3 Federal St, Danvers, MA 01923 - Valuation report, cap rates, free data
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3 Federal St, Danvers, MA 01923

Indicative value *
$0.5M - $0.6M
* This indicative valuation is based on sales of other properties in the area, where data is available (see interactive map in the Sales Transactions tab below). For more accurate valuation, please request
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B
Overall location
score
24
Value decline
risk score
45
Value growth
potential score
  • Business district area with 29% of people residing in the area and 71% commuting here for work
  • Close to highway, highway score is 93 (out of 100)
  • High business growth
  • Popular area with foot traffic score of 80 (out of 100)
  • Within or close to a large city
  • Access to public transit is average with transit score of 11 (out of 100)
  • Medium employee density of 5,160/sq.mi. in 0.3mi and low employee density of 1,637/sq.mi. in 3mi
  • Medium levels of salaries of $44,000 per year
  • Largest industires include Restaurants and Bars, General Merchandise Stores, Clothing Stores
  • A number of amenities within walking distance but not many, including restaurants ToppSalad Premium Salad Bar, Five Guys Burgers and Fries, Starbucks, Pellana, Tennessee's Real BBQ Real Fast
  • Medium-sized business tenants in the area, including East Boston Savings Bank, Care Dimensions, Eliza, Sports Medicine North Orthopaedic Surgery Inc., Professional Profiles Inc, Sports Medicine North, Essen Foods Inc., Amy's Hallmark Shop, Essex County Ob/gyn Assoc. Inc., Century House Of Peabody Inc., Construction Management & Builders Inc.
  • Low job growth in the area (within 3mi radius)
  • USA / Massachusetts / 01923 / 3 Federal St, Danvers, MA 01923, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    4542
    361
    1.66
    04/23/20
    Office
    3438
    117
    2.46
    12/20/19
    Office
    3492
    214
    3.66
    12/05/19
    Office
    6080
    75
    22.83
    11/26/19
    Office
    2880
    311
    4.06
    10/18/19
    Office
    5920
    80
    8.07
    01/22/19
    Office
    7913
    126
    4.1
    11/01/18
    Office
    2994
    158
    4.47
    08/06/18
    Office
    3061
    104
    5.65
    06/26/18
    Office
    4340
    86
    6.15
    03/01/18
    Office
    8385
    80
    7.83
    12/01/17
    Office
    5038
    228
    -0.53
    11/02/17
    Office
    5385
    83
    16.26
    09/28/17
    Office
    8816
    136
    8.27
    03/17/17
    Office
    7958
    150
    3.79
    12/23/16
    Office
    Estimated cap rates are calculated assuming current average market rents, market vacancy, and average costs for each property. Actual cap rates may differ substantially if the property had lower or higher rents than average for the market, or had a higher or lower than market vacancy, or costs
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