New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Industrial properties
6 Gdn St, Danvers, MA 01923-1431
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0996259
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Construction
STEEL FRAME
Total area
9,232 SF
Lot
0.81 ac (35,249 SF)
Zoning code
R114
APN
DANV M:049 L:047 P:
UPID
US38-0996259
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
-
KyndL Corporation Tech Support Center IT Consulting Firm
-
North Shore Nutrition Physician
-
Ursula Whitney, RD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.27M
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.11M
Owner & transaction history
Gems Realty LLC · 4 yrs held
Gems Realty LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
R114 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+110.8%
Apartment house (5+ units)
$3.0M
+95.3%
Auto repair, garage
$2.2M
+46.3%
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
$2,295,000
ML approach
$2,270,000
CAP Approach
CAP Return
Estimation
6%
$1,635,000
6.5%
$1,510,000
7%
$1,405,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,510,000
Current use
RESTAURANT
$3,185,000
Change: +111% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,950,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,210,000
Change: +46% · Conversion: Easy
RETAIL STORES
$2,055,000
Change: +36% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,830,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,300,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10% · vs last sale $1.81M (Aug 26 2021)
Last sale anchor
$1.81M
Aug 26 2021
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
$228 / 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
$33,606
Tax year 2024
Assessed value
$1,806,800
Assessed 2024
Previous assessed
$1,806,800
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$603,900
Assessed improvement
$1,202,900
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
4
Total area
9,232 SF
Lot
0.81 ac (35,249 SF)
Zoning code
R114
APN
DANV M:049 L:047 P:
UPID
US38-0996259
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R114 · Danvers, MA
Zoning R114 · permitted uses
R114 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
RESTAURANT
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1974
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
4
Lot
0.81 ac
Current owner
From public records · entity-resolved
Gems Realty LLC
Entity
Mailing address
152 HOLTEN ST, DANVERS, MA 01923-2617
Ownership since
2021
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
Mar 7, 2022
—
Gems Realty LLC
—
Deed
related
$350,000 · Hanscom FCU
Aug 26, 2021
$1,810,000
Gems Realty LLC
Garden St Partners LLC
Quit Claim Arm's Length For Ne States
$1,440,000 · Hanscom FCU
Apr 17, 2020
—
Garden Street Partners
—
Deed
related
$1,300,000 · Provident Bank
Aug 13, 2009
—
Garden St Partners LLC
—
Deed Of Trust
related
$1,120,000 · Danvers Savings Bank
Apr 2, 2007
$1,450,000
Garden Street Prtnrs LLC
Banker LLC
Grant Deed
$960,000 · Danvers Savings Bank
Apr 2, 2007
—
Garden Street Prtnrs LLC
—
Deed Of Trust
related
$300,000 · Banker LLC
Aug 1, 2003
$775,000
Banker LLC
6 Garden St Danvers RT
Grant Deed
$612,000 · Salem Five Cents Savings 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6 Gdn St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
