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Property profile & analytics
FOR SALE
Office buildings
185 Centre St Danvers, MA 01923
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-1674360
For Sale
1 / 2
$4,850,000
185 Centre St, Danvers, MA 01923
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
STEEL FRAME
Total area
19,128 SF
Lot
2.26 ac (98,576 SF)
Zoning code
HC
APN
DANV M:040 L:004B P:
UPID
US38-1674360
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
-
Vesey & Weeks Accounting Accounting Firm
-
Techkon USA (Bike/Boat/Book/etc) Store Corporate Office
-
Hancock Associates Land Surveyor Environmental Consultant
-
Neal Advertising Advertising Agency Marketing & Advertising
-
Casey & Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.75M
Comparable Approach
Comparable
$5.59M
Blend (final)
Blend
$7.16M
Owner & transaction history
Donald I|jalbert Wayne C Desmond · 11 yrs held
Donald I|jalbert Wayne C Desmond
since 2014
5 recorded transactions
Zoning & alternative use
HC · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$9,480,000
6.5%
$8,750,000
7%
$8,125,000
Blend value · Realmo final
$7.16M
Range $6.44M – $7.88M · ±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
$374 / 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
$65,671
Tax year 2024
Assessed value
$3,530,700
Assessed 2024
Previous assessed
$3,530,700
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$1,116,700
Assessed improvement
$2,414,000
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 Sale
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
9
Total area
19,128 SF
Lot
2.26 ac (98,576 SF)
Zoning code
HC
APN
DANV M:040 L:004B P:
UPID
US38-1674360
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
HC · Danvers, MA
Zoning HC · permitted uses
HC · 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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
9
Lot
2.26 ac
Current owner
From public records · entity-resolved
Donald I|jalbert Wayne C Desmond
Individual
Mailing address
PO BOX 9TH 9, ANDOVER, MA 01810-0001
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2014
—
Donald I|jalbert Wayne C Desmond
187 Centre Street Realty
Quit Claim Deed
related
—
Nov 19, 2014
$3,105,000
185 Centre Street Nt
Donald I Desmond JR
Quit Claim Arm's Length For Ne States
$2,328,750 · Td Bank NA
Apr 30, 2008
—
Donald I Desmond JR.
—
Deed Of Trust
related
$50,000 · Salem Five Cents Savings Bank
Sep 28, 2007
—
187 Centre Street RT
—
Deed Of Trust
related
$2,200,000 · Salem Five Cents Savings Bank
Apr 23, 2004
—
187 Centre St. RT
—
Deed Of Trust
related
$150,000 · Heritage Cp 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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