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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Warehouses
20 Gdn St Danvers, MA 01923-1431
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US38-1854978
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1963
Construction
STEEL FRAME
Total area
10,824 SF
Lot
2.86 ac (124,582 SF)
Zoning code
R114
APN
DANV M:049 L:045 P:
UPID
US38-1854978
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
-
J C Grounds Management Landscaping General Contractor
-
United Home Experts Roofing Company General Contractor
-
J C Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$938k
Blend (final)
Blend
$1.51M
Owner & transaction history
Crandall Realty LLC · 15 yrs held
Crandall Realty LLC
since 2011
7 recorded transactions
Zoning & alternative use
R114 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+58.2%
Commercial (general)
$2.1M
+40.8%
Industrial (general)
$1.8M
+16.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,520,000
Current use
RETAIL STORES
$2,405,000
Change: +58% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,145,000
Change: +41% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,770,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±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
$139 / 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
$30,551
Tax year 2024
Assessed value
$1,642,500
Assessed 2024
Previous assessed
$1,642,500
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$864,400
Assessed improvement
$778,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1963
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
5
Total area
10,824 SF
Lot
2.86 ac (124,582 SF)
Zoning code
R114
APN
DANV M:049 L:045 P:
UPID
US38-1854978
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
RETAIL STORES
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1963
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
5
Lot
2.86 ac
Current owner
From public records · entity-resolved
Crandall Realty LLC
Entity
Mailing address
20 GDN ST, DANVERS, MA 01923-1431
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2020
—
Crandall Realty LLC
—
Deed
related
$835,000 · Salem Five Cents Savings Bank
Jan 12, 2017
—
Crandall Realty LLC
—
Deed
related
$1,029,097 · East Boston Savings Bank
Nov 27, 2012
—
Crandall Realty LLC
—
Deed Of Trust
related
$1,302,000 · East Boston Savings Bank
Oct 28, 2011
—
Walm LLC
—
Deed Of Trust
related
$512,000 · Bay Colony Dev Corp
Mar 31, 2011
$1,145,000
Crandall Realty LLC
Garden Brook Corp
Grant Deed
$622,500 · Danvers Savings Bank
Mar 31, 2011
—
Crandall Realty LLC
—
Deed Of Trust
related
$498,000 · Danvers Savings Bank
Aug 5, 2008
—
Garden Brook Corp
—
Deed Of Trust
related
$744,000 · Beverly National Bank
Mar 23, 2007
—
Garden Brook Corp
—
Deed Of Trust
related
$744,000 · Beverly National Bank
May 23, 1995
—
Garden Brook Corp
—
Deed Of Trust
related
$400,000 · Beverly National Bank
May 23, 1995
$525,000
Garden Brook Corp
Twenty Garden St RT
Grant Deed
related
—
Aug 10, 1989
$800,000
20 Garden St. RT
Lojko,stanley
Grant Deed
—
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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