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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Motels
5 Lakeview Ave Beverly, MA 01915-1123
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0437715
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1964
Construction
FRAME
Total area
12,602 SF
Lot
0.3 ac (12,855 SF)
Zoning code
R10
APN
BEVE M:0080 B:0123 L:
UPID
US38-0437715
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
Lakeview Rlty Hldg LLC · 5 yrs held
Lakeview Rlty Hldg LLC
since 2021
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
R10 · Beverly, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-10 One-Family District is established to principally provide for single-family detached residences at urban density on small-sized lots
Zone name
One Family Residential Urban Density
General category
RESIDENTIAL
Zone area
2,455.25 ac
Source
Realmo
Top alternative use upside
Office building
$2.5M
+209.4%
Retail stores
$2.3M
+188.0%
Auto repair, garage
$2.0M
+157.2%
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 Beverly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beverly 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
$2,410,000
ML approach
$2,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,460,000
Change: +209% · Conversion: Difficult
RETAIL STORES
$2,290,000
Change: +188% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,045,000
Change: +157% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,685,000
Change: +112% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,660,000
Change: +109% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $1.90M (Mar 19 2021)
Last sale anchor
$1.90M
Mar 19 2021
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
$157 / 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
$35,310
Tax year 2024
Assessed value
$1,609,400
Assessed 2024
Previous assessed
$1,609,400
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$502,800
Assessed improvement
$1,106,600
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
22
Rooms
40
Bathrooms
24
Total area
12,602 SF
Lot
0.3 ac (12,855 SF)
Zoning code
R10
APN
BEVE M:0080 B:0123 L:
UPID
US38-0437715
Jurisdiction
BEVERLY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R10 · Beverly, MAZoning R10 · permitted uses
R10 · Beverly, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-10 One-Family District is established to principally provide for single-family detached residences at urban density on small-sized lots
Zone name
One Family Residential Urban Density
General category
RESIDENTIAL
Zone area
2,455.25 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1964
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
22
Rooms
40
Bathrooms
24
Lot
0.3 ac
Current owner
From public records · entity-resolved
Lakeview Rlty Hldg LLC
Entity
Mailing address
5 LAKEVIEW AVE, BEVERLY, MA 01915-1123
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2024
—
Lakeview Realty Hldg LLC
—
Deed
related
$386,000 · Cape Ann Savings Bank
Mar 19, 2021
$1,900,000
Lakeview Rlty Hldg LLC
Brenda J Spence
Quit Claim Arm's Length For Ne States
$573,000 · Cape Ann Savings Bank
Mar 19, 2021
—
Lakeview Rlty Hldg LLC
—
Deed
related
$583,000 · New England Certified Development Corp
Aug 28, 2020
—
Brenda J Spence
—
Deed
related
$50,000 · North Shore Bank
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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