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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Warehouses
46 Prince St Danvers, MA 01923-1693
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0861141
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
STEEL FRAME
Total area
9,186 SF
Lot
2.13 ac (92,783 SF)
Zoning code
114B
APN
DANV M:049 L:054A P:
UPID
US38-0861141
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
-
J Masterson Construction Corporation Construction Company
-
DeRosa Curb Landscaping General Contractor
-
MasterRents Rental
-
Derosa Contracting Big Box & Wholesale Store Building Supply
-
Masterson Loam Agricultural Supply Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.83M
Owner & transaction history
Jam Realty Management LLC · 4 yrs held
Jam Realty Management LLC
since 2021
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
114B · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.9M
+127.4%
Auto repair, garage
$2.2M
+70.4%
Retail stores
$2.0M
+58.2%
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
$2,220,000
ML approach
$2,145,000
CAP Approach
CAP Return
Estimation
6%
$1,975,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,290,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,935,000
Change: +127% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,200,000
Change: +70% · Conversion: Easy
RETAIL STORES
$2,045,000
Change: +58% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,820,000
Change: +41% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,505,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.75M (Dec 29 2021)
Last sale anchor
$1.75M
Dec 29 2021
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
$199 / 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
$22,631
Tax year 2024
Assessed value
$1,216,700
Assessed 2024
Previous assessed
$1,216,700
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$810,000
Assessed improvement
$406,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
5
Total area
9,186 SF
Lot
2.13 ac (92,783 SF)
Zoning code
114B
APN
DANV M:049 L:054A P:
UPID
US38-0861141
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1950
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
5
Lot
2.13 ac
Current owner
From public records · entity-resolved
Jam Realty Management LLC
Entity
Mailing address
46 PRINCE ST, DANVERS, MA 01923-1693
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
$1,750,000
Jam Realty Management LLC
Josh Realty LLC
Quit Claim Arm's Length For Ne States
$2,000,000 · Josh Realty LLC
Oct 1, 2020
—
Josh Rlty LLC
—
Deed
related
$173,263 · Salem Five Cents Savings Bank
Nov 4, 2005
—
Josh Rlty LLC
—
Deed Of Trust
related
$270,866 · J Masterson Const
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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