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    Property profile & analytics

    65 Newbury St Danvers, MA 01923-1196

    • Motels
    • 58,495 SF
    • 5.93 lot acres
    OFF-MARKET
    Value Estimation
    $10,410,000
    Last Sale
    May 11, 2021
    $8,525,000
    Location Intelligence
    Property ID
    US38-0068781
    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

    • Motel 6 Danvers, MA - Boston North / Motel / Hotel
    • Laurel Ciavarri, MA / Counselor / Doctor
    • Katherine E. Schrader, LMHC / Counselor / Doctor
    • Michael W. Reed, MA / Counselor / Doctor

    Property Details for 65 Newbury St

    Year built
    1972
    Construction
    STEEL FRAME
    Lot size
    5.93 lot acres
    Property size
    58,495 SF
    Zone code
    HC
    Property type
    Motels
    APN
    DANV M:048 L:031 P:
    APU
    DANVM048L031P

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $10,805,000

    • CAP approach

      CAP return
      Estimation
      6%
      $8,490,000
      6.5%
      $8,360,000
      7%
      $8,420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $9,275,000
      Geo Method
      $9,150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,885,000
      Retail
      $9,895,000
      Mixed-Use
      $10,105,000
      Hospitality
      $9,445,000
      Educational
      $9,010,000
      Residential Income
      $10,470,000
      Energy
      $9,555,000
      Income-Based Land
      $7,730,000
      Food Service
      $8,770,000

    Location Insight

    • Map
    • Local Demand
    City
    Danvers
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.975
    Latitude
    42.5619
    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
    $121,562
    $3,703,200
    $2,832,400
    $6,535,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      322,183 SF

      50 Vlg Dr

      HOTEL • 322,183 SF
      50 Vlg Dr, Danvers, MA 01923
      View Details
    • Value Estimation by Request
      75,200 SF

      50 Dayton St

      HOTEL • 75,200 SF
      50 Dayton St, Danvers, MA 01923-1018
      View Details
    • Value Estimation by Request
      45,432 SF

      102 Newbury St

      HOTEL • 45,432 SF
      102 Newbury St, Danvers, MA 01923-1035
      View Details
    • Value Estimation by Request
      54,082 SF

      275 Independence Way

      HOTEL • 54,082 SF
      275 Independence Way, Danvers, MA 01923-3652
      View Details
    • Value Estimation by Request
      4.84 Acres

      2 Brooksby Vlg Way

      VACANT COMMERCIAL LAND • 4.84 Acres
      2 Brooksby Vlg Way, Danvers, MA 01923
      View Details
    • Value Estimation by Request
      5.05 Acres

      12 Cherry Hl Dr

      INDUSTRIAL (GENERAL) • 5.05 Acres
      12 Cherry Hl Dr, Danvers, MA 01923
      View Details

    Similar Nearby for Sale

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      Danvers Office Property For Sale

      Office property available for purchase in Danvers, Massachusetts.
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      Cleared Commercial Lot on Route 1

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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
    • Contact for pricing
      40,004 SF

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      Danvers, MA: Prime Retail Space Available
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      View Details
    • $9 SF/Yr
      5,425 SF

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      Second floor office space with private offices, conference rooms.
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      View Details
    • $55 SF/Yr
      6,604 SF

      Danvers Retail Opportunity For Lease

      6,604 SF building suitable for retail or restaurant uses.
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      View Details
    • $3,200 /Mo

      Medical Office Space Available

      Commercial building with ample parking, currently used as medical office.
      175 Andover St, Danvers, MA 01923
      View Details
    • $3,200 /Mo

      Danvers Office Space for Rent

      Well-maintained office space with open concept and private bathrooms.
      491 Maple St, Danvers, MA 01923
      View Details
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    65 Newbury St
    Danvers, MA 01923-1196
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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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