Realmo Analytics

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Property profile

89 Newbury St Danvers, MA 01923

OFF-MARKET
Office buildings
Property ID
US38-0482533
23,520 SF 1.43 ac lot Built 1988
Last sale Jul 1991 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 35-yr Hold Held for 35 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This corner office suite includes three private offices, a spacious open work area, and a kitchenette. The space has ribbon-style windows that provide natural light. The building’s common areas were renovated and the facility is professionally managed, with access to an elevator. The property provides ample on-site parking and is located on Route 1 North just past the Route 114 intersection, with convenient access to Routes 95 and 128.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$48k
Tax billed · 2024
Assessed value$2.57M
Assessed land$1.28M
Assessed improvement$1.29M
Effective rate1.86%

Value estimate

· Oct 2026
$6.36M
$5.72M – $6.99M
Submarket $/SF estimate$4.06M

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$651/SF
ZIP average, outlier-cleaned · 53 recorded sales of this use type
Observed band · Q1–Q3$223 – $885
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
HC
The purpose of the Highway Corridor District is to provide for large- scale development in a manner that encourages creative site plannin...
General categoryUNKNOWN
JurisdictionDANVERS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.2
Dental Office17.0
Hair Salon15.1

Location

89 Newbury St Danvers, MA 01923-1098
County assessor Recorded deeds · 4 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17 Florence, Danvers, MA 01923 $325,000 Oct 2024 1,195 SF
1 Lummus, Danvers, MA 01923-2903 $342,000 Jun 2024 1,872 SF
18 Park, Danvers, MA 01923-3073 $950,000 Dec 2023 4,290 SF
32 Prince, Danvers, MA 01923-1447 $640,000 Apr 2023 1,470 SF
240 Newbury, Danvers, MA 01923-1067 $1,375,000 Aug 2020 29,094 SF
249 Andover, Danvers, MA 01923-1317 $461,000 Jul 2020 1,734 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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