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Property profile & analytics
OFF-MARKET
Estimated value
$15,095,000
Industrial properties
55 Cherry Hl Dr, Beverly, MA 01915-1068
Entity Owned
10-yr Hold
Free & Clear
Property ID
US38-0436993
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2017
Construction
STEEL FRAME
Total area
93,708 SF
Lot
9.05 ac (394,270 SF)
Zoning code
IR
APN
BEVE M:0065 B:0006 L:
UPID
US38-0436993
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
by Request
CAP Approach
CAP
$15.34M
Comparable Approach
Comparable
$20.60M
Blend (final)
Blend
$15.10M
Owner & transaction history
Krohne INC · 10 yrs held
Krohne INC
since 2016
7 recorded transactions
Zoning & alternative use
IR · Beverly, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$24.1M
+57.0%
Auto repair, garage
$22.4M
+46.3%
Retail stores
$20.8M
+35.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,615,000
6.5%
$15,335,000
7%
$14,240,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$15,345,000
Current use
OFFICE BUILDING
$24,085,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$22,445,000
Change: +46% · Conversion: Easy
RETAIL STORES
$20,840,000
Change: +36% · Conversion: Moderate
WAREHOUSE, STORAGE
$13,175,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$15.10M
Range $13.59M – $16.60M · ±10%
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
$161 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$286,012
Tax year 2021
Assessed value
$13,202,500
Assessed 2024
Previous assessed
$13,202,500
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$2,562,200
Assessed improvement
$10,640,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Units
2
Bathrooms
4
Total area
93,708 SF
Lot
9.05 ac (394,270 SF)
Zoning code
IR
APN
BEVE M:0065 B:0006 L:
UPID
US38-0436993
Jurisdiction
BEVERLY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
IR · Beverly, MA
Zoning IR · permitted uses
IR · 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
INDUSTRIAL (GENERAL) Current
Est. value
$15.3M
OFFICE BUILDING
Est. value
$24.1M
AUTO REPAIR, GARAGE
Est. value
$22.4M
RETAIL STORES
Est. value
$20.8M
WAREHOUSE, STORAGE
Est. value
$13.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
2
Bathrooms
4
Lot
9.05 ac
Current owner
From public records · entity-resolved
Krohne INC
Entity
Free & Clear · 10 yrs held
Mailing address
55 CHERRY HL DR, BEVERLY, MA 01915-1068
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2017
—
Krohne INC
—
Deed
related
$12,800,000 · Bank Of America
Mar 1, 2016
$6,750,000
Krohne INC
55 Cherry Hill Drive LLC
Quit Claim Deed
—
Jan 28, 2004
$6,200,000
55 Cherry Hill Dr LLC
Axcelis Technologies INC
Grant Deed
$4,000,000 · Gary Needham
Oct 3, 2003
—
Axcelis Technologies INC
—
Deed Of Trust
related
$50,000,000 · Abn Amro Mortgage Group INC
Sep 24, 1997
$6,700,000
Eaton Corp
Flatley,thomas J
Grant Deed
—
Dec 13, 1996
—
Thomas J Flatley
—
Deed Of Trust
related
$2,500,000 · Mens Assur Business
Oct 8, 1993
—
Flatley Company
—
Deed Of Trust
related
$3,500,000 · Busines Mens Assur
Nov 2, 1987
—
Thomas J Flatley
—
Deed Of Trust
related
$6,000,000 · Bankers Trust Co
—
—
Krohne INC
—
Deed Of Trust
related
$12,800,000 · Bank Of America
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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