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    Property profile & analytics

    180 Endicott St Danvers, MA 01923

    • Super regional malls
    • 50,168 SF
    • 12.20 lot acres
    For Lease
    View listing
    Value Estimations
    $2,020,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1229352
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Advance Auto Parts / Auto Parts Store
    • McDonald's / Restaurant / Take-out & Catering
    • Revere Tanning Salon / Tanning Salon
    • Anthony Seymour, OD / Physician
    • UPS Access Point location / Courier Service / Postal Service

    Property Details for 180 Endicott St

    Year built
    1979
    Construction
    STEEL FRAME
    Lot size
    12.20 lot acres
    Property size
    50,168 SF
    Zone code
    C3
    Property type
    Super regional malls
    APN
    DANV M:063 L:011 P:
    APU
    DANVM063L011P

    Description

    Endicott Square, located at 180 Endicott Street in Danvers, Massachusetts, presents a unique opportunity for retail businesses seeking space in a vibrant Essex County location. This strip center offers a total of 40,004 square feet of retail space, currently entirely vacant and available for lease. The property is highly divisible, with a minimum leasable space of 3,812 square feet and a maximum contiguous space of 36,192 square feet, providing flexibility for businesses of various sizes. This allows for a single large tenant to occupy the entire space or multiple smaller tenants to occupy individual units. The property's address is 180 Endicott Street, Danvers, MA 01923, offering excellent visibility and accessibility. The property is categorized as a retail strip center, ideal for a variety of retail uses. Given the significant vacant space, this presents a rare opportunity to establish a strong presence in a desirable Danvers location. Interested parties are encouraged to inquire about lease terms and availability. The property's size and layout offer considerable potential for a diverse range of retail concepts. The location within Essex County provides access to a substantial customer base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,529,000
      Market price range: $1.49M - $3.16M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,165,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Danvers
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9402
    Latitude
    42.5471
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $171,914
    $5,408,800
    $3,833,900
    $9,242,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,535,000
      137,316 SF

      240 Independence Way

      REGIONAL SHOPPING CENTER, MALL • 137,316 SF
      240 Independence Way, Danvers, MA 01923-3653
      View Details
    • Value Estimation
      $1,550,000
      35,478 SF

      250 Independence Way

      REGIONAL SHOPPING CENTER, MALL • 35,478 SF
      250 Independence Way, Danvers, MA 01923
      View Details
    • Value Estimation
      $1,440,000
      35,217 SF

      435 Newbury St

      REGIONAL SHOPPING CENTER, MALL • 35,217 SF
      435 Newbury St, Danvers, MA 01923-1041
      View Details
    • Value Estimation
      $1,160,000
      28,772 SF

      75 Newbury St

      REGIONAL SHOPPING CENTER, MALL • 28,772 SF
      75 Newbury St, Danvers, MA 01923-1083
      View Details
    • Value Estimation
      $905,000
      16,444 SF

      136 Andover St

      REGIONAL SHOPPING CENTER, MALL • 16,444 SF
      136 Andover St, Danvers, MA 01923-5313
      View Details
    • Value Estimation
      $1,230,000
      24,186 SF

      151 Endicott St

      REGIONAL SHOPPING CENTER, MALL • 24,186 SF
      151 Endicott St, Danvers, MA 01923-5503
      View Details

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    Similar Nearby for Lease

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      Retail space for lease in supermarket-anchored Danvers Plaza.
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      Endicott Square Retail Center

      Danvers, MA: Prime Retail Space Available
      180 Endicott St, Danvers, MA 01923
      View Details
    • Contact for pricing
      23,665 SF

      Prime Retail Space Available

      Retail space for lease in a high-traffic area.
      50 Independence Way, Danvers, MA 01923
      View Details
    • $1.00 SF/Yr
      6,950 SF

      Prime Retail Space on Route 114

      High-visibility retail space in a high-traffic area.
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      View Details
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      Danvers Retail Opportunity For Lease

      6,604 SF building suitable for retail or restaurant uses.
      200 Endicott St, Danvers, MA 01923
      View Details
    • Contact for pricing

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      View Details
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    Danvers, MA 01923
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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