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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Super regional malls
240 Andover St Peabody, MA 01960-1536
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US38-1859891
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1994
Construction
FRAME
Total area
14,715 SF
Lot
1.25 ac (54,276 SF)
Zoning code
BR
APN
PEAB M:0039 B:0018
UPID
US38-1859891
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
-
FedEx Office Print & Ship Center Courier Service Postal Service
-
Starbucks Cafe & Coffee Shop
-
Tropical Smoothie Cafe Specialty Food Shop (Bike/Boat/Book/etc) Store
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$928k
Blend (final)
Blend
$840k
Owner & transaction history
Cea Peabody LLC · 18 yrs held
Cea Peabody LLC
since 2008
7 recorded transactions
Zoning & alternative use
BR · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+92.4%
Medical building
$1.1M
+66.8%
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
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Current use
RETAIL STORES
$1,225,000
Change: +92% · Conversion: Easy
MEDICAL BUILDING
$1,060,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$57 / 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
$76,344
Tax year 2024
Assessed value
$4,054,400
Assessed 2024
Previous assessed
$4,054,400
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,196,800
Assessed improvement
$2,857,600
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
1
Units
5
Total area
14,715 SF
Lot
1.25 ac (54,276 SF)
Zoning code
BR
APN
PEAB M:0039 B:0018
UPID
US38-1859891
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BR · Peabody, MA
Zoning BR · permitted uses
BR · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$635,000
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL 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
1994
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
1
Units
5
Lot
1.25 ac
Current owner
From public records · entity-resolved
Cea Peabody LLC
Entity
Mailing address
1105 MASSACHUSETTS AVE APT 2F, CAMBRIDGE, MA 02138-5207
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2013
—
Cea Peabody LLC
—
Deed Of Trust
related
$4,270,000 · Cambridge Savings Bank
May 22, 2008
$1
Cea Peabody LLC
Cea Andover Street T
Grant Deed
—
May 22, 2008
—
Cea Peabody LLC
—
Deed Of Trust
related
$1,900,000 · Rbs Citizens Bank NA
Jul 31, 1998
—
Andover Street T Cea
—
Deed Of Trust
related
$2,075,000 · Wmf Capital Corp
Mar 30, 1993
$425,000
Cea Andover RT
Alin RT
Grant Deed
—
Oct 2, 1992
$365,000
Shawmut Bank
Chapel Knoll RT
Grant Deed
related
—
Apr 11, 1988
—
Shore Auto Broke North
—
Deed Of Trust
related
$3,500,000 · Shawmut Arlington Tr
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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