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Property profile & analytics
FOR LEASE
Super regional malls
136 Andover St Danvers, MA 01923
Individually Owned
36-yr Hold
~
Est. High Equity
Property ID
US38-0384164
For Lease
1 / 2
$905,000
136 Andover St, Danvers, MA 01923
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1989
Construction
STEEL FRAME
Total area
16,444 SF
Lot
2.4 ac (104,544 SF)
Zoning code
R114
APN
DANV M:055 L:007 P:
UPID
US38-0384164
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
-
Four Seasons Nails & Spa Nail Salon
-
Supercuts Barber Shop
-
CosmoProf (Bike/Boat/Book/etc) Store Cosmetic Store
-
Good Feet Store Danvers Orthopedic Shoe Store Shoe Store
-
Lacrosse Unlimited of Danvers-MA (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$905k
Owner & transaction history
Amberwood Dev Tr · 36 yrs held
Amberwood Dev Tr
since 1990
7 recorded transactions
Zoning & alternative use
R114 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+100.4%
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
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Current use
AUTO REPAIR, GARAGE
$1,425,000
Change: +100% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$55 / 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
$85,774
Tax year 2024
Assessed value
$4,611,500
Assessed 2024
Previous assessed
$4,611,500
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$2,822,700
Assessed improvement
$1,788,800
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1989
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
6
Bathrooms
16
Total area
16,444 SF
Lot
2.4 ac (104,544 SF)
Zoning code
R114
APN
DANV M:055 L:007 P:
UPID
US38-0384164
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R114 · Danvers, MA
Zoning R114 · permitted uses
R114 · Danvers, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Danvers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
6
Bathrooms
16
Lot
2.4 ac
Current owner
From public records · entity-resolved
Amberwood Dev Tr
Individual
Mailing address
7 AMBERWOOD LN, BOXFORD, MA 01921-2124
Ownership since
1990
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2012
—
Dev T Amberwood
—
Deed Of Trust
related
$1,700,000 · East Boston Savings Bank
May 20, 2011
—
Dev T Amberwood
—
Deed Of Trust
related
$1,860,000 · Danvers Savings Bank
Dec 28, 2007
—
Dev T Amberwood
—
Deed Of Trust
related
$1,000,000 · Danvers Savings Bank
Aug 18, 2006
—
Dev T Amberwood
—
Deed Of Trust
related
$700,000 · Danvers Savings Bank
May 26, 2004
—
Dev T Amberwood
—
Deed Of Trust
related
$5,300,000 · Danvers Savings Bank
Dec 4, 1997
—
Dev T Amberwood
—
Deed Of Trust
related
$36,000 · Warren Five Cts Savings
Dec 21, 1995
—
Amberwood Dev Trust
—
Deed Of Trust
related
$1,600,000 · Warren Five Cts Savings
Mar 7, 1990
$2,280,000
Amberwood Dev Tr
Thompson,charles M
Grant Deed
—
Dec 27, 1989
—
Amberwood Dev Tr
—
Deed Of Trust
related
$233,000 · Danvers Savings Bank
Oct 31, 1988
—
136 Andover St Tr
—
Deed Of Trust
related
$3,126,000 · Bankboston Development Co LLC
May 19, 1987
—
136 Andover St Trust
—
Deed Of Trust
related
$1,800,000 · Quincy Svgs Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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