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Property profile & analytics
FOR LEASE
Industrial properties
4 Technology Dr Peabody, MA 01960
Individually Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1717925
For Lease
1 / 2
$10,095,000
4 Technology Dr, Peabody, MA 01960
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1994
Construction
FRAME
Total area
84,770 SF
Lot
7.84 ac (341,510 SF)
Zoning code
IP
APN
PEAB M:0091 B:0007
UPID
US38-1717925
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
-
Arrow Electronics Electronics & Wireless Store
-
Converge Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.10M
Owner & transaction history
Pk Assov V Centennial · 25 yrs held
Pk Assov V Centennial
since 2000
7 recorded transactions
Zoning & alternative use
IP · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.7M
+12.9%
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%
$15,030,000
6.5%
$13,870,000
7%
$12,880,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,880,000
Current use
OFFICE BUILDING
$15,670,000
Change: +13% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,920,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$10.10M
Range $9.09M – $11.10M · ±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
$119 / 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
$196,700
Tax year 2024
Assessed value
$10,446,100
Assessed 2024
Previous assessed
$10,446,100
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$3,883,200
Assessed improvement
$6,562,900
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1994
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
84,770 SF
Lot
7.84 ac (341,510 SF)
Zoning code
IP
APN
PEAB M:0091 B:0007
UPID
US38-1717925
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
$13.9M
OFFICE BUILDING
Est. value
$15.7M
WAREHOUSE, STORAGE
Est. value
$11.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1994
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
7.84 ac
Current owner
From public records · entity-resolved
Pk Assov V Centennial
Individual
Mailing address
259 CANAL ST #500, MALDEN, MA 02148-6720
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2009
—
Centennial Park Assoc LP
—
Deed Of Trust
related
$16,000,000 · Danvers Savings Bank
Nov 30, 2000
$8,400,000
Pk Assov V Centennial
4 Technology Dr T
Grant Deed
$8,400,000 · Zuckerman Family Nomi
Nov 30, 2000
—
Pk Assov V Centennial
—
Deed Of Trust
related
$17,000,000 · Yarmouth Town
Mar 24, 1994
—
Technology Dr T Four
—
Deed Of Trust
related
$1,000,000 · Northeastern Ma Econo
Sep 16, 1993
—
Four Technology Dr Tr
—
Deed Of Trust
related
$3,500,000 · Gary Needham
Mar 31, 1993
$1,210,000
Four Technology Dr Tr
Centennial Pk Assoc RT
Grant Deed
—
Dec 11, 1987
—
Centennial Pk Assoc RT
—
Deed Of Trust
related
$3,914,000 · Bank Of New England
Aug 28, 1987
$215,000
Centennial Pond RT
City Of Peabody
Grant Deed
$650,000 · Bank Of New England
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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