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Property profile & analytics
OFF-MARKET Estimated value $27,675,000
Office buildings

55 Ferncroft Rd Danvers, MA 01923-4068

88,724 SF 4.88 ac lot Built 1988
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US38-0898988
Property summary
AI-generated overview

55 Ferncroft Road in Danvers, Massachusetts offers exceptional Class A office space in a five-story building totaling 85,924 square feet. Built in 1988 and renovated in 2016, this property provides a modern and efficient work environment. Multiple tenancy options are available, with a minimum divisible space of 3,005 square feet and a maximum contiguous space of 20,827 square feet. Currently, 37,166 square feet of space is vacant and ready for immediate occupancy. The building boasts ample parking, with a ratio of 3.92 spaces per 1,000 square feet. Its convenient location just off Route 1, adjacent to the Doubletree Hilton Hotel, and within walking distance of various restaurants, retail establishments, and fitness centers, makes it highly attractive to employees. The property's strategic location, approximately 20 miles equidistant from both downtown Boston and the New Hampshire border, offers easy access to a large and diverse talent pool via I-95 (Exit 50). This Essex County property presents a unique opportunity for businesses seeking a prestigious and easily accessible location in a thriving area. The property's modern amenities and convenient location combine to create an ideal workspace for a variety of businesses.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Construction STEEL FRAME
Total area 88,724 SF
Lot 4.88 ac (212,573 SF)
Zoning code HC
APN DANV M:007 L:006 P:
UPID US38-0898988
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
  • 55 Ferncroft Road, Danvers MA Business Service Center Corporate Office
  • Norwin Technologies Company
  • Life Solutions Group Financial Advisor
  • Eco Friendly Junk Removal Waste Management Facility Hazardous Waste Disposal
  • Conventus Media Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$28.01M
Blend (final) Blend
$27.68M
Owner & transaction history
55 Ferncroft Road LLC · 10 yrs held
55 Ferncroft Road LLC
since 2016
4 recorded transactions
2022
Price N/A
2016
$5.3M
2015
Price N/A
2008
$12.3M
Zoning & alternative use
HC · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

-IA District TABLE 3 - TABLE OF DIMENSIONAL REQUIREMENTS - COMMERCIAL & INDUSTRIAL - (* see section 7.3 for Supplemental Provisions) approved by Town Meeting on Janaury 29, 2007 PARKING SETBACKS from HIGHWAY CORRIDOR (HC) 100 = Res. Use 50 = R-IA District 25 = all other 100 = Res. Use 50 = R-IA District 25 = all other NA 50= res. Property 20 = R-IA District…

Zone name Highway Corridor
General category UNKNOWN
Zone area 283.80 ac
Source Danvers Zoning Bylaws 2025
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