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    Property profile & analytics

    7 Brg St Danvers, MA 01923-3807

    • Investment properties
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $1,565,000
    Last Sale
    Apr 22, 2025
    $1,600,000
    Location Intelligence
    Property ID
    US38-1812531
    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

    • Single Source Marketing / Marketing Agency / Advertising Agency

    Property Details for 7 Brg St

    Lot size
    0.31 lot acres
    Zone code
    R2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    DANV M:060 L:051 P:
    APU
    DANVM060L051P

    Description

    This exceptional mixed-use property in Danvers, Massachusetts, presents a compelling investment or owner-occupant opportunity. Located at 7 Bridge Street, this property comprises two buildings situated on a 13,447 square foot lot, conveniently positioned off Route 62 near the Ryal Side split. The main building, a three-story multi-family structure, houses four apartments, each with separate electric and natural gas meters (where applicable). Hot water is included in the rent for all four apartments. The second building, located at 7.5 Bridge Street, offers approximately 3,442 square feet of commercial space, previously utilized as a business for over two decades. This space has a town-approved finding allowing for commercial use within the R2 (Residential) zoning. The property boasts sixteen off-street parking spaces. Its strategic location offers easy access to Route 62, approximately one mile from Route 128 to the west and about a mile from the Cummings Center and a Starbucks to the east. This value-add opportunity provides immediate rental income with potential for further growth and development. The asking price is $2,050,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,465,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,660,000
      6.5%
      $1,600,000
      7%
      $1,630,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,925,000
      Geo Method
      $1,600,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,065,000
      Retail
      $1,550,000
      Mixed-Use
      $1,985,000
      Hospitality
      $1,580,000
      Educational
      $1,875,000
      Residential Income
      $1,740,000
      Energy
      $1,570,000
      Income-Based Land
      $1,970,000
      Food Service
      $1,715,000

    Location Insight

    • Map
    • Local Demand
    City
    Danvers
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9096
    Latitude
    42.5575
    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
    $0.00
    $359,700
    $638,400
    $998,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      72 Holten St

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      24 Newbury St

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      48 Putnam St

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      5 Page St

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    • Value Estimation by Request
      1,792 SF

      200 Conant St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,792 SF
      200 Conant St, Danvers, MA 01923-2528
      View Details

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    7 Brg St
    Danvers, MA 01923-3807
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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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