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Property profile & analytics
OFF-MARKET
Turn key restaurants
2 High St Danvers, MA 01923-3008
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0646611
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
STEEL FRAME
Total area
5,038 SF
Lot
0.17 ac (7,275 SF)
Zoning code
C1
APN
DANV M:043 L:259 P:
UPID
US38-0646611
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
-
The Berry Tavern 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
2-12 High St RT · 2 yrs held
2-12 High St RT
since 2023
Last sale
$339,900
7 recorded transactions
Zoning & alternative use
C1 · 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 2024Property tax & assessments
Tax year 2024
Tax billed
$17,789
Tax year 2024
Assessed value
$956,400
Assessed 2024
Previous assessed
$956,400
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$417,700
Assessed improvement
$538,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
6
Total area
5,038 SF
Lot
0.17 ac (7,275 SF)
Zoning code
C1
APN
DANV M:043 L:259 P:
UPID
US38-0646611
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Danvers, MA
Zoning C1 · permitted uses
C1 · 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
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
2-12 High St RT
Individual
Mailing address
4 CAROLE WAY, DANVERS, MA 01923-4515
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Dec 22, 2023
—
2-12 High St RT
Joseph T Bono
Quit Claim Deed
related
—
Nov 2, 2017
—
Joseph T Bono
—
Deed
related
$862,500 · Everett Co-op Bk
Sep 21, 2010
—
High Street Realty Ptrshp
—
Deed Of Trust
related
$600,000 · Beverly Cooperative Bank
Jul 6, 2007
—
Brenda M Barry
—
Deed Of Trust
related
$600,000 · Beverly Cooperative Bank
Aug 14, 2003
$339,900
Walter Helgeland
Dow,george E JR
Grant Deed
—
Aug 10, 2000
$600,000
Patrick G Barry
2-12 RT Danvers
Grant Deed
$600,000 · Danvers Savings Bank
Oct 29, 1996
$169,900
Douglas S Walters
Hasak,peter A
Grant Deed
$161,400 · Cambridgeport Savings Bank
May 30, 1995
$156,900
Peter A Hasak
Billings,john W
Grant Deed
$148,400 · Community Cu
—
—
Joseph T Bono
—
Deed Of Trust
related
$862,500 · Everett Co-op Bk
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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