed improvement
$459,500
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1963
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
5,803 SF
Lot
0.58 ac (25,047 SF)
Zoning code
BR1
APN
PEAB M:0035 B:0022
UPID
US38-2353932
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
AUTO REPAIR, GARAGE Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (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
1963
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Route 1 Realty LLC
Entity
Mailing address
242 W MAIN ST, AVON, MA 02322-1337
Ownership since
2022
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
Jan 26, 2022
$1,732,750
Route 1 Realty LLC
Lasco RT
Quit Claim Arm's Length For Ne States
$1,319,062 · Eastern Bank
May 2, 2017
—
Lasco RT
—
Deed
related
$50,000 · Td Bank NA
Jun 4, 2001
—
Lasco RT
—
Deed Of Trust
related
$37,000 · Peabody City Comm Dev
May 7, 2001
—
Lasco RT
—
Deed Of Trust
related
$373,000 · Northeastern Ma Ecnmc
Jan 19, 2001
$900,000
Lasco RT
218 Newbury St Peab Lc
Grant Deed
$450,000 · Warren Five Cts Savings
Jan 19, 2001
—
Lasco RT
—
Deed Of Trust
related
$360,000 · Warren Five Cts Savings
May 28, 1998
—
218 Newbury St. RT
—
Deed Of Trust
related
$460,000 · Beverly National Bank
Jun 25, 1993
—
Newbury St R T 218
—
Deed Of Trust
related
$260,000 · Beverly National 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.
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