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Property profile & analytics
OFF-MARKET
Commercial real estate
156 Andover St Danvers, MA 01923-5312
Entity Owned
8-yr Hold
Free & Clear
Property ID
US38-0166090
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.95 ac (84,942 SF)
Zoning code
R114
APN
DANV M:055 L:009 P:
UPID
US38-0166090
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
-
DANVERS NAILS & SPA Nail Salon
-
ALICIA JEAN BURILLO Physician
-
ANNE SINCLAIR Physician
-
CHERYL L BOUDREAU Physician
-
Clean Eatz Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vernco 156 LLC · 8 yrs held
Vernco 156 LLC
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$76,679
Tax year 2020
Assessed value
$4,328,600
Assessed 2024
Previous assessed
$4,328,600
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$1,809,200
Assessed improvement
$2,519,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
3
Units
10
Lot
1.95 ac (84,942 SF)
Zoning code
R114
APN
DANV M:055 L:009 P:
UPID
US38-0166090
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
Heating
NONE
Cooling
Yes
Buildings
3
Units
10
Lot
1.95 ac
Current owner
From public records · entity-resolved
Vernco 156 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
70 WASHINGTON ST STE #310, SALEM, MA 01970-3520
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2018
$1,762,500
Vernco 156 LLC
Gilbert Hugh J
Quit Claim Deed
—
May 30, 2018
$587,500
Vernco 156 LLC
Lorraine C Gilbert RT
Quit Claim Arm's Length For Ne States
$3,000,000 · East Boston Savings Bank
Dec 16, 2010
$1,100,000
Vernco 156 LLC
156 Andover St LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
$850,000 · East Boston Savings Bank
Mar 12, 2004
—
156 Andover St LLC
—
Deed Of Trust
related
$1,162,500 · East Boston Savings Bank
Sep 19, 2002
—
T 156
—
Deed Of Trust
related
$650,000 · Banknorth NA
Aug 12, 1999
—
T 156
—
Deed Of Trust
related
$10,000 · Citizens Bank Of Ma
Dec 8, 1998
—
156 Trust
—
Deed Of Trust
related
$300,000 · Frank Dooley
Oct 29, 1993
—
One Five Six Trust
—
Deed Of Trust
related
$200,000 · Therese A Hillman
Aug 29, 1988
—
Ciolfi,phillip K Tr
—
Deed Of Trust
related
$1,250,000 · 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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