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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Showrooms
164 Sylvan St, Danvers, MA 01923-3561
Individually Owned
~
Est. High Equity
Property ID
US38-0505438
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1715
Construction
FRAME
Total area
3,264 SF
Lot
0.11 ac (4,713 SF)
Zoning code
C3
APN
DANV M:062 L:007 P:
UPID
US38-0505438
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
-
Independent Eye Care Medical Clinic
-
Dr. John J. Iannitto, O.D. Physician
-
MyEyeDr. Eye Care Center Contact Lenses Supplier
-
Anthony Seymour, OD Physician
-
Dr. Darina Polsonetti Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$813k
Blend (final)
Blend
$835k
Owner & transaction history
Faissal Daaboul
Faissal Daaboul
since 2026
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
C3 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$780,000
+21.0%
Retail stores
$725,000
+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%
$1,100,000
6.5%
$1,015,000
7%
$945,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$645,000
Current use
AUTO REPAIR, GARAGE
$780,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$725,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $825k (Feb 20 2026)
Last sale anchor
$825k
Feb 20 2026
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
$256 / 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
$14,054
Tax year 2024
Assessed value
$755,600
Assessed 2024
Previous assessed
$755,600
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$368,200
Assessed improvement
$387,400
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1715
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
3
Total area
3,264 SF
Lot
0.11 ac (4,713 SF)
Zoning code
C3
APN
DANV M:062 L:007 P:
UPID
US38-0505438
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Danvers, MA
Zoning C3 · permitted uses
C3 · 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
$645,000
AUTO REPAIR, GARAGE
Est. value
$780,000
RETAIL STORES
Est. value
$725,000
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
1715
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Faissal Daaboul
Individual
Mailing address
164 SYLVAN ST, DANVERS, MA 01923-3561
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2026
$825,000
Faissal Daaboul
Isb RT
Deed
—
Nov 19, 2018
—
Danvers Isb T
—
Deed
related
$2,050,000 · Middlesex Fsla
Oct 1, 2010
—
Isb T Danvers
—
Deed Of Trust
related
$551,250 · First National Bank Ipswch
Feb 4, 2009
—
Isb T Danvers
—
Deed Of Trust
related
$365,000 · John J Iannitto
Jun 27, 2002
$345,000
164 Sylvan St. Nom RT
Elwell,madelyn J
Grant Deed
$245,000 · Fleet National Bank
Aug 15, 1990
$240,000
Madelyn J Elwell
Richard,m Claire
Grant Deed
$150,000 · Danvers Savings Bank
Jun 5, 1987
—
Richard M Clarie
—
Deed Of Trust
related
$120,000 · 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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