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Property profile & analytics
OFF-MARKET
Estimated value
$6,160,000
Investment properties
20 Locust St, Danvers, MA 01923-2272
Individually Owned
4-yr Hold
Absentee Owner
Property ID
US38-1274284
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1850
Construction
FRAME
Total area
40,755 SF
Lot
0.67 ac (29,216 SF)
Zoning code
I1
APN
DANV M:043 L:147 P:
UPID
US38-1274284
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
-
Betty Ann's Sandwich Shop Take-out & Catering
-
Shamrock Motors INC Car Dealership
-
Corner Grocery Store Grocery & Convenience Store Food Market
-
I S Revolution (Bike/Boat/Book/etc) Store Corporate Office
-
Sol Nutrition Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.15M
Blend (final)
Blend
$6.16M
Owner & transaction history
Rc RT · 4 yrs held
Rc RT
since 2022
5 recorded transactions
Zoning & alternative use
I1 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.8M
+21.0%
Retail stores
$9.1M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,070,000
Current use
AUTO REPAIR, GARAGE
$9,760,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$9,065,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,675,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$6.16M
Range $5.54M – $6.78M · ±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
$151 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$17,986
Tax year 2019
Assessed value
$5,719,100
Assessed 2024
Previous assessed
$5,719,100
+0.0% YoY
Effective rate
0.31%
On assessed value
Assessed land
$770,900
Assessed improvement
$4,948,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1850
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
3
Units
24
Rooms
76
Bathrooms
29
Total area
40,755 SF
Lot
0.67 ac (29,216 SF)
Zoning code
I1
APN
DANV M:043 L:147 P:
UPID
US38-1274284
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Danvers, MA
Zoning I1 · permitted uses
I1 · 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
$8.1M
AUTO REPAIR, GARAGE
Est. value
$9.8M
RETAIL STORES
Est. value
$9.1M
INDUSTRIAL (GENERAL)
Est. value
$6.7M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1850
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
1
Units
24
Rooms
76
Bathrooms
29
Lot
0.67 ac
Current owner
From public records · entity-resolved
Rc RT
Individual
Mailing address
7 NICOLE AVE, BEVERLY, MA 01915-1456
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Mar 9, 2022
—
Rc RT
—
Deed
related
$300,000 · Hanscom FCU
Feb 10, 2021
—
R C RT
—
Deed
related
$6,200,000 · Hanscom FCU
Nov 20, 2019
—
Rc RT
—
Deed
related
$6,066,478 · North Shore Bank
Sep 28, 1993
—
Thomas Carnevale
—
Deed Of Trust
related
$163,000 · Heritage Cp Bank
Oct 18, 1989
—
Taipan RT
—
Deed Of Trust
related
$650,000 · Bank Of New England
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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