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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Investment properties
41 Walnut St, Peabody, MA 01960-5680
Individually Owned
2-yr Hold
Property ID
US38-1514998
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1970
Construction
FRAME
Total area
13,300 SF
Lot
0.33 ac (14,375 SF)
Zoning code
GBD
APN
PEAB M:0085 B:0038
UPID
US38-1514998
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
-
JOJO BARBER Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$2.35M
Owner & transaction history
39-41 Walnut St RT · 2 yrs held
39-41 Walnut St RT
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
GBD · Peabody, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+10.8%
Retail stores
$3.0M
+2.9%
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
$2,350,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,875,000
Current use
AUTO REPAIR, GARAGE
$3,185,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$2,960,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$2,460,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.35M (Feb 21 2024)
Last sale anchor
$2.35M
Feb 21 2024
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
$177 / 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
Assessed value
$1,978,900
Assessed 2024
Previous assessed
$1,978,900
+0.0% YoY
Assessed land
$296,900
Assessed improvement
$1,682,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
13
Total area
13,300 SF
Lot
0.33 ac (14,375 SF)
Zoning code
GBD
APN
PEAB M:0085 B:0038
UPID
US38-1514998
Jurisdiction
PEABODY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GBD · Peabody, MA
Zoning GBD · permitted uses
GBD · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1970
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
13
Lot
0.33 ac
Current owner
From public records · entity-resolved
39-41 Walnut St RT
Individual
Mailing address
39 WALNUT ST #41, PEABODY, MA 01960-8646
Ownership since
2024
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
Feb 21, 2024
—
39-41 Walnut St RT
George Skalkos
Quit Claim Deed
related
—
Sep 1, 2022
$2,350,000
Demetrios Skalkos
Aegean Holdings LLC
Quit Claim Arm's Length For Ne States
$1,350,000 · North Shore Bank
Jan 26, 2016
$1,245,500
Aegean Holdings LLC
41 Walnut Street T
Quit Claim Arm's Length For Ne States
$1,110,000 · North Shore Bank
Dec 3, 2010
—
Walnut Street T 41
—
Deed Of Trust
related
$530,000 · North Shore Bank
Feb 2, 2005
—
Walnut St T 41
—
Deed Of Trust
related
$439,000 · North Shore Bank
Jul 19, 2002
—
Walnut Street T 41
—
Deed Of Trust
related
$18,000 · North Shore Bank
Jul 23, 1997
—
John Petradelis
—
Deed Of Trust
related
$45,000 · North Shore Bank
Dec 30, 1987
—
41 Walnut St Tr
—
Deed Of Trust
related
$25,000 · George Peabody Cp Bk
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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