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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Office buildings
51 Elliott St Danvers, MA 01923-3435
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-0876802
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
FRAME
Total area
2,860 SF
Lot
0.29 ac (12,685 SF)
Zoning code
R2
APN
DANV M:044 L:024 P:
UPID
US38-0876802
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
-
Rabican Companies Bank
-
Harmony Homes & Proerties LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.35M
Owner & transaction history
Kathy M Sampson · 9 yrs held
Kathy M Sampson
since 2017
7 recorded transactions
Zoning & alternative use
R2 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide residential uses.
Zone name
Residential 2
General category
RESIDENTIAL
Zone area
1,725.51 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%
$1,415,000
6.5%
$1,310,000
7%
$1,215,000
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$470 / 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
$14,820
Tax year 2024
Assessed value
$796,800
Assessed 2024
Previous assessed
$796,800
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$351,100
Assessed improvement
$445,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
5
Total area
2,860 SF
Lot
0.29 ac (12,685 SF)
Zoning code
R2
APN
DANV M:044 L:024 P:
UPID
US38-0876802
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Danvers, MAZoning R2 · permitted uses
R2 · 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 residential uses.
Zone name
Residential 2
General category
RESIDENTIAL
Zone area
1,725.51 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
5
Lot
0.29 ac
Current owner
From public records · entity-resolved
Kathy M Sampson
Individual
Mailing address
51 ELLIOTT ST, DANVERS, MA 01923-3435
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2017
—
Kathy M Sampson
51 Elliott Street Real Trust
Quit Claim Deed
related
$400,000 · Salem Five Cents Savings Bank
Mar 2, 2011
—
51 Elliott Street RT
—
Deed Of Trust
related
$500,000 · Rabican Companies INC
Jun 28, 2006
—
David W Sampson JR.
—
Deed Of Trust
related
$400,000 · Salem Five Cents Savings Bank
Oct 16, 1998
—
51 Elliott St. RT
—
Deed Of Trust
related
$250,000 · Heritage Cp Bank
Nov 5, 1992
$200,000
51 Elliott St. RT
Thomson,gordon
Grant Deed
$180,000 · Warren Five Cts Savings
Jan 10, 1991
—
Gordon M Thomson
—
Deed Of Trust
related
$137,000 · John E Sears
Nov 30, 1988
—
Gordon M Thomson
—
Deed Of Trust
related
$260,000 · Warren Five Cts Savings
May 22, 1987
—
Gordon M Thomson
—
Deed Of Trust
related
$180,000 · Beverly Svgs Bk
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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