Property profile

80 Prospect St Peabody, MA 01960

OFF-MARKET
Office buildings
Property ID
US38-1461131
4,876 SF 0.38 ac lot Built 1960
Individually Owned Free & Clear
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Property summary

AI-generated overview

A first-floor commercial suite of approximately 835 square feet within a freestanding building, configured with a reception area, an adjacent open room, three private rooms, and an in-unit bathroom. The space has historically been used for personal services such as nails, lashes, facials, and brows and is laid out to support multiple treatment or office rooms. The building is situated in an office-and-retail area near North Shore Mall, overlooking the intersection featuring Petco, T-Mobile, Starbucks, and BMW. The property includes 30 on-site parking spaces with two-way access to Route 114 from Prospect Street, with Routes 1, 95, and 128 nearby. Heating and air conditioning are provided to the suite; utilities such as electricity, telephone, and internet are typically handled by the occupant.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction FRAME
Total area 4,876 SF
Lot 0.38 ac (16,540 SF)
Zoning code BR
APN PEAB M:0039 B:0007
UPID US38-1461131

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon
  • Alternative Medicine Practice Spa & Massage Center
  • Spa & Massage Center Alternative Medicine Practice
  • Cemetery
  • Tattoo & Piercing Shop

Location

80 Prospect St Peabody, MA 01960-0120
Peabody metro Census 210302 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
$614k
Blend (final) Blend
$360k

Owner & transaction history

Zoning & alternative use

BR · Peabody, MA
Zoning description

District is to provide space for large mixed commercial development that serves a regional market, which customers generally access by car so there is ample parking to serve the facility. Outdoor storage and use is allow…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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