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Property profile & analytics
OFF-MARKET
Specialty properties
4 Grv St, Danvers, MA 01923-2412
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US38-0006032
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1960
Construction
FRAME
Total area
2,424 SF
Lot
0.26 ac (11,369 SF)
Zoning code
R2
APN
DANV M:044 L:192 P:
UPID
US38-0006032
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
437 Essex INC · 21 yrs held
437 Essex INC
since 2005
7 recorded transactions
Zoning & alternative use
R2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$668,800
Assessed 2024
Previous assessed
$668,800
+0.0% YoY
Assessed land
$347,900
Assessed improvement
$320,900
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
6
Bathrooms
2
Total area
2,424 SF
Lot
0.26 ac (11,369 SF)
Zoning code
R2
APN
DANV M:044 L:192 P:
UPID
US38-0006032
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Danvers, MA
Zoning R2 · permitted uses
R2 · 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
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
6
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
437 Essex INC
Entity
Mailing address
437 ESSEX ST, BEVERLY, MA 01915-1311
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2006
—
437 Essex INC
—
Deed Of Trust
related
$70,000 · N Shore Hm Consortium
Apr 28, 2005
$385,000
437 Essex INC
Monteiro,christopher
Grant Deed
$288,750 · Gary Needham
Nov 1, 2004
—
Christopher Monteiro
—
Deed Of Trust
related
$81,000 · First Bank INC
Mar 26, 2004
—
Christopher Monteiro
—
Deed Of Trust
related
$35,000 · Robert J Dean SR
Oct 31, 2003
$309,900
Christopher Monteiro
Brown,duane N
Grant Deed
$309,900 · First Banc Mortgage INC
Mar 28, 1997
$168,000
Virginia A Stewart
Drummey,robert J
Grant Deed
—
Apr 18, 1996
—
Robert J Drummey
—
Deed Of Trust
related
$22,000 · Bankboston Development Co LLC
Apr 15, 1994
$140,000
Robert J Drummey
Amberman,john W
Grant Deed
$136,950 · Independence One Mtg
Sep 16, 1987
$158,000
John W Amberman
Mcdonough,adeline M
Grant Deed
$43,000 · Andover 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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