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Property profile & analytics
OFF-MARKET
Estimated value
$8,650,000
Motels
65 Newbury St Danvers, MA 01923-1196
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0068781
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Construction
STEEL FRAME
Total area
58,495 SF
Lot
5.93 ac (258,311 SF)
Zoning code
HC
APN
DANV M:048 L:031 P:
UPID
US38-0068781
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
-
Motel 6 Danvers, MA - Boston North Hotel & Motel
-
Laurel Ciavarri, MA Physician
-
Katherine E. Schrader, LMHC Counselor Doctor
-
Michael W. Reed, MA Counselor Doctor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.93M
CAP Approach
CAP
$5.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.65M
Owner & transaction history
Hare Krishna Danvers Hotl · 5 yrs held
Hare Krishna Danvers Hotl
since 2021
Last sale
$8.5M
7 recorded transactions
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
Top alternative use upside
Restaurant
$12.0M
+224.1%
Commercial (general)
$9.8M
+166.4%
Industrial (general)
$9.3M
+152.2%
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
$10,805,000
ML approach
$9,930,000
CAP Approach
CAP Return
Estimation
6%
$5,905,000
6.5%
$5,450,000
7%
$5,060,000
Alternative Use
Use
Estimation
RESTAURANT
$11,955,000
Change: +224% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,825,000
Change: +166% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,300,000
Change: +152% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,705,000
Change: +109% · Conversion: Difficult
RETAIL STORES
$5,710,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$8.65M
Range $7.79M – $9.52M · ±10% · vs last sale $8.53M (May 11 2021)
Last sale anchor
$8.53M
May 11 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
$148 / 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
$121,562
Tax year 2024
Assessed value
$6,535,600
Assessed 2024
Previous assessed
$6,535,600
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$3,703,200
Assessed improvement
$2,832,400
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
108
Rooms
10
Bathrooms
111
Total area
58,495 SF
Lot
5.93 ac (258,311 SF)
Zoning code
HC
APN
DANV M:048 L:031 P:
UPID
US38-0068781
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
HC · Danvers, MAZoning HC · permitted uses
HC · Danvers, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · 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 COMMERCIAL IA (C-IA) COMMERCIAL III (C-III
Zone name
Highway Corridor
General category
UNKNOWN
Zone area
283.80 ac
Source
Danvers Zoning Bylaws 2025
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$12.0M
COMMERCIAL (GENERAL)
Est. value
$9.8M
INDUSTRIAL (GENERAL)
Est. value
$9.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
RETAIL STORES
Est. value
$5.7M
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
108
Rooms
10
Bathrooms
111
Lot
5.93 ac
Current owner
From public records · entity-resolved
Hare Krishna Danvers Hotl
Individual
Mailing address
285 COUNTRY CLB DR, STOCKBRIDGE, GA 30281-7350
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
—
Hare Krishna Danvers Hote
—
Deed
related
$230,400,000 · Argentic Re Inv 2 LLC
Jul 14, 2022
—
Hare Krishna Danvers Hotl
—
Deed
related
$180,800,000 · Starwood Prop Mortgag
May 11, 2021
$8,525,000
Hare Krishna Danvers Hotl
G6 Hospitality Prop LLC
Quit Claim Arm's Length For Ne States
$32,000,000 · Starwood Prop Mtg Sub
Aug 7, 2017
—
G6 Hospitality Propert
—
Deed
related
$999,999,999 · Deutsche Bank
Dec 11, 2012
$5,606,069
G 6 Hospitality Prop L
Motel 6 Operating LP
Quit Claim Arm's Length For Ne States
$999,999,999 · Jpmorgan Chase Bank NA
Jun 5, 2012
$5,330,333
Motel 6 Operating LP
M-6 LP
Grant Deed
—
Jun 5, 2012
$21,406
Motel 6 Operating LP
Acrem LP
Grant Deed
—
Jun 23, 1998
$4,471,936
M 6 LP
Motel 6 Operating LP
Grant Deed
—
Mar 6, 1992
$1,500,000
Motel Six Operating LP
Federal Dep Insur Corp
Grant Deed
—
Mar 30, 1988
$6,090,000
Newbury St Realty Tr
Popes Lane RT
Grant Deed
$350,000 · Zenon Grzybowski
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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