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Property profile & analytics
OFF-MARKET
Office buildings
385 Cabot St, Beverly, MA 01915-3303
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0429931
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
CONCRETE
Total area
570 SF
Lot
0.03 ac (1,255 SF)
Zoning code
CN
APN
BEVE M:0020 B:0441 L:
UPID
US38-0429931
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
385 Cabot Street LLC · 4 yrs held
385 Cabot Street LLC
since 2022
Last sale
$290,000
5 recorded transactions
Zoning & alternative use
CN · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,735
Tax year 2024
Assessed value
$261,400
Assessed 2024
Previous assessed
$261,400
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$124,100
Assessed improvement
$137,300
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
1956
Construction
CONCRETE
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
570 SF
Lot
0.03 ac (1,255 SF)
Zoning code
CN
APN
BEVE M:0020 B:0441 L:
UPID
US38-0429931
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.
Building & site characteristics
From public records
Year built
1956
Construction
CONCRETE
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
385 Cabot Street LLC
Entity
Mailing address
15 BASS RIV RD, BEVERLY, MA 01915-1607
Ownership since
2022
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
Mar 4, 2022
$290,000
385 Cabot Street LLC
Pamela Landess
Quit Claim Arm's Length For Ne States
$261,000 · Pamela Landes
Oct 19, 2007
—
Dogs By Design LLC
—
Deed Of Trust
related
$248,000 · Beverly Cooperative Bank
Jul 5, 2007
$1
Pamela Landess
Landess,dale
Grant Deed
related
—
Dec 9, 1996
$95,000
Dale Landess
Carroll,edward J
Grant Deed
$95,000 · Zwi Kohorn
Jun 8, 1989
—
Edward J Carroll
—
Deed Of Trust
related
$14,000 · Beverly National 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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