Technical
Financial
Distress signals
Property profile

3 Federal St Danvers, MA 01923

OFF-MARKET
Banks
Property ID
US38-0895228
5,153 SF 0.64 ac lot Built 1971
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1971
Construction FRAME
Total area 5,153 SF
Lot 0.64 ac (27,791 SF)
Zoning code C3
APN DANV M:062 L:014 P:
UPID US38-0895228

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Bank Loan Service

Location

3 Federal St Danvers, MA 01923-3605
Danvers metro Census 211201 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$675k
Blend (final) Blend
$580k

Owner & transaction history

since 2020
7 recorded transactions
2024
Price N/A
2021
Price N/A
2020
$1.7M
2013
Price N/A
2012
Price N/A
2011
Price N/A
2002
Price N/A

Zoning & alternative use

C3 · Danvers, MA
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 consiste…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $865,000 +38.2%
Industrial (general) $820,000 +30.8%
Apartment house (5+ units) $680,000 +8.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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