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Property profile & analytics
FOR LEASE
Showrooms
3 Technology Dr Peabody, MA 01960
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0720401
For Lease
1 / 2
Contact for pricing
3 Technology Dr, Peabody, MA 01960
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Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2003
Construction
STEEL FRAME
Total area
183,055 SF
Lot
12.75 ac (555,346 SF)
Zoning code
IP
APN
PEAB M:0091 B:0008
UPID
US38-0720401
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
-
DB Schenker, Inc. Freight Service Logistics Company
-
DB Schenker Warehouse & Storage
-
Access - Scanning, Records Storage, and Document Management Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$57.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$52.77M
Owner & transaction history
Lrf2 Bos Technology Dr · 4 yrs held
Lrf2 Bos Technology Dr
since 2021
Last sale
$54.1M
7 recorded transactions
Zoning & alternative use
IP · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$63.2M
+59.7%
Apartment house (5+ units)
$58.5M
+47.9%
Auto repair, garage
$43.9M
+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
$68,580,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$61,780,000
6.5%
$57,030,000
7%
$52,955,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$39,565,000
Current use
RESTAURANT
$63,180,000
Change: +60% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$58,530,000
Change: +48% · Conversion: Moderate
AUTO REPAIR, GARAGE
$43,850,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$40,710,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$33,835,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$52.77M
Range $47.49M – $58.04M · ±10% · vs last sale $54.10M (Dec 7 2021)
Last sale anchor
$54.10M
Dec 7 2021
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
$288 / 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
$397,321
Tax year 2024
Assessed value
$21,100,400
Assessed 2024
Previous assessed
$21,100,400
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$6,239,500
Assessed improvement
$14,860,900
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
For Lease
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
183,055 SF
Lot
12.75 ac (555,346 SF)
Zoning code
IP
APN
PEAB M:0091 B:0008
UPID
US38-0720401
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
IP · Peabody, MA
Zoning IP · permitted uses
IP · 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
$39.6M
RESTAURANT
Est. value
$63.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$58.5M
AUTO REPAIR, GARAGE
Est. value
$43.9M
RETAIL STORES
Est. value
$40.7M
OFFICE BUILDING
Est. value
$33.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
12.75 ac
Current owner
From public records · entity-resolved
Lrf2 Bos Technology Dr
Individual
Mailing address
13218 W BROWARD BLVD, PLANTATION, FL 33325-2228
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
—
Lrf 2 Bos Technology Dr
—
Deed
related
$64,105,000 · Us Bank NA
Dec 7, 2021
$54,100,000
Lrf2 Bos Technology Dr
Biv Wsl 3 Tech LLC
Quit Claim Arm's Length For Ne States
—
Nov 3, 2020
—
Biv Wsl 3 Tech LLC
—
Deed
related
$16,555,000 · Webster Bank
Sep 9, 2020
$30,100,000
Biv-wsl 3 Tech LLC
Skj Realty
Quit Claim Deed
—
Oct 3, 2005
$12,822,349
Skj Rlty LP
Nshe Plum Springs LLC
Grant Deed
—
Apr 11, 2005
$11,350,000
Nshe Plum Spgs LLC
Juniper Technology Dr LLC
Grant Deed
$10,700,000 · Zuckerman Family Nomi
Sep 25, 2003
—
Juniper Technology Drive
—
Deed Of Trust
related
$8,000,000 · Salem Five Cents Savings Bank
Jun 15, 2000
$110,000,000
Juniper Tech Dr LLC
1 Technoloy Drive LP
Grant Deed
—
Jun 15, 2000
$1,100,000
Technology Dr Juniper
1 Technology Dr LP
Grant Deed
—
Dec 1, 1995
$9,175,000
Technology Drive LP
Ssp Company INC
Grant Deed
$6,050,000 · Baybank
—
—
Skj Realty LP
—
Deed Of Trust
related
$9,900,000 · Miscellaneous Ins Co
—
—
Skj Rlty LP
—
Deed Of Trust
related
$9,900,000 · Miscellaneous Ins Co
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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