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Property profile & analytics
OFF-MARKET
Estimated value
$3,470,000
Investment properties
5 Dane St Beverly, MA 01915-4795
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-0527804
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2020
Construction
CONCRETE
Total area
7,762 SF
Lot
0.15 ac (6,686 SF)
Zoning code
CC
APN
BEVE M:0011 B:0368 L:
UPID
US38-0527804
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
$3.31M
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
$4.65M
Blend (final)
Blend
$3.47M
Owner & transaction history
Aiij LLC · 3 yrs held
Aiij LLC
since 2022
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
CC · Beverly, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+14.7%
Apartment house (5+ units)
$2.5M
+6.2%
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 Beverly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beverly 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
$3,185,000
ML approach
$3,305,000
CAP Approach
CAP Return
Estimation
6%
$2,620,000
6.5%
$2,420,000
7%
$2,245,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,335,000
Current use
RESTAURANT
$2,680,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,480,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$3.47M
Range $3.12M – $3.82M · ±10% · vs last sale $3.70M (Oct 6 2022)
Last sale anchor
$3.70M
Oct 6 2022
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
$447 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$7,488
Tax year 2020
Assessed value
$3,340,800
Assessed 2024
Previous assessed
$3,340,800
+0.0% YoY
Effective rate
0.22%
On assessed value
Assessed land
$1,045,000
Assessed improvement
$2,295,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
11
Rooms
30
Bathrooms
2
Total area
7,762 SF
Lot
0.15 ac (6,686 SF)
Zoning code
CC
APN
BEVE M:0011 B:0368 L:
UPID
US38-0527804
Jurisdiction
BEVERLY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CC · Beverly, MA
Zoning CC · permitted uses
CC · Beverly, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beverly. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
RESTAURANT
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2020
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
11
Rooms
30
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Aiij LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 634, MARBLEHEAD, MA 01945-0634
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
$3,700,000
Aiij LLC
5 West Dane Apt LLC
Quit Claim Arm's Length For Ne States
—
Dec 3, 2020
—
5 West Dane Apartments
—
Deed
related
$1,800,000 · Haverhill Bank
Feb 6, 2020
$650,000
5 W Dane Apartments LLC
West Dane LLC
Quit Claim Arm's Length For Ne States
$750,000 · First Ipswich Bank
Jan 17, 2019
$435,000
West Dane LLC
Grondin,thomas B
Quit Claim Deed
related
—
Jun 10, 1998
$129,100
Thomas B Grondin
Nichols,gregory
Grant Deed
$94,100 · Zenon Grzybowski
Feb 2, 1998
—
Gregory Nichols
—
Deed Of Trust
related
$45,000 · Cj RT
Jan 31, 1997
—
Gregory Nichols
—
Deed Of Trust
related
$35,000 · Cj RT Etal
Nov 9, 1995
—
Gregory Nichols
—
Deed Of Trust
related
$7,400 · Business Trust
Jul 22, 1994
—
Gregory Nichols
—
Deed Of Trust
related
$4,100 · Cj RT
Feb 1, 1994
—
Gregory Nichols
—
Deed Of Trust
related
$15,000 · Carpenter Trust
Jan 29, 1993
—
Gregory Nichols
—
Deed Of Trust
related
$4,600 · C J RT
Sep 6, 1991
—
Gregory Nichols
—
Deed Of Trust
related
$7,000 · Eton RT
Sep 16, 1988
—
Gregory Nichols
—
Deed Of Trust
related
$26,000 · Danvers 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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