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    Property profile & analytics

    242 Andover St Peabody, MA 01960-1501

    • Retail space
    • 7,350 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1086112
    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

    • DXL Big + Tall / Men'S Clothing Store / Plus Size Clothing Store

    Property Details for 242 Andover St

    Year built
    1975
    Construction
    FRAME
    Lot size
    0.87 lot acres
    Property size
    7,350 SF
    Zone code
    BR
    Property type
    Retail space
    APN
    PEAB M:0039 B:0021
    APU
    PEABM0039B0021

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9478
    Latitude
    42.5464
    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
    $38,133
    $913,800
    $1,111,300
    $2,025,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6,541 SF

      637 Lowell St

      Individual retail properties • 6,541 SF
      637 Lowell St, Peabody, MA 01960
      View Details
    • Value Estimation by Request
      14,984 SF

      90 Newbury St

      RETAIL STORES (PERSONAL SERVICES) • 14,984 SF
      90 Newbury St, Peabody, MA 01960-3806
      View Details
    • Value Estimation by Request
      7,000 SF

      104 Newbury St

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      104 Newbury St, Peabody, MA 01960-3806
      View Details
    • Value Estimation by Request
      18,960 SF

      150 Newbury St

      RETAIL STORES (PERSONAL SERVICES) • 18,960 SF
      150 Newbury St, Peabody, MA 01960-3807
      View Details
    • Value Estimation by Request
      9,184 SF

      260 Andover St

      RETAIL STORES (PERSONAL SERVICES) • 9,184 SF
      260 Andover St, Peabody, MA 01960-1502
      View Details
    • Value Estimation by Request
      10,711 SF

      35 Cross St

      RETAIL STORES (PERSONAL SERVICES) • 10,711 SF
      35 Cross St, Peabody, MA 01960-1608
      View Details

    Similar Nearby for Sale

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      Standalone commercial building in Peabody, MA with high visibility.
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      Restaurant and Parking Lot Package

      Two properties: restaurant and parking lot with development potential.
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      2,880 SF

      Route 1 Retail Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      6,541 SF

      Big Y Plaza Retail Space Available

      Prime Retail Space, High Traffic Location
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      7,755 SF

      Prime Peabody Retail Space

      7,755 SF Retail Space - For Lease
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      View Details
    • $1,250 /Mo

      Versatile Office and Retail Space

      Well-maintained office space ideal for retail and professional businesses.
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    • Contact for pricing
      12,615 SF

      Former Walgreens Retail Space Available

      Up to 12,615 SF retail space with drive-thru.
      229 Andover St, Peabody, MA 01960
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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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      1,702 SF

      Retail Space in Peabody Center

      Retail space available in neighborhood shopping center anchored by CVS.
      79 Lynnfield St, Peabody, MA 01960
      View Details

    Property Visit Statistics

    • Visits by month
      1.9k
    • Visitors by month
      2.1k
    • Avg Time on site
      27 min
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    242 Andover St
    Peabody, MA 01960-1501
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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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