Property profile

9 Centennial Dr 2ND Peabody, MA 01960

FOR LEASE
Office buildings
Property ID
US38-1484507
73,248 SF 5.13 ac lot Built 1986
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office space in Peabody, Massachusetts, offers a diverse range of solutions for businesses of all sizes. Located at 9 Centennial Drive, in Essex County, this property provides flexible options including traditional office suites, executive offices, coworking spaces, medical offices, and creative office layouts. The space caters to various needs, from single-person setups to large corporations, with customizable options ranging from one to over 100 desks. Services include fully furnished and equipped private offices, adaptable to specific requirements, including serviced, custom, disaster recovery, and day offices. Coworking options provide shared office or open-plan areas, with daily or hot desk reservations available. Meeting rooms are also available, ranging from informal chat spaces to facilities suitable for presentations, training sessions, interviews, board meetings, or conferences, bookable by the hour or for extended periods. Virtual office options are also available, offering prestigious business addresses, mail handling, and professional virtual assistant services, including lounge access and office space for a set number of days per month. Flexible working plans provide access to a global network of business lounges and workspaces, with options for private offices or coworking spaces available for varying numbers of days monthly. The property's location in Peabody, MA, zip code 01960, offers convenient access to local amenities and transportation. This adaptable workspace allows businesses to tailor their environment to their specific needs and growth trajectory.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction FRAME
Total area 73,248 SF
Lot 5.13 ac (223,506 SF)
Zoning code IP
APN PEAB M:0091 B:0009
UPID US38-1484507

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
  • General Contractor
  • Real Estate Agency
  • Counselor
  • Counselor
  • Counselor

Location

9 Centennial Dr, Unit 2ND Peabody, MA 01960
Peabody metro Census 210402 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.47M

Owner & transaction history

since 2007
3 recorded transactions
2025
Price N/A
2023
Price N/A
2007
$12.1M

Zoning & alternative use

IP · Peabody, MA
Zoning description

IP Industrial Park. To provide for a large area where uses requiring the manufacture, assembly, processing or handling of materials can locate, along with related office facilities. 3.2.11 DDD Designated Development Dist…

General category INDUSTRIAL

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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