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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Office buildings
32 Prince St Danvers, MA 01923-1447
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1887834
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
FRAME
Total area
1,470 SF
Lot
0.34 ac (14,619 SF)
Zoning code
114B
APN
DANV M:049 L:056 P:
UPID
US38-1887834
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
-
Nangle Engineering Inc Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$579k
Blend (final)
Blend
$640k
Owner & transaction history
Jam Capital LLC · 3 yrs held
Jam Capital LLC
since 2023
Last sale
$640,000
6 recorded transactions
Zoning & alternative use
114B · 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
Method
Estimation
Statistic approach
$625,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$670,000
7%
$625,000
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $640k (Apr 3 2023)
Last sale anchor
$640k
Apr 3 2023
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
$435 / 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
$10,063
Tax year 2024
Assessed value
$541,000
Assessed 2024
Previous assessed
$541,000
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$331,700
Assessed improvement
$209,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Rooms
5
Bathrooms
2
Total area
1,470 SF
Lot
0.34 ac (14,619 SF)
Zoning code
114B
APN
DANV M:049 L:056 P:
UPID
US38-1887834
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.
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Rooms
5
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Jam Capital LLC
Entity
Mailing address
32 PRINCE ST, DANVERS, MA 01923-1447
Ownership since
2023
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
Apr 3, 2023
$640,000
Jam Capital LLC
Enc RT
Quit Claim Arm's Length For Ne States
—
Feb 17, 2004
—
Manzi,christopher P Tr
—
Deed Of Trust
related
$154,200 · Chase Manhattan Mortgage Corp
Jan 5, 2000
$220,000
Joseph G Manzi
Brisbois,richard W
Grant Deed
$154,000 · Warren Five Cts Savings
May 4, 1998
—
Richard W Brisbois
—
Deed Of Trust
related
$100,000 · Fleet National Bank
Jul 2, 1996
—
Richard W Brisbois
—
Deed Of Trust
related
$30,000 · Bay Bank
Feb 12, 1992
—
Richard Brisbois
—
Deed Of Trust
related
$20,000 · Fleet National 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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