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    Property profile & analytics

    56 Maple St Danvers, MA 01923-2843

    • Retail space
    • 8,040 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $1,845,000
    Last Sale
    Jul 20, 2023
    $1,720,000
    Location Intelligence
    Property ID
    US38-0438425
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cigar's R Us / Cigar Shop
    • Smoke-Stock & Chimney Cleaning Seasonal, TAO / Fireplace Store

    Property Details for 56 Maple St

    Year built
    1900
    Construction
    STEEL FRAME
    Lot size
    0.13 lot acres
    Property size
    8,040 SF
    Zone code
    C1
    Property type
    Retail space
    APN
    DANV M:043 L:399 P:
    APU
    DANVM043L399P

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,950,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,825,000
      6.5%
      $1,720,000
      7%
      $1,750,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,600,000
      Geo Method
      $1,765,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,010,000
      Retail
      $1,985,000
      Mixed-Use
      $2,055,000
      Hospitality
      $1,940,000
      Educational
      $1,585,000
      Residential Income
      $1,730,000
      Energy
      $1,865,000
      Income-Based Land
      $1,760,000
      Food Service
      $1,790,000

    Location Insight

    • Map
    • Local Demand
    City
    Danvers
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.937
    Latitude
    42.5667
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,568
    $388,300
    $448,700
    $837,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      32,800 SF

      29 Andover St

      RETAIL STORES (PERSONAL SERVICES) • 32,800 SF
      29 Andover St, Danvers, MA 01923-1492
      View Details
    • Value Estimation by Request
      7,232 SF

      158 Andover St

      RETAIL STORES (PERSONAL SERVICES) • 7,232 SF
      158 Andover St, Danvers, MA 01923-1428
      View Details
    • Value Estimation
      $1,100,000
      3,934 SF

      55 Maple St

      RETAIL STORES (PERSONAL SERVICES) • 3,934 SF
      55 Maple St, Danvers, MA 01923-2841
      View Details
    • Value Estimation
      $465,000
      7,817 SF

      17 Water St

      RETAIL STORES (PERSONAL SERVICES) • 7,817 SF
      17 Water St, Danvers, MA 01923-3725
      View Details
    • Value Estimation
      $440,000
      4,032 SF

      7 Wenham St

      RETAIL STORES (PERSONAL SERVICES) • 4,032 SF
      7 Wenham St, Danvers, MA 01923
      View Details
    • Value Estimation
      $385,000
      4,182 SF

      155 Elliott St

      RETAIL STORES (PERSONAL SERVICES) • 4,182 SF
      155 Elliott St, Danvers, MA 01923
      View Details

    Similar Nearby for Sale

    • $1,525,000

      Mixed-Use Property in Downtown Danvers

      Well-maintained mixed-use property with commercial and residential units.
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    • Contact for pricing
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    • New
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      0.55 Acres

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      Prime commercial lot in Danvers with upgraded drainage and parking.
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      13,400 SF

      Danvers Flex/Industrial Building For Sale

      Flex/industrial building in Danvers, MA, available March 2025.
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      Office property available for purchase in Danvers, Massachusetts.
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    Similar Nearby for Lease

    • Contact for pricing
      6,480 SF

      Retail Space in Danvers Plaza

      Retail space for lease in supermarket-anchored Danvers Plaza.
      301 Newbury St, Danvers, MA 01923
      View Details
    • $4,234 /Mo

      Danvers Retail Space For Rent

      Attractive corner retail suite in a high-traffic location.
      435 Newbury St, Danvers, MA 01923
      View Details
    • Contact for pricing
      23,665 SF

      Prime Retail Space Available

      Retail space for lease in a high-traffic area.
      50 Independence Way, Danvers, MA 01923
      View Details
    • $2,750 /Mo
      1,128 SF

      Downtown Danvers Commercial Space

      Prime commercial space for lease in a mixed-use building.
      44 Maple St, Danvers, MA 01923
      View Details
    • New
      $1.00 SF/Yr
      6,950 SF

      Prime Retail Space on Route 114

      High-visibility retail space in a high-traffic area.
      120 Andover St, Danvers, MA 01923
      View Details
    • $55 SF/Yr
      6,604 SF

      Danvers Retail Opportunity For Lease

      6,604 SF building suitable for retail or restaurant uses.
      200 Endicott St, Danvers, MA 01923
      View Details
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    56 Maple St
    Danvers, MA 01923-2843
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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