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Property profile & analytics
OFF-MARKET
Estimated value
$11,225,000
Automotive properties
243 Newbury St, Peabody, MA 01960-1315
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-2372704
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1974
Construction
FRAME
Total area
15,581 SF
Lot
0.91 ac (39,727 SF)
Zoning code
BR1
APN
PEAB M:0026 B:0075
UPID
US38-2372704
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
-
Green Stop Llc Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.23M
Owner & transaction history
Mag Re Hldg-peabody LLC · 2 yrs held
Mag Re Hldg-peabody LLC
since 2023
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
BR1 · Peabody, 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 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
$14,670,000
ML approach
$8,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.23M
Range $10.10M – $12.35M · ±10% · vs last sale $15.00M (Nov 3 2023)
Last sale anchor
$15.00M
Nov 3 2023
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
$720 / 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
$44,043
Tax year 2024
Assessed value
$2,339,000
Assessed 2024
Previous assessed
$2,339,000
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$660,000
Assessed improvement
$1,679,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
15,581 SF
Lot
0.91 ac (39,727 SF)
Zoning code
BR1
APN
PEAB M:0026 B:0075
UPID
US38-2372704
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.
Building & site characteristics
From public records
Year built
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Mag Re Hldg-peabody LLC
Entity
Mailing address
243 NEWBURY ST, PEABODY, MA 01960-1315
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Aug 30, 2024
—
Mag Re Hldg - Peabody LLC
—
Deed
related
$15,000,000 · Camden National Bank
Nov 3, 2023
$15,000,000
Mag Re Hldg-peabody LLC
Off-road Properties LLC
Quit Claim Arm's Length For Ne States
$12,000,000 · Northern Bank & Trust Co
Apr 4, 2018
—
Off Road Properties LLC
—
Deed
related
$7,500,000 · Mercedes Benz Fncl
Mar 7, 2008
$5,950,000
Off Road Prop LLC
Obrien LLC
Grant Deed
—
May 27, 2004
—
Obrien LLC
—
Deed Of Trust
related
$350,000 · Carpenter Trust
Dec 29, 2003
—
Obrien LLC
—
Deed Of Trust
related
$1,000,000 · Heritage Cp Bank
Mar 12, 2003
$1
Obrien LLC
Red Hill T
Grant Deed
related
—
Jun 11, 2002
—
Hill T Red
—
Deed Of Trust
related
$2,500,000 · Danvers Savings Bank
Dec 23, 1996
—
Red Hill Trust
—
Deed Of Trust
related
$1,750,000 · Gary Needham
Jan 16, 1990
—
Red Hill Tr
—
Deed Of Trust
related
$2,310,000 · Bank Five For Svgs
Aug 25, 1988
—
Red Hill Trust
—
Deed Of Trust
related
$600,000 · Gary Needham
—
—
Off Road Properties LLC
—
Deed Of Trust
related
$7,500,000 · Mercedes Benz Fncl
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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