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Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Retail properties & Spaces
54 Elliott St Beverly, MA 01915-3359
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-1272956
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1998
Construction
STEEL FRAME
Total area
14,036 SF
Lot
1.16 ac (50,416 SF)
Zoning code
CC
APN
BEVE M:0020 B:0230 L:
UPID
US38-1272956
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
$4.62M
CAP Approach
CAP
$3.55M
Comparable Approach
Comparable
$2.93M
Blend (final)
Blend
$4.53M
Owner & transaction history
Opof2020 Wg I LLC · 3 yrs held
Opof2020 Wg I LLC
since 2023
Last sale
$4.5M
2 recorded transactions
Zoning & alternative use
CC · Beverly, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+55.2%
Apartment house (5+ units)
$4.5M
+43.8%
Commercial (general)
$4.2M
+35.3%
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
$4,435,000
ML approach
$4,615,000
CAP Approach
CAP Return
Estimation
6%
$3,845,000
6.5%
$3,550,000
7%
$3,295,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,120,000
Current use
RESTAURANT
$4,845,000
Change: +55% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,490,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,225,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$3,610,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,360,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±10% · vs last sale $4.53M (Mar 2 2023)
Last sale anchor
$4.53M
Mar 2 2023
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
$323 / 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
$65,149
Tax year 2024
Assessed value
$2,969,400
Assessed 2024
Previous assessed
$2,969,400
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$831,900
Assessed improvement
$2,137,500
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
14,036 SF
Lot
1.16 ac (50,416 SF)
Zoning code
CC
APN
BEVE M:0020 B:0230 L:
UPID
US38-1272956
Jurisdiction
BEVERLY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CC · Beverly, MA
Zoning CC · permitted uses
CC · Beverly, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beverly. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.1M
RESTAURANT
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.4M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1998
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Opof2020 Wg I LLC
Entity
Free & Clear · 3 yrs held
Mailing address
54 ELLIOTT ST, BEVERLY, MA 01915-3359
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
$4,532,000
Opof2020 Wg I LLC
Walgreen Eastern Co INC
Quit Claim Arm's Length For Ne States
—
Mar 2, 1999
$4,797,096
Walgreen Eastern Co
Suncor Dev Of Mass LP
Grant Deed
—
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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