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Property profile & analytics
OFF-MARKET
Estimated value
$3,190,000
Hotels
275 Independence Way Danvers, MA 01923-3652
Entity Owned
~
Est. High Equity
Property ID
US38-1280168
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1987
Construction
STEEL FRAME
Total area
54,082 SF
Lot
3.75 ac (163,350 SF)
Zoning code
C3
APN
DANV M:058 L:034 P:
UPID
US38-1280168
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
-
Sonesta Select Boston Danvers Hotel & Motel
-
275 Independence Way Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$3.19M
Owner & transaction history
Siya Ram Hospitality LLC
Siya Ram Hospitality LLC
since 2025
3 recorded transactions
Zoning & alternative use
C3 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this section of the Danvers Zoning By-Laws is to define a specific zoning district in the Endicott Street area and to regulate the future growth and development within the district based upon, and consistent with, the predominant development and land uses existing within the district in 1998, as well as redevelopment options.
Zone name
Commercial 3
General category
COMMERCIAL
Zone area
225.83 ac
Source
Realmo
Top alternative use upside
Retail stores
$5.3M
+54.8%
Auto repair, garage
$4.7M
+37.3%
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
HOTEL/MOTEL
$3,410,000
Current use
RETAIL STORES
$5,275,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,680,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$3.19M
Range $2.87M – $3.51M · ±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
$59 / 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
$149,726
Tax year 2024
Assessed value
$8,049,800
Assessed 2024
Previous assessed
$8,049,800
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$4,410,500
Assessed improvement
$3,639,300
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
120
Rooms
12
Bathrooms
123
Total area
54,082 SF
Lot
3.75 ac (163,350 SF)
Zoning code
C3
APN
DANV M:058 L:034 P:
UPID
US38-1280168
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Danvers, MAZoning C3 · permitted uses
C3 · Danvers, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this section of the Danvers Zoning By-Laws is to define a specific zoning district in the Endicott Street area and to regulate the future growth and development within the district based upon, and consistent with, the predominant development and land uses existing within the district in 1998, as well as redevelopment options.
Zone name
Commercial 3
General category
COMMERCIAL
Zone area
225.83 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.4M
RETAIL STORES
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.7M
HOTEL/MOTEL Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
120
Rooms
12
Bathrooms
123
Lot
3.75 ac
Current owner
From public records · entity-resolved
Siya Ram Hospitality LLC
Entity
Mailing address
PO BOX 460389, HOUSTON, TX 77056-8389
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
$15,000,000
Siya Ram Hospitality LLC
Service Properties T
Deed
$10,500,000 · Fall River Five Cents Savings Bank
Mar 27, 1995
$6,998,643
Hospitality Properties
Hmh Courtyard Prop
Grant Deed
—
Mar 30, 1990
$6,999,000
Marriott Corp
Appleton Danvers Assoc
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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