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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Office buildings
3 Oak St, Beverly, MA 01915-2205
Entity Owned
~
Est. High Equity
Property ID
US38-1851827
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
FRAME
Total area
1,907 SF
Lot
0.91 ac (39,701 SF)
Zoning code
CN
APN
BEVE M:0038 B:0023 L:
UPID
US38-1851827
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$768k
Blend (final)
Blend
$650k
Owner & transaction history
Oak St 3 Enterprises LLC
Oak St 3 Enterprises LLC
since 2025
7 recorded transactions
Zoning & alternative use
CN · Beverly, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$575,000
+17.1%
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 Beverly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beverly 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
by Request
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
$945,000
6.5%
$870,000
7%
$810,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$490,000
Current use
COMMERCIAL (GENERAL)
$575,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$455,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$425,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
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
$341 / 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
$17,363
Tax year 2024
Assessed value
$791,400
Assessed 2024
Previous assessed
$791,400
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$494,900
Assessed improvement
$296,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
5
Total area
1,907 SF
Lot
0.91 ac (39,701 SF)
Zoning code
CN
APN
BEVE M:0038 B:0023 L:
UPID
US38-1851827
Jurisdiction
BEVERLY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CN · Beverly, MA
Zoning CN · permitted uses
CN · Beverly, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beverly. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$455,000
RETAIL STORES
Est. value
$425,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1930
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
5
Lot
0.91 ac
Current owner
From public records · entity-resolved
Oak St 3 Enterprises LLC
Entity
Mailing address
PO BOX 90, DANVERS, MA 01923-0190
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
—
Oak St 3 Enterprises LLC
Jm Int
Quitclaim Deed
related
—
Mar 7, 2022
—
Jm Int
—
Deed
related
$1,100,000 · Brown Brothers Harrim
Aug 2, 2017
—
Jm Int
—
Deed
related
$1,000,000 · Peoples United Bank
Dec 29, 2000
—
Jim Int
—
Deed Of Trust
related
$1,078,650 · Zions First National Bank
Jun 21, 1999
—
Investment T Jm
—
Deed Of Trust
related
$538,000 · First National Corp
Dec 21, 1988
—
J M Investment Trust
—
Deed Of Trust
related
$1,300,000 · Saugusbank
Dec 14, 1987
—
Jm Investment Tr
—
Deed Of Trust
related
$715,000 · Beverly Svgs Bk
—
—
Jm Trust
—
Deed Of Trust
related
$52,000,000 · Massachusetts Busn Dev
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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