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Property profile & analytics
OFF-MARKET Estimated value $2,120,000
Investment properties

40 Main St Peabody, MA 01960-5552

14,966 SF 0.46 ac lot Built 1927
Individually Owned 36-yr Hold ~ Est. High Equity
Property ID
US38-1383212
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1927
Construction FRAME
Total area 14,966 SF
Lot 0.46 ac (19,898 SF)
Zoning code BC
APN PEAB M:0085 B:0068
UPID US38-1383212
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
  • P J Woods Insurance Inc Insurance Agency
  • Wood Insurance Agency Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.05M
Blend (final) Blend
$2.12M
Owner & transaction history
8595 Main St Ltd · 36 yrs held
8595 Main St Ltd
since 1989
1 recorded transaction
1989
Price N/A
Zoning & alternative use
BC · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

3.2.6 BC Central Business. To provide for a mix of commercial, office and residential uses in close proximity to each other and to allow a mix of uses within the same structure. Predominant uses are smaller retail, service and office buildings. This district should be more pedestrian-oriented so that residents can walk to local retail and service businesses.…

Zone name Central Business
General category COMMERCIAL
Zone area 70.54 ac
Top alternative use upside
Retail stores $3.3M +2.9%
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