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Property profile & analytics
OFF-MARKET Estimated value $11,605,000
Office buildings

99 Conifer Hl Dr Danvers, MA 01923-1193

64,091 SF 3.69 ac lot Built 2003
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US38-1012878
Property summary
AI-generated overview

This exceptional Class A office building, located at 99 Conifer Hill Drive in Danvers, Massachusetts, offers 18,838 square feet of immediately available space within a larger 61,250 square foot building. The property boasts a desirable executive office subtype, suitable for a variety of businesses. Situated on a 3.69-acre lot, the three-story building provides ample parking with 242 spaces. The building features robust power infrastructure, including 1,600 amps / 480 Vac, 3-phase power. Its strategic location on Route 1, adjacent to the Interstate 95 interchange, ensures excellent accessibility and visibility. The Highway Corridor zoning allows for flexibility in potential uses. The building's proximity to numerous restaurants, hotels, and retail establishments provides added convenience for employees and clients. This presents a unique opportunity to secure high-quality office space in a thriving location within Essex County. The building is currently multi-tenant, offering the potential for expansion or consolidation depending on business needs. Up to 22,000 square feet may be available. The property's design allows for potential conversion to medical or laboratory use, subject to necessary approvals. The zip code is 01923.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2003
Construction STEEL FRAME
Total area 64,091 SF
Lot 3.69 ac (160,736 SF)
Zoning code HC
APN DANV M:019 L:001 P:
UPID US38-1012878
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
  • benefactor Consultant
  • Haley Norrgard, Counselor Psychiatrist Psychologist
  • Teddie Hunt, Counselor Physician
  • Gabriel Merlin, M.D. Physician
  • Mortgage Network Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.42M
Blend (final) Blend
$11.61M
Owner & transaction history
99 Conifer Hill LLC · 1 yrs held
99 Conifer Hill LLC
since 2025
Last sale
$12.0M
7 recorded transactions
2025
$12.0M
2022
Price N/A
2017
Price N/A
2005
Price N/A
2003
Price N/A
1996
Price N/A
1987
$221,000
Zoning & alternative use
HC · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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) 100 = Res. Use 50 = R-IA District 25 = all other 100 = Res. Use 50 = R-IA District 25 = all other NA 50= res. Property 20 = R-IA District…

Zone name Highway Corridor
General category UNKNOWN
Zone area 283.80 ac
Source Danvers Zoning Bylaws 2025
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