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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Residential income homes
32 Broadway, Beverly, MA 01915-4427
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-1642024
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1900
Construction
FRAME
Total area
3,550 SF
Lot
0.19 ac (8,359 SF)
Zoning code
RHD
APN
BEVE M:0005 B:0179 L:
UPID
US38-1642024
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
$975k
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$604k
Blend (final)
Blend
$985k
Owner & transaction history
32 Broadway Beverly LLC · 2 yrs held
32 Broadway Beverly LLC
since 2023
Last sale
$995,000
5 recorded transactions
Zoning & alternative use
RHD · Beverly, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$975,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,135,000
Current use
COMMERCIAL (GENERAL)
$1,070,000
Change: -6% · Conversion: Moderate
OFFICE BUILDING
$910,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $995k (Nov 22 2023)
Last sale anchor
$995k
Nov 22 2023
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
$277 / 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
$11,081
Tax year 2024
Assessed value
$986,700
Assessed 2024
Previous assessed
$986,700
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$297,600
Assessed improvement
$689,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
14
Rooms
14
Bathrooms
6
Total area
3,550 SF
Lot
0.19 ac (8,359 SF)
Zoning code
RHD
APN
BEVE M:0005 B:0179 L:
UPID
US38-1642024
Jurisdiction
BEVERLY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
RHD · Beverly, MA
Zoning RHD · permitted uses
RHD · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$910,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1900
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
14
Rooms
14
Bathrooms
6
Lot
0.19 ac
Current owner
From public records · entity-resolved
32 Broadway Beverly LLC
Entity
Free & Clear · 2 yrs held
Mailing address
767 LOWELL ST, PEABODY, MA 01960-3352
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2025
—
32 Broadway Beverly LLC
—
Deed
related
$1,150,000 · North Shore Bank
Nov 22, 2023
—
32 Broadway Beverly LLC
David Qirjazi
Quit Claim Deed
related
—
Aug 4, 2021
$995,000
David Qirjazi
32 Broadway LLC
Quit Claim Arm's Length For Ne States
$716,250 · North Shore Bank
Feb 29, 2012
$430,000
32 Broadway LLC
Broadway B RT
Grant Deed
$322,500 · Beverly Cooperative Bank
Jul 24, 2003
$557,000
Broadway B RT
Jackson,thomas M
Grant Deed
$360,000 · Salem Five Cents Savings Bank
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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