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Property profile & analytics
OFF-MARKET
Estimated value
$3,045,000
Office buildings
11 Sylvan St Danvers, MA 01923-2748
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-0749098
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
FRAME
Total area
9,846 SF
Lot
0.38 ac (16,670 SF)
Zoning code
R1
APN
DANV M:051 L:047 P:
UPID
US38-0749098
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
-
Mc Ginn Law PC Law Firm
-
Archimedia Solutions Group Llc Business To Business Service
-
David Helfand Physician Medical Clinic
-
Tunick Financial Services Accounting Firm Tax Preparation
-
Christopher Jim Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$3.05M
Owner & transaction history
Asg Invest LLC · 10 yrs held
Asg Invest LLC
since 2015
5 recorded transactions
Zoning & alternative use
R1 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
137 22.2 AUTHORITY AND APPLICABILITY A. General Authority The MSTND is an overlay district superimposed on all Underlying Zoning districts including the Industrial-1 (I-1), Residential-1 (R-1), Danvers Town Center-Core (DTC-C), and Danvers Town Center- Live/Work (DTC-L/W) Base Zoning Districts. The regulations for use, dimension, and all other provisions of…
Zone name
Residential 1
General category
RESIDENTIAL
Zone area
838.10 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±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
$309 / 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
$24,483
Tax year 2024
Assessed value
$1,316,300
Assessed 2024
Previous assessed
$1,316,300
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$395,800
Assessed improvement
$920,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
7
Bathrooms
6
Total area
9,846 SF
Lot
0.38 ac (16,670 SF)
Zoning code
R1
APN
DANV M:051 L:047 P:
UPID
US38-0749098
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R1 · Danvers, MAZoning R1 · permitted uses
R1 · Danvers, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
137 22.2 AUTHORITY AND APPLICABILITY A. General Authority The MSTND is an overlay district superimposed on all Underlying Zoning districts including the Industrial-1 (I-1), Residential-1 (R-1), Danvers Town Center-Core (DTC-C), and Danvers Town Center- Live/Work (DTC-L/W) Base Zoning Districts. The regulations for use, dimension, and all other provisions of the Zoning Bylaw governing the Underlying Zoning
Zone name
Residential 1
General category
RESIDENTIAL
Zone area
838.10 ac
Source
Danvers Zoning Bylaws 2025
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
7
Bathrooms
6
Lot
0.38 ac
Current owner
From public records · entity-resolved
Asg Invest LLC
Entity
Mailing address
11 SYLVAN ST, DANVERS, MA 01923-2748
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2015
$795,000
Asg Invest LLC
Kilborn Properties LLC
Quit Claim Deed
$625,000 · Archimedia Solutions
Jan 3, 2008
$1
Kilborn Prop LLC
11 Sylvan Street RT
Grant Deed
—
Feb 14, 2000
—
11 Sylvan St. RT
—
Deed Of Trust
related
$456,000 · North Shore Bank
Nov 27, 1998
—
11 Sylvan St. RT
—
Deed Of Trust
related
$100,000 · Danvers Savings Bank
Jun 26, 1997
$175,000
11 Sylvan Street RT
Bittner Family Ret
Grant Deed
$225,000 · North Shore 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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