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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Investment properties
14 Water St, Danvers, MA 01923-3793
Individually Owned
3-yr Hold
Property ID
US38-0604676
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Construction
FRAME
Total area
4,686 SF
Lot
0.35 ac (15,172 SF)
Zoning code
R1
APN
DANV M:059 L:128 P:
UPID
US38-0604676
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
-
Profiles Hair Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.14M
Owner & transaction history
Joanne H Peters · 3 yrs held
Joanne H Peters
since 2023
7 recorded transactions
Zoning & alternative use
R1 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+21.0%
Retail stores
$1.0M
+12.3%
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%
$1,580,000
6.5%
$1,460,000
7%
$1,355,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$930,000
Current use
AUTO REPAIR, GARAGE
$1,120,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$1,040,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$243 / 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
Assessed value
$984,600
Assessed 2024
Previous assessed
$984,600
+0.0% YoY
Assessed land
$308,300
Assessed improvement
$676,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
6
Rooms
13
Bathrooms
7
Total area
4,686 SF
Lot
0.35 ac (15,172 SF)
Zoning code
R1
APN
DANV M:059 L:128 P:
UPID
US38-0604676
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R1 · Danvers, MA
Zoning R1 · permitted uses
R1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1880
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
6
Rooms
13
Bathrooms
7
Lot
0.35 ac
Current owner
From public records · entity-resolved
Joanne H Peters
Individual
Mailing address
7 HOLLY LN, BEVERLY, MA 01915-1572
Ownership since
2023
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
Jan 26, 2023
—
Joanne H Peters
Joanne H Peters
Condominium Deed
—
Jun 5, 2020
—
Krisnick Properties LLC
—
Deed
related
$315,000 · Hingham Institution For Savings
Oct 24, 2011
$1
Helen M Mondi
Mondi,david J
Grant Deed
related
—
May 27, 2010
—
Krisnick Prop LLC
—
Deed Of Trust
related
$350,000 · Hingham Institute For Savings
Dec 13, 2005
$480,000
Bryan H Andrada
Danvers Victorian T
Grant Deed
—
Sep 17, 2003
—
Victorian T Danvers
—
Deed Of Trust
related
$270,000 · Marblehead Savings Bank
Feb 3, 1999
—
Victorian T Danvers
—
Deed Of Trust
related
$231,000 · Marblehead Savings Bank
Mar 10, 1997
—
Victorian T Danvers
—
Deed Of Trust
related
$20,000 · Danvers Savings Bank
Dec 21, 1990
$263,000
Danvers Victorian Tr
Danvers Sb
Grant Deed
related
$270,000 · Danvers Savings Bank
Aug 1, 1988
—
Jbi & Emi Realty Tr
—
Deed Of Trust
related
$69,000 · Bank Of Ne Essex
Feb 18, 1988
—
Jbi & Emi Rlty Tr
—
Deed Of Trust
related
$150,000 · Zmc Trust Et Al 2nd
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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