13 Elm St Danvers, MA 01923-2809
Property profile & analytics
13 Elm St Danvers, MA 01923-2809
- Retail space
- 4,644 SF
- 0.12 lot acres
Property ID
US38-0622135
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- In Motion Fitness / Gym & Fitness Center
Property Details for 13 Elm St
- Year built
- 1910
- Construction
- FRAME
- Lot size
- 0.12 lot acres
- Property size
- 4,644 SF
- Zone code
- C1
- Property type
- Retail space
- APN
- DANV M:043 L:347 P:
- APU
- DANVM043L347P
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $995,000
- ML approach
- $945,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,270,000
- 6.5%
- $1,175,000
- 7%
- $1,090,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $826,000
Market price range: $642k - $1.53M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,035,000 Current use
- AUTO REPAIR, GARAGE
- $1,110,000 Change: +8% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $920,000 Change: -11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Danvers
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9362
- Latitude
- 42.5653
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,512
$386,400
$286,300
$672,700
-
$0.00
$0.00
$0.00
