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    308 Andover St Danvers, MA 01923-1383

    • Day care centers
    • 10,980 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimation
    $4,220,000
    Last Sale
    Nov 30, 2021
    $3,500,000
    Location Intelligence
    Property ID
    US38-0645873
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Primrose School of North Shore - Danvers / Day Care Center / Preschool

    Property Details for 308 Andover St

    Year built
    2009
    Construction
    FRAME
    Lot size
    1.09 lot acres
    Property size
    10,980 SF
    Zone code
    R3
    Property type
    Day care centers
    APN
    DANV M:039 L:070 P:
    APU
    DANVM039L070P

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,435,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,440,000
      6.5%
      $3,560,000
      7%
      $3,795,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,875,000
      Geo Method
      $3,270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,120,000
      Retail
      $3,060,000
      Mixed-Use
      $3,265,000
      Hospitality
      $4,040,000
      Educational
      $3,815,000
      Residential Income
      $3,925,000
      Energy
      $3,735,000
      Income-Based Land
      $3,510,000
      Food Service
      $3,925,000

    Location Insight

    • Map
    • Local Demand
    City
    Danvers
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9848
    Latitude
    42.5669
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $37,006
    $1,390,200
    $1,940,700
    $3,330,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,952 SF

      132 Nn St

      DAY CARE, PRE-SCHOOL • 5,952 SF
      132 Nn St, Danvers, MA 01923-1242
      View Details
    • Value Estimation
      $245,000
      1,560 SF

      81 Water St

      DAY CARE, PRE-SCHOOL • 1,560 SF
      81 Water St, Danvers, MA 01923-3745
      View Details
    • Value Estimation
      $270,000
      3,120 SF

      55 Poplar St

      DAY CARE, PRE-SCHOOL • 3,120 SF
      55 Poplar St, Danvers, MA 01923-2446
      View Details
    • Value Estimation
      $770,000
      3,408 SF

      12 Bradstreet Ave

      DAY CARE, PRE-SCHOOL • 3,408 SF
      12 Bradstreet Ave, Danvers, MA 01923-3931
      View Details
    • Value Estimation by Request
      11.22 Acres

      29 Ingersoll St

      CHARITABLE ORGANIZATION • 11.22 Acres
      29 Ingersoll St, Danvers, MA 01923
      View Details
    • Value Estimation by Request
      3,469 SF

      12 Hanson Rd

      CHARITABLE ORGANIZATION • 3,469 SF
      12 Hanson Rd, Danvers, MA 01923-3421
      View Details

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    • Contact for pricing
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    Similar Nearby for Lease

    • Contact for pricing
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      Retail space for lease in a high-traffic area.
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      View Details
    • Contact for pricing
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      32,671 SF of flex space available for sublease.
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      View Details
    • $18 SF/Yr
      2,261 SF

      Corporate Campus Office Space

      Office space in a corporate campus setting, accessible location.
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      View Details
    • Contact for pricing
      6,480 SF

      Retail Space in Danvers Plaza

      Retail space for lease in supermarket-anchored Danvers Plaza.
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      View Details
    • $5,250 /Mo

      Renovated Commercial Space for Lease

      Renovated commercial space with multiple uses, garage, and parking.
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      View Details
    • $23 SF/Yr
      18,838 SF

      Danvers Boutique Office Space Available

      Up to 22,000 SF available near Interstate 95.
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      View Details
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    308 Andover St
    Danvers, MA 01923-1383
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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