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Property profile & analytics
OFF-MARKET Estimated value $1,160,000
Super regional malls

75 Newbury St Danvers, MA 01923-1083

28,772 SF 2.44 ac lot Built 1986
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US38-0903578
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Heartwood Kitchens Hardware & Home Improvement Kitchen & Bath Showroom
  • Spalenza Spa Alternative Medicine Practice Spa & Massage Center
  • The Cookie Monstah (Bike/Boat/Book/etc) Store Bakery
  • Fresenius Medical Care Medical Clinic
  • Fresenius Kidney Care Danvers Medical Clinic
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
75 Newbury Street LLC · 10 yrs held
75 Newbury Street LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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