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Property profile & analytics
OFF-MARKET
Estimated value
$7,900,000
Investment properties
38 Enon St, Beverly, MA 01915-1139
Entity Owned
10-yr Hold
Property ID
US38-1591419
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1980
Construction
STEEL FRAME
Total area
46,036 SF
Lot
1.35 ac (58,819 SF)
Zoning code
CG
APN
BEVE M:0092 B:0004 L:
UPID
US38-1591419
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.16M
Blend (final)
Blend
$7.90M
Owner & transaction history
Wenham Lake Park LLC · 10 yrs held
Wenham Lake Park LLC
since 2015
7 recorded transactions
Zoning & alternative use
CG · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,830,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$7.90M
Range $7.11M – $8.69M · ±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
$172 / 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
Assessed value
$7,916,200
Assessed 2024
Previous assessed
$7,916,200
+0.0% YoY
Assessed land
$3,325,000
Assessed improvement
$4,591,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
2
Stories
2
Units
43
Rooms
10
Bathrooms
6
Total area
46,036 SF
Lot
1.35 ac (58,819 SF)
Zoning code
CG
APN
BEVE M:0092 B:0004 L:
UPID
US38-1591419
Jurisdiction
BEVERLY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CG · Beverly, MA
Zoning CG · permitted uses
CG · 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
Est. value
$11.8M
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
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
2
Units
43
Rooms
10
Bathrooms
6
Lot
1.35 ac
Current owner
From public records · entity-resolved
Wenham Lake Park LLC
Entity
Mailing address
4 BEAVER POND RD, BEVERLY, MA 01915-1203
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
—
Wenham Lake Park LLC
—
Deed
related
$350,000 · North Shore Bank
Dec 29, 2021
—
Wenham Lake Park LLC
—
Deed
related
$3,400,000 · North Shore Bank
Jun 1, 2020
—
Wenham Lake Park LLC
—
Deed
related
$100,000 · North Shore Bank
Sep 4, 2015
—
Wenham Lake Park LLC
Wenham Lake Park Nt
Quit Claim Deed
related
$550,000 · Beverly Bank
Jun 12, 2014
$125,849
Hess Realty LLC
Amerada Hess Fac Bus T
Quit Claim Deed
—
May 20, 2008
$1
Sabatini T Dolly
Sabatini,florence
Grant Deed
—
May 18, 2001
$7,739
Specon V LLC
Gibbs Oil Co LP
Grant Deed
—
Nov 24, 1993
$120,000
Florence J Sabatini
Stephen Phillips Est
Grant Deed
—
Feb 16, 1990
$50,000
Florence Sabatini
Jafken RT
Grant Deed
—
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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