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    Property profile & analytics

    3 Main St Peabody, MA 01960-5509

    • Investment properties
    • 16,864 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $2,635,000
    Last Sale
    Sep 13, 2022
    $2,800,000
    Location Intelligence
    Property ID
    US38-0600511
    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

    • Investment properties

    Property Details for 3 Main St

    Year built
    1890
    Construction
    FRAME
    Lot size
    0.25 lot acres
    Property size
    16,864 SF
    Zone code
    BC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    PEAB M:0085 B:0172-X
    APU
    PEABM0085B0172X

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,410,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,120,000
      6.5%
      $2,720,000
      7%
      $3,005,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,210,000
      Geo Method
      $2,865,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,115,000
      Retail
      $2,355,000
      Mixed-Use
      $2,385,000
      Hospitality
      $2,845,000
      Educational
      $2,610,000
      Residential Income
      $2,285,000
      Energy
      $2,645,000
      Income-Based Land
      $2,775,000
      Food Service
      $2,170,000

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9271
    Latitude
    42.5253
    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
    $279,400
    $2,239,100
    $2,518,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,000,000
      10,420 SF

      168 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,420 SF
      168 Washington St, Peabody, MA 01960-5475
      View Details
    • Value Estimation by Request
      0.27 Acres

      99 Central St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.27 Acres
      99 Central St, Peabody, MA 01960-4315
      View Details
    • Value Estimation by Request
      1,755 SF

      25 Farm Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,755 SF
      25 Farm Ave, Peabody, MA 01960-3901
      View Details
    • Value Estimation by Request
      6,122 SF

      88 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,122 SF
      88 Main St, Peabody, MA 01960-8340
      View Details
    • Value Estimation by Request
      1.60 Acres

      63 Abington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1.60 Acres
      63 Abington Ave, Peabody, MA 01960-1841
      View Details
    • Value Estimation
      $900,000
      7,947 SF

      10 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,947 SF
      10 Chestnut St, Peabody, MA 01960-5463
      View Details

    Similar Nearby for Sale

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      6,840 SF

      Mixed-Use Property in Downtown Peabody

      Mixed-use property with commercial and residential units in prime location.
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      Established Dry Cleaning Business in Peabody

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      Approved Condominium Development Opportunity

      Approved 22-unit condominium project near Route 114 in Peabody.
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      Two-Family Home Investment Opportunity

      Two-unit property near downtown, shops, and restaurants.
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    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Peabody Office Space For Rent

      Office space with flexible floor plans and ample parking.
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      View Details
    • Contact for pricing
      12,615 SF

      Former Walgreens Retail Space Available

      Up to 12,615 SF retail space with drive-thru.
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      View Details
    • Contact for pricing
      7,530 SF

      First Class Office/R&D Space

      Office or R&D space in premier corporate park.
      4 Technology Dr, Peabody, MA 01960
      View Details
    • $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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      View Details
    • $5,500 /Mo
      12,000 SF

      Renovated Brick Building with Loading

      Renovated office space with flexible lease terms and highway access.
      119 Rear Foster St, Peabody, MA 01960
      View Details
    • $6 SF/Yr
      8,155 SF

      Peabody Office Space for Lease

      Flexible Office Solutions in Peabody, MA
      9 Centennial Dr, Peabody, MA 01960
      View Details
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    Peabody, MA 01960-5509
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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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