Technical
Financial
Distress signals
Property profile

13 Elm St Danvers, MA 01923

OFF-MARKET
Retail space
Property ID
US38-0622135
4,644 SF 0.12 ac lot Built 1910
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Danvers, MA property presents a unique opportunity for lease or owner-occupancy. Located at 13 Elm Street, this single-tenant retail space boasts 2,746 square feet on the ground floor of a 4,644 square foot building situated on a 5,332 square foot lot. The space features approximately 26 feet of high glass frontage, ideal for showcasing your business. A full basement provides valuable dry storage. Two handicap-accessible bathrooms are included. Each tenant has independent electric, natural gas, and water meters. The property is zoned DTC-C and benefits from its proximity to three municipal parking lots within 100 feet, supplemented by abundant on-street parking in downtown Danvers. This location is perfect for restaurants, retail businesses, professional offices, or service-oriented enterprises. Standard NNN lease terms are available, or the property can be purchased by an owner-occupant, potentially qualifying for financing with as little as 10% down. Note that an adjacent property, 15 Elm Street, generates additional income with a long-term lease in place until August 2027. This presents a compelling investment opportunity in a thriving downtown area. The building consists of one story.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction FRAME
Total area 4,644 SF
Lot 0.12 ac (5,332 SF)
Zoning code C1
APN DANV M:043 L:347 P:
UPID US38-0622135

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
  • Gym & Fitness Center

Location

13 Elm St Danvers, MA 01923-2809
Danvers metro Census 211202 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$945k
CAP Approach CAP
$1.18M
Comparable Approach Comparable
$826k
Blend (final) Blend
$995k

Owner & transaction history

since 2025
Last sale
$875,000
4 recorded transactions
2025
$950,000
2023
$875,000
2009
$1
2001
$383,000

Zoning & alternative use

C1 · Danvers, MA
Zoning description

The purpose of this district is to provide commercial uses.

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.1M +7.7%

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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