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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Investment properties
63 Elm St, Danvers, MA 01923-2836
Individually Owned
37-yr Hold
Property ID
US38-0747808
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1895
Construction
FRAME
Total area
3,528 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C1
APN
DANV M:051 L:252 P:
UPID
US38-0747808
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$890k
Owner & transaction history
Elmtree Rlty Tr · 37 yrs held
Elmtree Rlty Tr
since 1988
6 recorded transactions
Zoning & alternative use
C1 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$845,000
+21.0%
Retail stores
$785,000
+12.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,190,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$700,000
Current use
AUTO REPAIR, GARAGE
$845,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$785,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$252 / 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
Assessed value
$790,200
Assessed 2024
Previous assessed
$790,200
+0.0% YoY
Assessed land
$321,500
Assessed improvement
$468,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1895
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
4
Rooms
8
Bathrooms
4
Total area
3,528 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C1
APN
DANV M:051 L:252 P:
UPID
US38-0747808
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Danvers, MA
Zoning C1 · permitted uses
C1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$845,000
RETAIL STORES
Est. value
$785,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1895
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
4
Rooms
8
Bathrooms
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
Elmtree Rlty Tr
Individual
Mailing address
61 ELM ST #63, DANVERS, MA 01923-2892
Ownership since
1988
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2020
—
Elmtree RT
—
Deed
related
$590,000 · Salem Five Cents Savings Bank
Jul 31, 2008
—
Elmtree RT
—
Deed Of Trust
related
$150,000 · Gary Needham
May 11, 1993
—
Elmtree RT
—
Deed Of Trust
related
$100,000 · Danvers Savings Bank
Sep 9, 1991
—
Elmtree RT
—
Deed Of Trust
related
$233,500 · Danvers Savings Bank
Sep 29, 1988
$315,000
Elmtree Rlty Tr
Warner,robt E
Grant Deed
$252,000 · Warren Five Cts Savings
Feb 26, 1987
$290,000
Robert E Warner
Elm Street RT
Grant Deed
—
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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