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Property profile & analytics
FOR LEASE
Office buildings
39 Cross St 103, Peabody, MA 01960
Individually Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0877919
For Lease
1 / 6
$16 SF/Yr
39 Cross St,Unit 103, Peabody, MA 01960
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Property summary
AI-generated overview
This exceptional 2,490-square-foot medical office suite, located in Suite 109 at 39 Cross Street in Peabody, Massachusetts, presents a fantastic opportunity for medical professionals. Situated on the first floor for convenient access, this space boasts four exam rooms, a doctor's office, a reception area, a patient restroom, a coffee station, and a storage room. The building offers elevator access and is fully handicap accessible. Reserved garage parking for one or two cars is included, with ample additional open parking available. This prime location within Essex County's "Medical Hub" of the North Shore places the property near major medical facilities such as the North Shore Shopping Center, Lahey Clinic, and Mass General North Shore, ensuring high visibility and convenient access for patients. The suite is ready for immediate occupancy and offers a well-designed layout ideal for a variety of medical practices. The address is 39 Cross St, Peabody, MA 01960.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
FRAME
Total area
38,000 SF
Lot
1.58 ac (68,825 SF)
Zoning code
BR
APN
PEAB M:0039 B:0047
UPID
US38-0877919
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
-
Dr. Sumra Khan Dental Office
-
T L Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Magdus & Morrissey Counselor
-
Morrissey Ann Counselor
-
Magdus Stephanie Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$2.37M
Owner & transaction history
Cross 79 Prospect T 39 · 26 yrs held
Cross 79 Prospect T 39
since 1999
2 recorded transactions
Zoning & alternative use
BR · Peabody, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±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
$62 / 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
$41,370
Tax year 2024
Assessed value
$2,197,000
Assessed 2024
Previous assessed
$2,197,000
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,024,800
Assessed improvement
$1,172,200
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
For Lease
Year built
1986
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
1
Total area
38,000 SF
Lot
1.58 ac (68,825 SF)
Zoning code
BR
APN
PEAB M:0039 B:0047
UPID
US38-0877919
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BR · Peabody, MA
Zoning BR · permitted uses
BR · 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.
Building & site characteristics
From public records
Year built
1986
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Cross 79 Prospect T 39
Individual
Mailing address
260 BEAR HL RD STE #300, WALTHAM, MA 02451-1018
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 1999
—
Cross 79 Prospect T 39
—
Deed Of Trust
related
$1,848,797 · Sun Life Assurance Co
Jul 30, 1990
—
Cross 79 Prospect R 39
—
Deed Of Trust
related
$2,200,000 · Sun Life Assurance 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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