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Property profile & analytics
OFF-MARKET
Estimated value
$40,975,000
Residential income homes
50 Endicott St Danvers, MA 01923-4814
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1391099
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
2007
Construction
FRAME
Total area
158,572 SF
Lot
10 ac (435,600 SF)
Zoning code
I2
APN
DANV M:064 L:142A P:
UPID
US38-1391099
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
-
Brightview Danvers - Senior Independent Living, Assisted Living, Memory Care Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$37.10M
Comparable Approach
Comparable
$37.86M
Blend (final)
Blend
$40.98M
Owner & transaction history
Nh Bv Danvers Landlord Ll · 1 yrs held
Nh Bv Danvers Landlord Ll
since 2024
Last sale
$44.5M
5 recorded transactions
Zoning & alternative use
I2 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$54.7M
+8.0%
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%
$40,190,000
6.5%
$37,095,000
7%
$34,445,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$50,700,000
Current use
RESTAURANT
$54,730,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$40.98M
Range $36.88M – $45.07M · ±10% · vs last sale $44.47M (Sep 16 2024)
Last sale anchor
$44.47M
Sep 16 2024
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
$258 / 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
$283,012
Tax year 2024
Assessed value
$25,473,600
Assessed 2024
Previous assessed
$25,473,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$8,800,000
Assessed improvement
$16,673,600
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
160
Rooms
34
Bathrooms
180
Total area
158,572 SF
Lot
10 ac (435,600 SF)
Zoning code
I2
APN
DANV M:064 L:142A P:
UPID
US38-1391099
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Danvers, MA
Zoning I2 · permitted uses
I2 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$50.7M
RESTAURANT
Est. value
$54.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
2007
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
160
Rooms
34
Bathrooms
180
Lot
10 ac
Current owner
From public records · entity-resolved
Nh Bv Danvers Landlord Ll
Individual
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
$44,468,000
Nh Bv Danvers Landlord Ll
Bh Brightview Danvers LLC
Deed
$44,468,000 · Jll Re Capital LLC
Aug 5, 2014
$18,780,622
Bh Brightview Danvers LLC
Shp 3 Danvers LLC
Quit Claim Deed
—
Aug 1, 2011
—
Shp 3 Danvers LLC
—
Deed Of Trust
related
$34,275,000 · Pnc Bank
Jul 23, 2008
$29,379,566
Shp Danvers LLC
Brightview Danvers LLC
Grant Deed
—
Apr 26, 2007
$3,700,000
Brightview Danvers LLC
O Sylvania Products In
Deed
$29,330 · Commerce Bank NA
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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