Technical
Financial
Distress signals
Property profile

75 Newbury St Danvers, MA 01923

OFF-MARKET
Super regional malls
Property ID
US38-0903578
28,772 SF 2.44 ac lot Built 1986
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 10,857 square foot commercial building in Danvers, MA, is ideally situated on Route 1, boasting daily traffic exceeding 31,000 vehicles. Its prime location directly across from a Home Depot ensures exceptional visibility and accessibility. The property features two renovated bathrooms, a conference room, a convenient loading dock, and a side garage door, offering versatile functionality. Currently configured as a church, the space will be available after the end of April, with flexible move-in dates to accommodate various business needs. The current lease rate is $16 per square foot, with $5.10 per square foot in NNN expenses. The property's substantial size allows for the possibility of dividing the space to suit multiple tenants. This presents a unique opportunity for businesses seeking a high-visibility location with ample room for growth and expansion. The property's diverse features, including the loading dock and garage door, make it suitable for a range of commercial uses, including retail, industrial, and restaurant operations. Its flexible layout and prime location in Danvers, MA (zip code 01923, 75 Newbury St) offer significant potential for success.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1986
Construction STEEL FRAME
Total area 28,772 SF
Lot 2.44 ac (106,286 SF)
Zoning code HC
APN DANV M:048 L:033 P:
UPID US38-0903578

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Kitchen & Bath Showroom
  • Alternative Medicine Practice Spa & Massage Center
  • (Bike/Boat/Book/etc) Store Bakery
  • Medical Clinic
  • Medical Clinic

Location

75 Newbury St Danvers, MA 01923-1083
Danvers metro Census 211402 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$975k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.35M
Blend (final) Blend
$1.16M

Owner & transaction history

since 2015
7 recorded transactions
2018
Price N/A
2015
$4.1M
2007
Price N/A
2006
$6.0M
2000
Price N/A
1995
Price N/A
1987
Price N/A

Zoning & alternative use

HC · Danvers, MA
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…

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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