Industrial Building with Drive-In
12 GARDEN ST, Danvers, MA 01923
For Sale
Contact for pricing
Cinder block construction, on-site parking, and Route 114 Corridor Zone A zoning shape this Danvers industrial property.
Property Size5,880 SF
Lot Size0.93 Acres
Price / SF$340.14
Days on Market36
Property Features for 12 GARDEN ST
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Highway Access
Building Details
Year Built
Construction
Listing Agency:
The Mega Group Commercial Real Estate
Listed By:
Brian DApice · License #MA 9538300
(978) 922-6400
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 3:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Mega Group Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 12 Garden Street in Danvers, this industrial building contains approximately 5,880 square feet on a 40,395-square-foot site. Built around 1975, it has cinder block walls, a slab foundation, on-site parking, and two drive-in doors measuring 8 feet by 8 feet. Clear height is 8 feet at the doors and approximately 10 feet beneath the trusses.
The property is in the Route 114 Corridor Zone A District, where zoning allows buildings up to four stories and self-storage use. Route 114 is nearby, with access to Routes 128, 1, and 95.
The property is in the Route 114 Corridor Zone A District, where zoning allows buildings up to four stories and self-storage use. Route 114 is nearby, with access to Routes 128, 1, and 95.
Key Highlights
- Approximately 5,880 square feet on a 40,395‑square‑foot parcel
- Two 8‑foot‑by‑8‑foot drive‑in doors
- Clear height ranges from 8 feet at the doors to about 10 feet beneath the trusses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,751
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,535,020
$1.5M
Cap Rate 7%
$1,096,443
$1.1M
Cap Rate 9%
$852,789
$852.8K
Market Conditions
NOI Build-Up for 5,880 SF
Gross rent
$94.6K $16.08/SF
− Vacancy
−$4.3K −$0.72/SF
EGI
$90.3K $15.36/SF
− OpEx
−$13.5K −$2.30/SF
NOI
$76.8K $13.05/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,535,020
Cap Rate 7%
$1,096,443
Cap Rate 9%
$852,789
Alternative Uses
Best Use
Warehouse
$1.10M
$959.4K – $1.28M
NOI $76,751 @ 7.0% cap · market cap 3.84%
Second Best
Self Storage
$1.01M
$879.8K – $1.17M
NOI $70,384 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,666 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
8 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 01923, MA
27,987
Population
11,405
Households
2.5
Avg Household Size
46
Median Age
47%
College-Educated
95%
High-School Grad
13.2 sq mi
ZIP Area
2,120
Density / Sq Mi
$117,072
Median Household Income
$59,916
Median Earnings
$2,004
Median Rent
$611,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Industrial properties in Essex County, MA
Properties on Market for Industrial properties in Essex County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - Cinder block construction, on-site parking, and Route 114 Corridor Zone A zoning shape this Danvers industrial property.
Where is this industrial property located?
The property is located at 12 GARDEN ST Danvers, MA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 5,880 square feet on a 40,395‑square‑foot parcel; Two 8‑foot‑by‑8‑foot drive‑in doors; Clear height ranges from 8 feet at the doors to about 10 feet beneath the trusses
