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Property profile & analytics
FOR SALE
Showrooms
7 Healy Ct, Danvers, MA 01923
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1126691
For Sale
1 / 2
$2,455,000
7 Healy Ct, Danvers, MA 01923
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Property summary
AI-generated overview
This exceptional commercial property at 7 Healy Ct, Danvers, MA, presents a unique investment opportunity. The 13,400+/- square foot building sits on a 0.96-acre lot and offers versatile flex/commercial/industrial space. Currently occupied by a long-term tenant, Breen & Sullivan Mechanical Services, whose lease expires in March 2025, the property provides immediate income potential until then. The existing layout includes approximately 6,200 square feet of warehouse/production space equipped with four grade-level overhead doors. There's significant potential for expansion
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1983
Construction
STEEL FRAME
Total area
13,400 SF
Lot
0.96 ac (41,883 SF)
Zoning code
I1
APN
DANV M:051 L:374A P:
UPID
US38-1126691
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
-
Breen & Sullivan Mechanical Services, Inc Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$2.46M
Owner & transaction history
Healy Court LLC · 1 yrs held
Healy Court LLC
since 2025
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
I1 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+21.0%
Retail stores
$3.0M
+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
$2,385,000
ML approach
$2,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,655,000
Current use
AUTO REPAIR, GARAGE
$3,210,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$2,980,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,195,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$2.46M
Range $2.21M – $2.70M · ±10% · vs last sale $2.60M (Mar 18 2025)
Last sale anchor
$2.60M
Mar 18 2025
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
$183 / 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
$23,118
Tax year 2024
Assessed value
$1,242,900
Assessed 2024
Previous assessed
$1,242,900
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$678,200
Assessed improvement
$564,700
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
5
Total area
13,400 SF
Lot
0.96 ac (41,883 SF)
Zoning code
I1
APN
DANV M:051 L:374A P:
UPID
US38-1126691
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
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
5
Lot
0.96 ac
Current owner
From public records · entity-resolved
Healy Court LLC
Entity
Mailing address
7 HEALY CT, DANVERS, MA 01923-3109
Ownership since
2025
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
Mar 18, 2025
$2,600,000
Healy Court LLC
7 Healy Court RT
Deed
$1,300,000 · Salem Five Cents Savings Bank
Mar 18, 2025
—
Healy Court LLC
—
Deed
related
$1,066,000 · Bay Colony Development Corp
May 7, 2012
—
Healy Court RT
—
Deed Of Trust
related
$620,000 · Salem Five Cents Savings Bank
Jan 3, 2007
—
Healy Court RT
—
Deed Of Trust
related
$1,400,000 · Salem Five Cents Savings Bank
Oct 29, 1998
—
Healy Court RT
—
Deed Of Trust
related
$435,000 · Gary Needham
Aug 1, 1995
$359,000
Healy Court RT
J&k RT
Grant Deed
$287,200 · Northern Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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