Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    232 Rantoul St Beverly, MA 01915

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    232 Rantoul St Beverly, MA 01915

    View on Map
    • Turn key restaurants
    • 3,982 SF
    • 0.12 lot acres
    For Sale
    $1,899,000
    View Listing →
    Turnkey Brewery and Taproom Opportunity For Sale
    $1,899,000
    3,982 SF

    Turnkey Brewery and Taproom Opportunity

    Fully operational brewery and taproom in downtown Beverly, Massachusetts.

    232 Rantoul St, Beverly, MA 1915
    View Listing
    Property ID
    US38-1620064
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 232 Rantoul St

    Year built
    1923
    Construction
    CONCRETE
    Lot size
    0.12 lot acres
    Property size
    3,982 SF
    Zone code
    CC
    Property type
    Turn key restaurants
    APN
    BEVE M:0011 B:0012 L:
    APU
    BEVEM0011B0012L

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Beverly
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8839
    Latitude
    42.5494
    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
    $14,279
    $339,200
    $311,600
    $650,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      936 SF

      136 Dodge St

      RESTAURANT • 936 SF
      136 Dodge St, Beverly, MA 01915-1831
      View Details
    • Value Estimation
      $595,000
      4,078 SF

      214 Cabot St

      RESTAURANT • 4,078 SF
      214 Cabot St, Beverly, MA 01915-5717
      View Details
    • Value Estimation
      $570,000
      3,810 SF

      250 Cabot St

      RESTAURANT • 3,810 SF
      250 Cabot St, Beverly, MA 01915-4523
      View Details
    • Value Estimation by Request
      510 SF

      642 Hale St

      RESTAURANT • 510 SF
      642 Hale St, Beverly, MA 01915-2117
      View Details
    • Value Estimation
      $700,000
      1,380 SF

      479 Cabot St

      RESTAURANT • 1,380 SF
      479 Cabot St, Beverly, MA 01915-2536
      View Details
    • Value Estimation
      $785,000
      2,928 SF

      498 Rantoul St

      RESTAURANT • 2,928 SF
      498 Rantoul St, Beverly, MA 01915-3239
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Turnkey Brewery and Taproom Business

      Fully operational brewery and taproom in downtown Beverly, Massachusetts.
      232 Rantoul St, Beverly, MA 01915
      View Details
    • Contact for pricing

      Thriving Hot Sauce Business Opportunity

      Turnkey hot sauce business with retail space in Beverly.
      166 Cabot St, Beverly, MA 01915
      View Details
    • Contact for pricing

      Thriving Hot Sauce Business Opportunity

      Retail space ideal for entrepreneurs to grow their brand.
      166 Cabot St, Beverly, MA 01915
      View Details
    • Contact for pricing
      3,982 SF

      Turnkey Brewery and Taproom Opportunity

      Fully operational brewery and taproom in downtown Beverly, Massachusetts.
      232 Rantoul St, Beverly, MA 01915
      View Details
    • Contact for pricing

      Thriving Hot Sauce Business Opportunity

      Prime Beverly location for established or emerging hot sauce business.
      166 Cabot St, Beverly, MA 01915
      View Details
    • Contact for pricing

      Downtown Beverly Commercial Building For Sale

      3,214 SF commercial building with full basement in Beverly.
      175-181 Rantoul St, Beverly, MA 01915
      View Details

    Similar Nearby for Lease

    • $3,795 /Mo

      Take-Out Restaurant Space Available

      Restaurant space with parking on a busy Beverly intersection.
      437 Rantoul St, Beverly, MA 01915
      View Details
    • $3,795 /Mo
      Pending

      Beverly Take-Out Restaurant Opportunity

      Take-out restaurant with parking on a busy Beverly intersection.
      437 Rantoul St, Beverly, MA 01915
      View Details
    • Contact for pricing
      2,350 SF

      Downtown Beverly Retail Storefront Available

      Retail storefront in downtown Beverly with excellent exposure.
      231 Cabot St, Beverly, MA 01915
      View Details
    • Contact for pricing
      913 SF

      Retail Space in Cabot Plaza

      913 SF retail suite in downtown Beverly for lease.
      409 Cabot St, Beverly, MA 01915
      View Details
    • Contact for pricing
      1,200 SF

      Retail Suite in Cabot Plaza

      1,200 SF retail suite in downtown Beverly.
      409 Cabot St, Beverly, MA 01915
      View Details
    • Contact for pricing

      Retail Space in Cabot Plaza

      913 SF retail suite in downtown Beverly for lease.
      409 Cabot St, Beverly, MA 01915
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      809
    • Avg Time on site
      26 min
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    232 Rantoul St
    Beverly, MA 01915
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    232 Rantoul St, Beverly, MA, 01915

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!