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Property profile & analytics
FOR LEASE
Office buildings
152 Sylvan St Danvers, MA 01923
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1406687
For Lease
1 / 5
$7,600,000
152 Sylvan St, Danvers, MA 01923
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
STEEL FRAME
Total area
23,772 SF
Lot
1.97 ac (85,617 SF)
Zoning code
R1
APN
DANV M:062 L:014C P:
UPID
US38-1406687
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
-
Jerushah Sweet Counselor
-
Wakefield Observer Social Service Agency
-
Cheryl P. Kristoph, LICSW Foster Care Service Social Service Agency
-
Jane D. Ross, LPC Counselor
-
Ashley Ashlock Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.45M
Blend (final)
Blend
$7.60M
Owner & transaction history
Lee RT · 2 yrs held
Lee RT
since 2023
4 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
$7.60M
Range $6.84M – $8.36M · ±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
$320 / 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
$64,053
Tax year 2024
Assessed value
$3,443,700
Assessed 2024
Previous assessed
$3,443,700
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$1,679,100
Assessed improvement
$1,764,600
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
For Lease
Year built
1978
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
6
Bathrooms
6
Total area
23,772 SF
Lot
1.97 ac (85,617 SF)
Zoning code
R1
APN
DANV M:062 L:014C P:
UPID
US38-1406687
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
1978
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
6
Bathrooms
6
Lot
1.97 ac
Current owner
From public records · entity-resolved
Lee RT
Individual
Mailing address
PO BOX 215, DANVERS, MA 01923-0315
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
—
Lee RT
—
Deed
related
$936,497 · Cape Ann Savings Bank
Apr 23, 2008
—
Lee,jeremy S Tr
—
Deed Of Trust
related
$1,400,000 · North Shore Bank
Jul 9, 1993
—
Lee RT
—
Deed Of Trust
related
$1,345,086 · Warren Five Cts Savings
May 8, 1990
—
Lee Realty Corp
—
Deed Of Trust
related
$154,000 · Danvers Savings 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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