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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Automotive properties
155 Andover St Danvers, MA 01923-1418
Individually Owned
29-yr Hold
Free & Clear
Property ID
US38-1421354
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1985
Construction
STEEL FRAME
Total area
21,812 SF
Lot
1.83 ac (79,824 SF)
Zoning code
R114
APN
DANV M:055 L:014 P:
UPID
US38-1421354
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
-
Kelly INFINITI Car Dealership
-
Kelly Automotive Group Car Dealership
-
Kelly INFINITI Service Center Auto Repair Shop
-
Kelly INFINITI Parts Center Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.38M
Owner & transaction history
April RT · 29 yrs held
April RT
since 1996
7 recorded transactions
Zoning & alternative use
R114 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±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
$63 / 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
$78,832
Tax year 2024
Assessed value
$4,238,300
Assessed 2024
Previous assessed
$4,238,300
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$2,155,200
Assessed improvement
$2,083,100
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
7
Total area
21,812 SF
Lot
1.83 ac (79,824 SF)
Zoning code
R114
APN
DANV M:055 L:014 P:
UPID
US38-1421354
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.
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
7
Lot
1.83 ac
Current owner
From public records · entity-resolved
April RT
Individual
Free & Clear · 29 yrs held
Mailing address
155 ANDOVER ST, DANVERS, MA 01923-1418
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Miguel Hernandez
—
Deed
related
$150,000 · Td Bank NA
Aug 3, 2011
—
April RT
—
Deed Of Trust
related
$1 · Sovereign Bank
Oct 20, 1997
—
April RT
—
Deed Of Trust
related
$2,680,000 · Bankboston Development Co LLC
Aug 13, 1997
—
April RT
—
Deed Of Trust
related
$3,700,000 · Bankboston Development Co LLC
Dec 20, 1996
$1,810,000
April RT
Mercier RT
Grant Deed
—
Oct 16, 1995
$1,372,094
Mercier RT
Ira Acquistion Corp
Grant Deed
$1,372,094 · Gmac Mortgage Corp Pa
Jul 23, 1990
—
Pk Danvers Executive
—
Deed Of Trust
related
$2,500,000 · Capitol Bank & Trust
Jul 9, 1990
—
Ira Acquistion Corp
—
Deed Of Trust
related
$1,818,634 · Gmac Mortgage Corp Pa
Nov 27, 1989
$2,150,000
Ira Acquistion Corp
J P Realty INC
Grant Deed
$200,000 · Gmac Mortgage Corp Pa
Jun 1, 1989
—
J P Realty INC
—
Deed Of Trust
related
$75,000 · Zuckerman Family Nomi
Feb 10, 1989
—
J P Realty INC
—
Deed Of Trust
related
$1,300,000 · Gmac Mortgage Corp Pa
Nov 18, 1988
—
Park Danvers Executive
—
Deed Of Trust
related
$3,200,000 · Shawmut Bank Of Boston
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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