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Property profile & analytics
FOR LEASE
Super regional malls
435 Newbury St 112 Danvers, MA 01923
Entity Owned
6-yr Hold
Free & Clear
Property ID
US38-0150994
For Lease
1 / 5
$4,234/Mo
435 Newbury St,Unit 112, Danvers, MA 01923
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1986
Construction
STEEL FRAME
Total area
35,217 SF
Lot
4.15 ac (180,774 SF)
Zoning code
I1
APN
DANV M:008 L:049B P:
UPID
US38-0150994
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
-
Ponte Vecchio Restaurant Restaurant
-
Iron Chef Restaurant
-
Angel Nails & Spa Nail Salon
-
Julie Williams Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
China Pearl Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.44M
Owner & transaction history
Pmg Ne LLC · 6 yrs held
Pmg Ne LLC
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
I1 · 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
$1,620,000
ML approach
$1,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,520,000
Current use
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10% · vs last sale $1.26M (Jan 2 2020)
Last sale anchor
$1.26M
Jan 2 2020
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
$41 / 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
$83,521
Tax year 2024
Assessed value
$4,490,400
Assessed 2024
Previous assessed
$4,490,400
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$1,867,900
Assessed improvement
$2,622,500
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
18
Bathrooms
18
Total area
35,217 SF
Lot
4.15 ac (180,774 SF)
Zoning code
I1
APN
DANV M:008 L:049B P:
UPID
US38-0150994
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Danvers, MA
Zoning I1 · permitted uses
I1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
18
Bathrooms
18
Lot
4.15 ac
Current owner
From public records · entity-resolved
Pmg Ne LLC
Entity
Free & Clear · 6 yrs held
Mailing address
435 NEWBURY ST STE #213, DANVERS, MA 01923-1065
Ownership since
2020
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
Jan 2, 2020
$1,258,000
Pmg Ne LLC
Blue Hills Fuels LLC
Quit Claim Deed
—
Dec 31, 2015
$1,011,381
Blue Hills Fuels LLC
Cumberland Farms INC
Quit Claim Deed
—
Aug 9, 2010
—
Hawthorne North RT
—
Deed Of Trust
related
$2,880,000 · East Boston Savings Bank
Aug 25, 2008
—
Hawthorne North RT
—
Deed Of Trust
related
$2,600,000 · East Boston Savings Bank
Apr 11, 2006
$1
Great Wave RT
Conley,michael S
Grant Deed
related
—
Feb 10, 2004
—
Hawthorne North RT
—
Deed Of Trust
related
$2,300,000 · American Investor LLC
Mar 20, 2000
$1,307,000
Bk Ny Trust Florida NA
Exxon Mobil Corp
Grant Deed
related
—
Jun 30, 1999
—
Hawthorne North RT
—
Deed Of Trust
related
$2,200,000 · East Boston Savings Bank
Sep 28, 1987
—
Hawthorne North RT
—
Deed Of Trust
related
$1,100,000 · Neworld Bank Svgs
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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