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Property profile & analytics
OFF-MARKET
Estimated value
$2,675,000
Manufacturing properties
3 Southside Rd, Danvers, MA 01923-1695
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-0384165
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Construction
STEEL FRAME
Total area
19,960 SF
Lot
2 ac (87,120 SF)
Zoning code
114B
APN
DANV M:040 L:086 P:
UPID
US38-0384165
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
-
McLean Company - Commercial Painting and Flooring Contractor General Contractor
-
JAGUAR Graphics (Bike/Boat/Book/etc) Store Printing Service
-
Label Haus Inc (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.27M
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$2.68M
Owner & transaction history
Swh Realty LLC · 11 yrs held
Swh Realty LLC
since 2014
5 recorded transactions
Zoning & alternative use
114B · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.4M
+35.8%
Commercial (general)
$4.0M
+20.9%
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%
$3,540,000
6.5%
$3,265,000
7%
$3,035,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,270,000
Current use
RETAIL STORES
$4,440,000
Change: +36% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,950,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,805,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.68M
Range $2.41M – $2.94M · ±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
$134 / 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
$34,845
Tax year 2024
Assessed value
$1,873,400
Assessed 2024
Previous assessed
$1,873,400
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$862,500
Assessed improvement
$1,010,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
6
Total area
19,960 SF
Lot
2 ac (87,120 SF)
Zoning code
114B
APN
DANV M:040 L:086 P:
UPID
US38-0384165
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
114B · Danvers, MA
Zoning 114B · permitted uses
114B · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
RETAIL STORES
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
6
Lot
2 ac
Current owner
From public records · entity-resolved
Swh Realty LLC
Entity
Mailing address
45 MASON ST, SALEM, MA 01970-2269
Ownership since
2014
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
Nov 4, 2014
$1,900,000
Swh Realty LLC
Trinity RT
Quit Claim Arm's Length For Ne States
$1,425,000 · Inst Svgs Newburyport
Apr 30, 1997
—
Trinity RT
—
Deed Of Trust
related
$850,000 · Fleet National Bank
Dec 11, 1987
—
Trinity RT
—
Deed Of Trust
related
$160,000 · Gary Needham
May 20, 1987
—
Trinity RT
—
Deed Of Trust
related
$1,360,000 · Zuckerman Family Nomi
Apr 15, 1987
$400,000
Garden Trust
Danvers Exec Pk Tr
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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