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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Investment properties
92 High St, Danvers, MA 01923-3130
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US38-1054593
Property summary
AI-generated overview
This exceptional circa 1840 commercial building, located at 92 High Street in the heart of Danvers, MA, presents a unique investment opportunity. Situated on a 0.1-acre lot (4,369+/- sq ft), this two-story building offers approximately 1,533+/- rentable square feet. Currently fully tenanted, the property boasts six off-street parking spaces, a significant advantage in this desirable location. The building's interior is in excellent condition and features three private offices on the second floor and two private offices plus a common bathroom on the main level. A clean, dry basement provides ample storage space, along with the forced air heating system, hot water heater, and electrical panel. The property's versatility is a key selling point
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1840
Construction
FRAME
Total area
2,377 SF
Lot
0.14 ac (6,146 SF)
Zoning code
I1
APN
DANV M:052 L:106 P:
UPID
US38-1054593
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
-
Paul Mandell Cafarella Cpas Accounting Firm Tax Preparation
-
Sea Breeze Family Dental and Orthodontics Dental Office
-
Walsh Aaron M DC Alternative Medicine Practice
-
Danvers Dental Wellness Dental Office
-
Danvers Family Orthodontics Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$707k
Blend (final)
Blend
$695k
Owner & transaction history
Dental Prtnrs Mgmt INC · 21 yrs held
Dental Prtnrs Mgmt INC
since 2005
7 recorded transactions
Zoning & alternative use
I1 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$570,000
+21.0%
Retail stores
$530,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$470,000
Current use
AUTO REPAIR, GARAGE
$570,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$530,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±10%
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
$292 / 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
Assessed value
$704,600
Assessed 2024
Previous assessed
$704,600
+0.0% YoY
Assessed land
$399,500
Assessed improvement
$305,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1840
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
4
Bathrooms
3
Total area
2,377 SF
Lot
0.14 ac (6,146 SF)
Zoning code
I1
APN
DANV M:052 L:106 P:
UPID
US38-1054593
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
$470,000
AUTO REPAIR, GARAGE
Est. value
$570,000
RETAIL STORES
Est. value
$530,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1840
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
4
Bathrooms
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Dental Prtnrs Mgmt INC
Entity
Mailing address
92 HIGH ST, DANVERS, MA 01923-3130
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2008
—
Dental Partners Mgmt INC
—
Deed Of Trust
related
$100,000 · Salem Five Cents Savings Bank
Aug 16, 2006
—
92 High Street Realty LLC
—
Deed Of Trust
related
$15,000 · Salem Five Cents Savings Bank
Jun 7, 2005
$490,000
Dental Prtnrs Mgmt INC
Putnam Prop LLC
Grant Deed
$300,000 · Greenpoint Mortgage Funding
Apr 4, 2005
$305,000
92 High St Rlty LLC
Putnam Prop LLC
Grant Deed
$240,000 · Salem Five Cents Savings Bank
Jan 31, 2002
—
Putnam Properties INC
—
Deed Of Trust
related
$420,000 · Salem Five Cents Savings Bank
Oct 1, 2001
$400,000
Putnam Prop LLC
Op RT
Grant Deed
$320,000 · First National Bank Ipswch
Oct 28, 1997
—
Op RT
—
Deed Of Trust
related
$35,000 · Danvers Savings Bank
Sep 5, 1990
—
Op RT
—
Deed Of Trust
related
$226,000 · Danvers Savings Bank
Apr 3, 1989
—
Op RT
—
Deed Of Trust
related
$170,000 · Bank Of Ne Essex
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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