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Property profile & analytics
OFF-MARKET
Estimated value
$4,255,000
Industrial properties
66 Cherry Hl Dr Beverly, MA 01915-1086
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-1628051
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Construction
STEEL FRAME
Total area
32,800 SF
Lot
2.32 ac (101,059 SF)
Zoning code
IR
APN
BEVE M:0065 B:0007 L:
UPID
US38-1628051
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
$4.11M
CAP Approach
CAP
$5.37M
Comparable Approach
Comparable
$5.21M
Blend (final)
Blend
$4.26M
Owner & transaction history
1111 Cherry Hill LLC · 5 yrs held
1111 Cherry Hill LLC
since 2020
Last sale
$3.3M
2 recorded transactions
Zoning & alternative use
IR · 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
$4,245,000
ML approach
$4,110,000
CAP Approach
CAP Return
Estimation
6%
$5,815,000
6.5%
$5,370,000
7%
$4,985,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,370,000
Current use
WAREHOUSE, STORAGE
$4,610,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$4.26M
Range $3.83M – $4.68M · ±10% · vs last sale $3.30M (Dec 16 2020)
Last sale anchor
$3.30M
Dec 16 2020
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
$130 / 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
$73,299
Tax year 2024
Assessed value
$3,340,900
Assessed 2024
Previous assessed
$3,340,900
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$1,035,900
Assessed improvement
$2,305,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Units
4
Bathrooms
10
Total area
32,800 SF
Lot
2.32 ac (101,059 SF)
Zoning code
IR
APN
BEVE M:0065 B:0007 L:
UPID
US38-1628051
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
$5.4M
WAREHOUSE, STORAGE
Est. value
$4.6M
INDUSTRIAL (GENERAL) Current
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
1988
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Units
4
Bathrooms
10
Lot
2.32 ac
Current owner
From public records · entity-resolved
1111 Cherry Hill LLC
Entity
Free & Clear · 5 yrs held
Mailing address
55 CAMBRIDGE ST, BURLINGTON, MA 01803-4615
Ownership since
2020
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
Dec 16, 2020
$3,300,000
1111 Cherry Hill LLC
66 Cherry Hill Drive LLC
Quit Claim Deed
—
Aug 18, 2017
$3,300,000
66 Cherry Hill Drive L
Brookwood Cherry Hill
Quit Claim Arm's Length For Ne States
$1,650,000 · Salem Five Cents Savings 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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