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Property profile & analytics
OFF-MARKET
Industrial properties
250 Nn St Ste A2, Danvers, MA 01923-1206
Individually Owned
4-yr Hold
Free & Clear
Property ID
US38-0871659
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1988
Construction
STEEL FRAME
Total area
1,420 SF
Zoning code
I1
APN
DANV M:008 L:003 P:A02
UPID
US38-0871659
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
-
Robert Marshall & Sons Inc Construction Company General Contractor
-
Upright Upholstery Inc Furniture & Home Goods
-
D J Plumbing & Heating Inc Plumbing Service General Contractor
-
Gruenewald Manufacturing Co Industrial Manufacturer Production Facility
-
Piping Specialties, Inc. Factory Industrial Manufacturer
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
Sir Mike Ft · 4 yrs held
Sir Mike Ft
since 2021
Last sale
$190,000
6 recorded transactions
Zoning & alternative use
I1 · 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
$2,967
Tax year 2024
Assessed value
$159,500
Assessed 2024
Previous assessed
$159,500
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed improvement
$159,500
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Bathrooms
2
Total area
1,420 SF
Zoning code
I1
APN
DANV M:008 L:003 P:A02
UPID
US38-0871659
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.
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Bathrooms
2
Current owner
From public records · entity-resolved
Sir Mike Ft
Individual
Free & Clear · 4 yrs held
Mailing address
250 NN ST STE A7, DANVERS, MA 01923-1206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2021
$190,000
Sir Mike Ft
Dana G Foye
Quit Claim Arm's Length For Ne States
—
Nov 19, 2010
$1
Dana G Foye
Foye,dana M
Grant Deed
—
Oct 25, 2010
$1
Dana M Foye
Foye,dana G
Grant Deed
—
Dec 29, 1989
$145,000
Dana G Foye
Thomson,gordon
Grant Deed
$116,000 · Danvers Savings Bank
Dec 29, 1989
—
Dana G Foye
—
Deed Of Trust
related
$29,000 · Zwi Kohorn
Jul 10, 1987
$139,500
Gordon M Thomson
Nichols Brk Asso LP
Grant Deed
$111,600 · Danvers Savings 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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