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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Investment properties
59 Federal St Beverly, MA 01915-5725
Individually Owned
9-yr Hold
Property ID
US38-1689000
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
FRAME
Total area
3,123 SF
Lot
0.11 ac (4,687 SF)
Zoning code
IG
APN
BEVE M:0010 B:0207 L:
UPID
US38-1689000
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
$975k
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$715k
Owner & transaction history
59-61 Federal Street L · 9 yrs held
59-61 Federal Street L
since 2017
7 recorded transactions
Zoning & alternative use
IG · Beverly, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$1,055,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$940,000
Current use
OFFICE BUILDING
$805,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$229 / 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
$779,300
Assessed 2024
Previous assessed
$779,300
+0.0% YoY
Assessed land
$333,900
Assessed improvement
$445,400
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
HOT WATER
Buildings
2
Stories
2
Units
3
Rooms
12
Bathrooms
2
Total area
3,123 SF
Lot
0.11 ac (4,687 SF)
Zoning code
IG
APN
BEVE M:0010 B:0207 L:
UPID
US38-1689000
Jurisdiction
BEVERLY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
IG · Beverly, MA
Zoning IG · permitted uses
IG · 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
COMMERCIAL (GENERAL) Current
Est. value
$940,000
OFFICE BUILDING
Est. value
$805,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
HOT WATER
Stories
2
Buildings
2
Units
3
Rooms
12
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
59-61 Federal Street L
Individual
Mailing address
40 WESTERN AVE, BEVERLY, MA 01915-3959
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2022
—
59-61 Federal Street LLC
—
Deed
related
$200,000 · North Shore Bank
Feb 7, 2017
$465,000
59-61 Federal Street L
Federal Street T
Quit Claim Arm's Length For Ne States
$348,750 · Beverly Bank
Dec 26, 2012
—
Street T Federal
—
Deed Of Trust
related
$258,750 · Union Trust Mortgage Corp
Apr 17, 2009
$1
Street T Fed
Sosa,victor A
Grant Deed
—
Mar 1, 2004
$386,500
Victor A Sosa
Ross,jay Alan
Grant Deed
$289,875 · Union Trust Mortgage Corp
Mar 1, 2004
—
Graciela Sosa
—
Deed Of Trust
related
$289,875 · Union Trust Mortgage Corp
May 12, 2003
—
Jay Ross
—
Deed Of Trust
related
$224,250 · Washington Mutual Bank
Feb 2, 2000
—
Susan Lawler-ross
—
Deed Of Trust
related
$30,000 · Beverly City
Apr 2, 1999
—
Susan Lawler-ross
—
Deed Of Trust
related
$80,000 · United Airlines FCU
Jul 25, 1994
$130,000
Murray Ft
Scouras,charles P
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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