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    Property profile & analytics

    249 Newbury St Peabody, MA 01960

    • Commercial land
    • 0.95 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 03, 2023
    $15,000,000
    Location Intelligence
    Property ID
    US38-1764997
    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

    • Commercial land

    Property Details for 249 Newbury St

    Year built
    1960
    Lot size
    0.95 lot acres
    Zone code
    BR1
    Property type
    Commercial land
    APN
    PEAB M:0026 B:0074-A
    APU
    PEABM0026B0074A

    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
    -70.9816
    Latitude
    42.5506
    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
    $13,772
    $678,600
    $52,800
    $731,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.78 Acres

      Newbury St

      VACANT COMMERCIAL LAND • 0.78 Acres
      Newbury St, Peabody, MA 01960
      View Details
    • Value Estimation by Request
      0.38 Acres

      37 Cross St

      VACANT COMMERCIAL LAND • 0.38 Acres
      37 Cross St, Peabody, MA 01960-1608
      View Details
    • Value Estimation by Request
      1.22 Acres

      7th Winona St

      VACANT COMMERCIAL LAND • 1.22 Acres
      7th Winona St, Peabody, MA 01960-3725
      View Details
    • Value Estimation by Request
      3.83 Acres

      1 Cross St

      VACANT COMMERCIAL LAND • 15,051 SF
      1 Cross St, Peabody, MA 01960-1608
      View Details
    • Value Estimation by Request
      0.59 Acres

      143 Lynnfield St

      VACANT COMMERCIAL LAND • 0.59 Acres
      143 Lynnfield St, Peabody, MA 01960-5180
      View Details
    • Value Estimation by Request
      0.98 Acres

      207 Newbury St

      VACANT COMMERCIAL LAND • 0.98 Acres
      207 Newbury St, Peabody, MA 01960
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Parcel Overlooking Route 128

      Rare 4-acre land parcel in Centennial Park, Peabody, MA.
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      Land with Development Potential

      Land with zoning for educational, religious, and daycare facilities.
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      Two-Family Home Investment Opportunity

      Two-unit property near downtown, shops, and restaurants.
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      Restaurant and Parking Lot Package

      Two properties: restaurant and parking lot with development potential.
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    Similar Nearby for Lease

    • $25 SF/Yr
      20,000 SF

      Newbury Street Retail Space

      Peabody, MA retail/office opportunity
      130 Newbury St, Peabody, MA 01960
      View Details
    • $22 SF/Yr
      3,859 SF

      Peabody Corporate Center Office Space

      Professional office space available in Peabody Corporate Center.
      100 Corporate Pl, Peabody, MA 01960
      View Details
    • $22 SF/Yr
      2,000 SF

      Peabody Corporate Center Office Space

      Professional office space available in Peabody Corporate Center in March 2025.
      100 Corporate Pl, Peabody, MA 01960
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      53,884 SF

      Warehouse/Distribution Space Available

      53,884 SF Class A warehouse/distribution space for lease.
      3 Technology Dr, Peabody, MA 01960
      View Details
    • Contact for pricing
      25,215 SF

      Peabody Office, Medical, Flex Space

      Amenitized office, medical, and flex building in Peabody, Massachusetts.
      10 Centennial Dr, Peabody, MA 01960
      View Details
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    249 Newbury St
    Peabody, MA 01960
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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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