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Property profile & analytics
OFF-MARKET
Estimated value
$4,080,000
Showrooms
5 Federal St Danvers, MA 01923-5504
Entity Owned
Free & Clear
Property ID
US38-1275396
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1985
Construction
STEEL FRAME
Total area
31,250 SF
Lot
1.63 ac (71,003 SF)
Zoning code
C3
APN
DANV M:062 L:014D P:
UPID
US38-1275396
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
-
Mauri R. Cohen, MD Physician
-
Beth Israel Lahey Health Primary Care - Federal Street Medical Clinic
-
Nadia Ounis-Skali Physician
-
Dr. Brent Fryling Pediatrician Physician
-
Eva Siepka Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.77M
Blend (final)
Blend
$4.08M
Owner & transaction history
Carlis Clubhouse LLC
Carlis Clubhouse LLC
since 2026
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
C3 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,190,000
Current use
INDUSTRIAL (GENERAL)
$5,115,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$4.08M
Range $3.67M – $4.49M · ±10% · vs last sale $3.75M (Feb 2 2026)
Last sale anchor
$3.75M
Feb 2 2026
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
$131 / 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
$82,508
Tax year 2024
Assessed value
$4,435,900
Assessed 2024
Previous assessed
$4,435,900
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$1,597,600
Assessed improvement
$2,838,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
6
Total area
31,250 SF
Lot
1.63 ac (71,003 SF)
Zoning code
C3
APN
DANV M:062 L:014D P:
UPID
US38-1275396
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Danvers, MA
Zoning C3 · permitted uses
C3 · 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
COMMERCIAL (GENERAL) Current
Est. value
$6.2M
INDUSTRIAL (GENERAL)
Est. value
$5.1M
COMMERCIAL (GENERAL) Current
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
6
Lot
1.63 ac
Current owner
From public records · entity-resolved
Carlis Clubhouse LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 215, DANVERS, MA 01923-0315
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
$3,750,000
Carlis Clubhouse LLC
Lee RT
Deed
—
Jun 15, 2023
—
Lee RT
—
Deed
related
$936,497 · North Shore Bank
Jan 13, 2010
—
Lee,william E Tr
—
Deed Of Trust
related
$2,250,000 · Danvers Savings Bank
Dec 10, 1998
—
Lee RT
—
Deed Of Trust
related
$1,640,000 · Beverly National Bank
Aug 16, 1993
—
R T Lee
—
Deed Of Trust
related
$1,200,000 · Beverly National Bank
Jul 9, 1993
—
R T Lee
—
Deed Of Trust
related
$1,345,086 · Warren Five Cts Savings
Dec 20, 1991
—
Lee RT
—
Deed Of Trust
related
$950,000 · Beverly National 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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