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Property profile & analytics
OFF-MARKET
Estimated value
$3,070,000
Turn key restaurants
221 Newbury St Danvers, MA 01923-1001
Individually Owned
3-yr Hold
Free & Clear
Property ID
US38-0604981
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1962
Construction
FRAME
Total area
17,302 SF
Lot
2.69 ac (117,316 SF)
Zoning code
HC
APN
DANV M:024 L:021 P:
UPID
US38-0604981
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
-
Breakaway Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$3.07M
Owner & transaction history
Mag Re Hldg-route 1 Danve · 3 yrs held
Mag Re Hldg-route 1 Danve
since 2023
Last sale
$3.1M
7 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
$3,030,000
ML approach
$3,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.07M
Range $2.76M – $3.38M · ±10% · vs last sale $3.10M (Feb 27 2023)
Last sale anchor
$3.10M
Feb 27 2023
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
$177 / 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
$49,095
Tax year 2024
Assessed value
$2,639,500
Assessed 2024
Previous assessed
$2,639,500
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$1,319,800
Assessed improvement
$1,319,700
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
1962
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
11
Total area
17,302 SF
Lot
2.69 ac (117,316 SF)
Zoning code
HC
APN
DANV M:024 L:021 P:
UPID
US38-0604981
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
1962
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
11
Lot
2.69 ac
Current owner
From public records · entity-resolved
Mag Re Hldg-route 1 Danve
Individual
Free & Clear · 3 yrs held
Mailing address
221 NEWBURY ST, DANVERS, MA 01923-1001
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
Feb 25, 2026
—
Mag Re Hldg- Rte 1 Danvers
—
Deed
related
$2,240,000 · Mutualone Bank
Oct 6, 2023
—
Mag Re Hldg-rte 1 Danvers
—
Deed
related
—
Apr 11, 2023
—
Mag Re Hldg-route 1 Danve
—
Deed
related
$2,400,000 · Qs Lending T
Feb 27, 2023
$3,100,000
Mag Re Hldg-route 1 Danve
225 Newbury Street LLC
Quit Claim Arm's Length For Ne States
—
Aug 18, 2022
—
225 Newbury Street LLC
—
Deed
related
$1,152,000 · Middlesex Fsla
Nov 25, 2015
$1,300,000
225 Newbury Street LLC
1o6 Realty INC
Quit Claim Arm's Length For Ne States
$725,000 · Middlesex Fsla
May 1, 2014
$1,690,000
Newbury St Hotel Realt
106 Realty INC
Quit Claim Arm's Length For Ne States
$1,267,500 · M&t Bank NA
Apr 6, 1988
$2,900,000
One O Six Realty INC
Young,ray H Adm
Grant Deed
$3,700,000 · First Essex Savings Bank
May 26, 1987
$834,500
Raymond H Ad Young
Tremblay,ernest S
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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