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Property profile & analytics
OFF-MARKET
Estimated value
$2,160,000
Specialty properties
572nd Essex St Beverly, MA 01915-1530
Entity Owned
Free & Clear
Property ID
US38-0997933
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1920
Construction
FRAME
Total area
13,753 SF
Lot
114 ac (4,965,840 SF)
Zoning code
R22
APN
BEVE M:0085 B:0045 L:
UPID
US38-0997933
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
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.16M
Owner & transaction history
RESERVATIONS TR
RESERVATIONS TR
Zoning & alternative use
R22 · Beverly, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
esignated. A. The City of Beverly, Massachusetts is hereby divided into 18 zoning districts to be designated as follows: Designation Description R-90 One-family residential R-45 One-family residential (suburban density) R-22 One-family residential (suburban density) R-15 One-family residential (urban density) R-10 One-family residential (urban density) R-6 O…
Zone name
One Family Residential Suburban Density
General category
RESIDENTIAL
Zone area
1,152.99 ac
Top alternative use upside
Office building
$3.5M
+17.4%
Auto repair, garage
$3.3M
+9.4%
Retail stores
$3.1M
+1.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$3,010,000
Current use
OFFICE BUILDING
$3,535,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,295,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$3,060,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.16M
Range $1.94M – $2.38M · ±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
$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
Assessed value
$3,783,500
Assessed 2024
Previous assessed
$3,783,500
+0.0% YoY
Assessed land
$2,274,600
Assessed improvement
$1,508,900
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
2
Units
4
Bathrooms
3
Total area
13,753 SF
Lot
114 ac (4,965,840 SF)
Zoning code
R22
APN
BEVE M:0085 B:0045 L:
UPID
US38-0997933
Jurisdiction
BEVERLY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R22 · Beverly, MAZoning R22 · permitted uses
R22 · Beverly, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
esignated. A. The City of Beverly, Massachusetts is hereby divided into 18 zoning districts to be designated as follows: Designation Description R-90 One-family residential R-45 One-family residential (suburban density) R-22 One-family residential (suburban density) R-15 One-family residential (urban density) R-10 One-family residential (urban density) R-6 One- and two-family residential Designation Description RMD Multifamily residential R
Zone name
One Family Residential Suburban Density
General category
RESIDENTIAL
Zone area
1,152.99 ac
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$3.0M
OFFICE BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$3.1M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Units
4
Bathrooms
3
Lot
114 ac
Current owner
From public records · entity-resolved
RESERVATIONS TR
Individual
Free & Clear · 0 yrs held
Mailing address
572 ESSEX ST, BEVERLY, MA 01915-1530
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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