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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Hotels
102 Newbury St Danvers, MA 01923-1035
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-0350688
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1998
Construction
FRAME
Total area
45,432 SF
Lot
2.59 ac (112,820 SF)
Zoning code
HC
APN
DANV M:040 L:009 P:
UPID
US38-0350688
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
Current use
Occupant on record · Public records
-
Comfort Inn Danvers - Boston North Shore Hotel & Motel
-
ABBA God with us Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.47M
Owner & transaction history
Giri Danvers INC · 9 yrs held
Giri Danvers INC
since 2017
7 recorded transactions
Zoning & alternative use
HC · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-IA District TABLE 3 - TABLE OF DIMENSIONAL REQUIREMENTS - COMMERCIAL & INDUSTRIAL - (* see section 7.3 for Supplemental Provisions) approved by Town Meeting on Janaury 29, 2007 PARKING SETBACKS from HIGHWAY CORRIDOR (HC) 100 = Res. Use 50 = R-IA District 25 = all other 100 = Res. Use 50 = R-IA District 25 = all other NA 50= res. Property 20 = R-IA District…
Zone name
Highway Corridor
General category
UNKNOWN
Zone area
283.80 ac
Source
Danvers Zoning Bylaws 2025
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 Danvers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danvers 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
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±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
$32 / 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
$98,357
Tax year 2024
Assessed value
$5,288,000
Assessed 2024
Previous assessed
$5,288,000
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$2,538,500
Assessed improvement
$2,749,500
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
104
Rooms
10
Bathrooms
105
Total area
45,432 SF
Lot
2.59 ac (112,820 SF)
Zoning code
HC
APN
DANV M:040 L:009 P:
UPID
US38-0350688
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
HC · Danvers, MAZoning HC · permitted uses
HC · Danvers, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-IA District TABLE 3 - TABLE OF DIMENSIONAL REQUIREMENTS - COMMERCIAL & INDUSTRIAL - (* see section 7.3 for Supplemental Provisions) approved by Town Meeting on Janaury 29, 2007 PARKING SETBACKS from HIGHWAY CORRIDOR (HC) 100 = Res. Use 50 = R-IA District 25 = all other 100 = Res. Use 50 = R-IA District 25 = all other NA 50= res. Property 20 = R-IA District COMMERCIAL IA (C-IA) COMMERCIAL III (C-III
Zone name
Highway Corridor
General category
UNKNOWN
Zone area
283.80 ac
Source
Danvers Zoning Bylaws 2025
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
104
Rooms
10
Bathrooms
105
Lot
2.59 ac
Current owner
From public records · entity-resolved
Giri Danvers INC
Entity
Mailing address
2300 CROWN COLONY DR STE #203, QUINCY, MA 02169-0902
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2018
—
Giri Danvers INC
—
Deed
related
$360,000 · Kennebunk Savings Bank
May 17, 2017
$4,400,000
Giri Danvers INC
Esa P Portfolio LLC
Quit Claim Arm's Length For Ne States
$5,640,000 · Kennebunk Svgs Bank
Feb 24, 2014
—
Esa P Portfolio LLC
—
Grant Deed
related
$1 · Jp Morgan Chase Bk
Jan 10, 2007
$1
Bre Esa Ap Portfolio LLC
Bre Esa Prop LLC
Grant Deed
—
Jan 10, 2007
—
Bre Esa Ap Portfolio LLC
—
Deed Of Trust
related
$2,520,000 · Bank Of America
May 24, 2004
$1
Bre Esa Prop LLC
Extended Stay Ma INC
Grant Deed
related
—
May 24, 2004
—
Bre Esa Operating Lessee
—
Deed Of Trust
related
$2,050,000 · Bear Stevens Funding
Jun 11, 1997
$1,300,000
Esa 0576 INC
Nangle,leonard J
Grant Deed
related
—
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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