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Property profile & analytics
FOR LEASE
Super regional malls
67 High St 1 Danvers, MA 01923
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0384161
For Lease
1 / 14
$22 SF/Yr
67 High St,Unit 1, Danvers, MA 01923
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1959
Construction
STEEL FRAME
Total area
14,231 SF
Lot
0.92 ac (40,001 SF)
Zoning code
I1
APN
DANV M:051 L:305 P:
UPID
US38-0384161
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
-
Swag Discount Store (Bike/Boat/Book/etc) Store
-
Aldo Paving & Construction General Contractor Construction Company
-
Johnnie's Beef and Pizza Restaurant
-
Danvers Village Shopping Center & Mall
-
J A R TREE SERVICE INC Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.92M
CAP Approach
CAP
$4.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.93M
Owner & transaction history
Berube Realty LLC · 5 yrs held
Berube Realty LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
I1 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+517.2%
Restaurant
$2.9M
+373.2%
Commercial (general)
$2.4M
+289.0%
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
$2,980,000
ML approach
$2,915,000
CAP Approach
CAP Return
Estimation
6%
$4,385,000
6.5%
$4,045,000
7%
$3,760,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,795,000
Change: +517% · Conversion: Moderate
RESTAURANT
$2,910,000
Change: +373% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,390,000
Change: +289% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,265,000
Change: +268% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,875,000
Change: +205% · Conversion: Difficult
Blend value · Realmo final
$2.93M
Range $2.64M – $3.22M · ±10% · vs last sale $2.35M (Feb 1 2021)
Last sale anchor
$2.35M
Feb 1 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
$206 / 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
$38,900
Tax year 2024
Assessed value
$2,091,400
Assessed 2024
Previous assessed
$2,091,400
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$944,600
Assessed improvement
$1,146,800
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1959
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
10
Bathrooms
20
Total area
14,231 SF
Lot
0.92 ac (40,001 SF)
Zoning code
I1
APN
DANV M:051 L:305 P:
UPID
US38-0384161
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Danvers, MA
Zoning I1 · permitted uses
I1 · 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
OFFICE BUILDING
Est. value
$3.8M
RESTAURANT
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1959
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
10
Bathrooms
20
Lot
0.92 ac
Current owner
From public records · entity-resolved
Berube Realty LLC
Entity
Mailing address
67 HIGH ST STE 8D, DANVERS, MA 01923-3100
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
Feb 1, 2021
$2,350,000
Berube Realty LLC
Marrich Danvers RT
Quit Claim Arm's Length For Ne States
$1,700,000 · North Shore Bank
Oct 31, 2012
—
Danvers RT
—
Deed Of Trust
related
$1,085,000 · Gary Needham
May 31, 2007
—
Marrich Danvers RT
—
Deed Of Trust
related
$975,000 · Gary Needham
Mar 30, 2004
—
Marrich Danvers RT
—
Deed Of Trust
related
$850,000 · Gary Needham
Nov 28, 2001
—
Marrich Danvers RT
—
Deed Of Trust
related
$150,000 · Gary Needham
Oct 20, 2000
—
Marrich Danvers RT
—
Deed Of Trust
related
$627,000 · Gary Needham
Jun 29, 1993
—
Danvers R T Marrich
—
Deed Of Trust
related
$675,000 · Gary Needham
Aug 15, 1991
—
Marrich Danvers RT
—
Deed Of Trust
related
$530,000 · Gary Needham
Jun 15, 1988
—
Marrich Danvers RT
—
Deed Of Trust
related
$475,000 · Shawmut Arlington Tr
Feb 2, 1987
—
Marrich Danvers RT
—
Deed Of Trust
related
$300,000 · Shawmut Arlington Tr
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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