277 Rantoul St Beverly, MA 01915-5757
Property profile & analytics
277 Rantoul St Beverly, MA 01915-5757
- Investment properties
- 4,050 SF
- 0.10 lot acres
Property ID
US38-1879504
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.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 277 Rantoul St
- Year built
- 1890
- Construction
- FRAME
- Lot size
- 0.10 lot acres
- Property size
- 4,050 SF
- Zone code
- CC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- BEVE M:0011 B:0128 L:
- APU
- BEVEM0011B0128L
Description
This exceptional mixed-use property at 277 Rantoul Street in Beverly, Massachusetts, presents a compelling investment opportunity. The 6,039 square foot building, constructed in 1890 and extensively renovated between 2020 and 2022, features a thriving ground-floor restaurant and two oversized one-bedroom residential units on the second floor, totaling 4,050 square feet of net rentable space. The property sits on a 4,326 square foot lot and is zoned "cc". Currently operating at 100% occupancy since June 27, 2017, with a lease expiring June 30, 2027, the property boasts a current NOI of $56,474 and a pro-forma NOI of $64,260, translating to a current cap rate of 5.65% and a pro-forma cap rate of 6.43%. One residential unit offers potential for expansion. The property's prime location near Cummings Center, Lahey Medical, and Beverly Depot provides excellent access to major transportation routes. The asking price is $1,000,000. Utilities are handled on a shared basis between the commercial and residential tenants, with specific arrangements detailed in the lease agreements. This is a Class B, multi-tenant, gross lease property with a single commercial tenant and two residential units. The building is a two-story structure.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $850,000
- ML approach
- $850,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $532,000
Market price range: $217k - $1.07M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,220,000 Current use
- OFFICE BUILDING
- $1,040,000 Change: -15% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Beverly
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.883
- Latitude
- 42.5505
- 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
$0.00
$330,300
$487,300
$817,600
-
$0.00
$0.00
$0.00
