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Property profile & analytics
OFF-MARKET
Estimated value
$4,010,000
Showrooms
277 Newbury St Peabody, MA 01960-1557
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0230693
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1964
Construction
FRAME
Total area
12,780 SF
Lot
3.17 ac (138,085 SF)
Zoning code
BR1
APN
PEAB M:0019 B:0006
UPID
US38-0230693
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
-
JRM hauling and recycling Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.06M
CAP Approach
CAP
$3.98M
Comparable Approach
Comparable
$3.64M
Blend (final)
Blend
$4.01M
Owner & transaction history
Jrm Hauling&recycling · 4 yrs held
Jrm Hauling&recycling
since 2022
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
BR1 · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+59.7%
Apartment house (5+ units)
$4.1M
+47.9%
Auto repair, garage
$3.1M
+10.8%
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
$4,475,000
ML approach
$4,055,000
CAP Approach
CAP Return
Estimation
6%
$4,315,000
6.5%
$3,980,000
7%
$3,695,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,760,000
Current use
RESTAURANT
$4,410,000
Change: +60% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,085,000
Change: +48% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,060,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$2,840,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±10% · vs last sale $4.00M (May 17 2022)
Last sale anchor
$4.00M
May 17 2022
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
$314 / 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
$72,735
Tax year 2024
Assessed value
$3,862,700
Assessed 2024
Previous assessed
$3,862,700
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,915,200
Assessed improvement
$1,947,500
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
3
Total area
12,780 SF
Lot
3.17 ac (138,085 SF)
Zoning code
BR1
APN
PEAB M:0019 B:0006
UPID
US38-0230693
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
RESTAURANT
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1964
Construction
FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
3
Lot
3.17 ac
Current owner
From public records · entity-resolved
Jrm Hauling&recycling
Individual
Mailing address
18500 N ALLIED WAY, PHOENIX, AZ 85054-6164
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$4,000,000
Jrm Hauling&recycling
Mister Peabody LLC
Quit Claim Arm's Length For Ne States
—
Sep 10, 2020
—
Mister Peabody LLC
—
Deed
related
$2,000,000 · Newburyport Five Cents Savings Bank
Aug 30, 2012
—
Mister Peabody LLC
—
Deed Of Trust
related
$1,620,000 · Middlesex Fsla
Mar 4, 2010
$3,500,000
Mister Peabody LLC
Transpo RT
Deed
$1,431,000 · Granite St Econ Devel
Mar 4, 2010
—
Mister Peabody LLC
—
Deed Of Trust
related
$1,400,000 · First National Bank Ipswch
Sep 12, 2002
—
Transpo RT
—
Deed Of Trust
related
$100,000 · Warren Five Cts Savings
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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