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Property profile & analytics
OFF-MARKET
Estimated value
$8,505,000
Office buildings
5 Cherry Hl Dr Danvers, MA 01923-2590
Trust Owned
8-yr Hold
Free & Clear
Property ID
US38-0873465
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
34,608 SF
Lot
5.78 ac (251,777 SF)
Zoning code
I2
APN
DANV M:037 L:036 P:
UPID
US38-0873465
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
-
Zachary Sequeira LMT Alternative Medicine Practice Spa & Massage Center
-
Longwood Care Crisis Center Medical Clinic
-
Dialysis Center of Cranston Medical Clinic
-
North Shore Bible Church Danvers Church
-
Ambrose Environmental Management Inc Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.56M
Blend (final)
Blend
$8.51M
Owner & transaction history
Gateway 2 Trust · 8 yrs held
Gateway 2 Trust
since 2018
6 recorded transactions
Zoning & alternative use
I2 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide industrial uses.
Zone name
Industrial 2
General category
INDUSTRIAL
Zone area
249.06 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.51M
Range $7.65M – $9.36M · ±10%
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
$246 / 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
$55,666
Tax year 2024
Assessed value
$2,992,800
Assessed 2024
Previous assessed
$2,992,800
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$1,243,900
Assessed improvement
$1,748,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
11
Bathrooms
8
Total area
34,608 SF
Lot
5.78 ac (251,777 SF)
Zoning code
I2
APN
DANV M:037 L:036 P:
UPID
US38-0873465
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Danvers, MAZoning I2 · permitted uses
I2 · Danvers, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide industrial uses.
Zone name
Industrial 2
General category
INDUSTRIAL
Zone area
249.06 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
11
Bathrooms
8
Lot
5.78 ac
Current owner
From public records · entity-resolved
Gateway 2 Trust
Trust
Free & Clear · 8 yrs held
Mailing address
239 WESTERN AVE, ESSEX, MA 01929-1189
Ownership since
2018
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
Mar 5, 2018
$2,500,000
Gateway 2 Trust
Brookwood Cherry Hl 1 LLC
Quit Claim Deed
—
Mar 12, 2007
$62,300,000
Brookwood Cherry Hill
Cherry Hill Corporate
Deed
$9,999,999 · Wachovia Bank NA
Oct 21, 2005
$48,300,000
Cherry Hl Corp Ctr LLC
1993 Flatley Ft
Grant Deed
$39,500,000 · Bank Of America
Jun 5, 1997
—
1993 Flatley Ft
—
Deed Of Trust
related
$4,500,000 · Pfl Life Ins Co
Mar 14, 1996
$700,000
1993 Flatley Ft
Flatley,thomas J
Grant Deed
related
—
Jun 12, 1995
$190,000
1993 Flatley Ft
Flatley,thomas J
Grant Deed
related
$1,300,000 · Hibernia Savings 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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