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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    44th Dodge St Beverly, MA 01915-1760

    • Turn key restaurants
    • 4,242 SF
    • 0.59 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2023
    $1,800,000
    Value Estimations
    $1,760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0786279
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 44th Dodge St

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.59 lot acres
    Property size
    4,242 SF
    Zone code
    CG
    Property type
    Turn key restaurants
    APN
    BEVE M:0067 B:001A L:
    APU
    BEVEM0067B001AL

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,760,000
      ML approach
      $1,880,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,465,000
      Current use
      COMMERCIAL (GENERAL)
      $1,275,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Beverly
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8925
    Latitude
    42.5756
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $23,954
    $655,900
    $435,900
    $1,091,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $425,000
      3,982 SF

      232 Rantoul St

      RESTAURANT • 3,982 SF
      232 Rantoul St, Beverly, MA 01915-4211
      View Details
    • Value Estimation
      $510,000
      936 SF

      136 Dodge St

      RESTAURANT • 936 SF
      136 Dodge St, Beverly, MA 01915-1831
      View Details
    • Value Estimation
      $515,000
      4,078 SF

      214 Cabot St

      RESTAURANT • 4,078 SF
      214 Cabot St, Beverly, MA 01915-5717
      View Details
    • Value Estimation
      $490,000
      3,810 SF

      250 Cabot St

      RESTAURANT • 3,810 SF
      250 Cabot St, Beverly, MA 01915-4523
      View Details
    • Value Estimation
      $285,000
      510 SF

      642 Hale St

      RESTAURANT • 510 SF
      642 Hale St, Beverly, MA 01915-2117
      View Details
    • Value Estimation
      $2,600,000
      6,684 SF

      10 Park St

      RESTAURANT • 6,684 SF
      10 Park St, Beverly, MA 01915-4202
      View Details

    Similar Nearby for Sale

    • $350,000

      Turnkey Pizza Store in Beverly

      Turnkey pizza store in downtown Beverly near train station.
      199 Rantoul St, Beverly, MA 01915
      View Details
    • $1,899,000
      3,982 SF

      Turnkey Brewery and Taproom Opportunity

      Fully operational brewery and taproom in downtown Beverly, Massachusetts.
      232 Rantoul St, Beverly, MA 01915
      View Details
    • $400,000

      Turnkey Brewery and Taproom Business

      Fully operational brewery and taproom in downtown Beverly, Massachusetts.
      232 Rantoul St, Beverly, MA 01915
      View Details
    • New
      $849,900
      3,231 SF

      Mixed-Use Building in Beverly, MA

      Mixed-use property with storefront, residential units, and garage.
      261 Rantoul St, Beverly, MA 01915
      View Details
    • $259,900

      large reception\/waiting room area

      3\/4 bath
      83 Herrick Street Ext, Beverly, MA 01915
      View Details
    • $1,450,000
      0.15 Acres

      Beverly Mixed-Use Investment Opportunity

      Three-unit multi-family & three-bay garage.
      15 River St, Beverly, MA 01915
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      Turn-Key Restaurant in Downtown Beverly

      Open-concept restaurant space available for lease in downtown Beverly.
      374 Rantoul St, Beverly, MA 01915
      View Details
    • $1.00 SF/Yr

      Restaurant Space Near Beverly Depot

      Second generation quick serve pizzeria space for rent.
      202 Rantoul St, Beverly, MA 01915
      View Details
    • $22 SF/Yr
      1,200 SF

      Retail Suite in Cabot Plaza

      1,200 SF retail suite in downtown Beverly.
      409 Cabot St, Beverly, MA 01915
      View Details
    • Contact for pricing
      19,866 SF

      Retail Space in Beverly Center

      Retail space available in a Dollar Tree-anchored shopping center.
      377 Cabot St, Beverly, MA 01915
      View Details
    • $22 SF/Yr
      913 SF

      Retail Space in Cabot Plaza

      913 SF retail suite in downtown Beverly for lease.
      409 Cabot St, Beverly, MA 01915
      View Details
    • $18 SF/Yr

      Cummings Center Office Sublease Available

      Move-in ready office space with lease extension options.
      900 Cummings Ctr, Beverly Farms, MA 01915
      View Details
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    44th Dodge St
    Beverly, MA 01915-1760
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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