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Property profile & analytics
OFF-MARKET
Estimated value
$16,450,000
Manufacturing properties
4 1st Ave Peabody, MA 01960-4909
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US38-0955120
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Construction
FRAME
Total area
150,805 SF
Lot
9.63 ac (419,613 SF)
Zoning code
IP
APN
PEAB M:0090 B:0028
UPID
US38-0955120
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
-
Access Corporate Headquarters - Scanning, Records Storage, and Document Management Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.45M
Owner & transaction history
4 1st Avenue LLC · 19 yrs held
4 1st Avenue LLC
since 2006
7 recorded transactions
Zoning & alternative use
IP · 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,695,000
Current use
WAREHOUSE, STORAGE
$21,205,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$16.45M
Range $14.81M – $18.10M · ±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
$109 / 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
$312,977
Tax year 2024
Assessed value
$16,621,200
Assessed 2024
Previous assessed
$16,621,200
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$4,743,800
Assessed improvement
$11,877,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Total area
150,805 SF
Lot
9.63 ac (419,613 SF)
Zoning code
IP
APN
PEAB M:0090 B:0028
UPID
US38-0955120
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
INDUSTRIAL (GENERAL) Current
Est. value
$24.7M
WAREHOUSE, STORAGE
Est. value
$21.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2007
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Lot
9.63 ac
Current owner
From public records · entity-resolved
4 1st Avenue LLC
Entity
Mailing address
5 HIGH RDG RD, TOPSFIELD, MA 01983-2234
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2021
—
4 1st Ave LLC
—
Deed
related
$17,000,000 · Harborone Bank
Aug 1, 2016
—
4 1st Avenue LLC
—
Deed
related
$11,600,000 · Harborone Bank
Aug 14, 2006
$6,200,000
4 1st Avenue LLC
B&f Realty Group LLC
Grant Deed
$10,700,000 · Pnc Bank
Jan 15, 2002
—
B&f Realty Group LLC
—
Deed Of Trust
related
$5,200,000 · Zions First National Bank
Jul 20, 2000
$5,500,000
B&f Realty Group LLC
Bms Realty INC
Grant Deed
—
Aug 3, 1998
—
Bms Realty INC
—
Deed Of Trust
related
$250,000 · Peabody City Of
Jun 23, 1992
—
Bms RT
—
Deed Of Trust
related
$400,000 · City Of Peabody
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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