$73,000
●
Commercial -
Off Market
491 Maple St #209
Danvers, MA 01923
Studio
1 Bath
747 Ft²
$161,077
RealtyHop Estimate
106.51%
Since Nov 1, 2008
MA-Boston
Primary Model
About This Property
With great proximity to highways Route 1, 128, and I-95 these two
750+/- square foot office condos are ideal for enterprising
entrepreneuers in the area of accounting, software development,
law, web design, R&D, publishing, etc. The units are attractive
from a location standpoint, tech features, well run condo
association, and the economics for a start up or existing company.
Furniture, telephone system, and fixtures available at additional
purchase.
Unit Size
747 Ft²
Days on Market
-
Land Size
-
Price per sqft
$104
Property Type
Commercial
Property Taxes
$131
HOA Dues
-
Year Built
-
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Cap Rate Calculator
Purchase Price
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Monthly Rental Income
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 years ago (MLSPIN #70762058)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2022 | Sold | ||
| Sold | |||
| Apr 14, 2022 | Listed by RE/MAX On The River, Inc. | $125,000 | |
| Listed by RE/MAX On The River, Inc. | |||
| | |||
|
Why lease when you can own for less? Pristine, freshly painted, new carpeting, bright & sunny 2nd-floor commercial unit serviced by an elevator. Three rooms with skylights, a private bath, and newer HVAC system. Located in the Hathorne Office Park and conveniently located next to I95/Routes 1 and 114. The property is well-managed and maintained. Fully wired for internet, Nest thermostat, extremely low heating cost, 2 assigned parking spaces with additional visitor parking.
| |||
| Nov 7, 2008 | Sold | ||
| Sold | |||
| May 12, 2008 | Listed by Coldwell Banker Realty - Gloucester | $78,000 | |
| Listed by Coldwell Banker Realty - Gloucester | |||
Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Size Units: Acres
Zoning: R3
Parcel Number: M:018 L:039 P:209, 1874220
Financial Details
Tax Annual Amount: $1,573
Utilities Details
Utilities: Public Water, Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/18/2025
|
Loft
|
-
|
1725 ft²
|
$295,000
Loft
-
1725 ft²
|
-
-
|
Brian Reardon
Five Mark Realty Group LLC
| |
|
09/06/2024
|
Loft
|
-
|
-
|
$130,000
Loft
-
|
$92,000
-29.23%
10/31/2024
|
Heather Klosowski
Heather Klosowski Real Estate
| |
|
02/16/2024
|
Loft
|
1 Bath
|
825 ft²
|
$129,900
Loft
1 Bath
825 ft²
|
$140,000
+7.78%
04/12/2024
|
Leighann Eruzione
Lantern Residential
| |
|
08/08/2022
|
Loft
|
2 Bath
|
-
|
$140,000
Loft
2 Bath
|
-
-
|
The Cronin Team
RE/MAX On The River, Inc.
| |
|
08/08/2022
|
Loft
|
2 Bath
|
-
|
$130,000
Loft
2 Bath
|
-
-
|
The Cronin Team
RE/MAX On The River, Inc.
| |
|
08/08/2022
|
Loft
|
-
|
1729 ft²
|
$270,000
Loft
-
1729 ft²
|
$265,000
-1.85%
10/07/2022
|
The Rental Team
Hayden Rowe Properties
| |
|
04/14/2022
|
Loft
|
-
|
747 ft²
|
$125,000
Loft
-
747 ft²
|
$113,500
-9.20%
06/06/2022
|
The Rental Team
Hayden Rowe Properties
| |
|
10/30/2017
|
Loft
|
1 Bath
|
1526 ft²
|
$139,900
Loft
1 Bath
1526 ft²
|
$110,000
-21.37%
08/23/2018
|
Anne Casale-Skinner
Casale-Skinner Realty
| |
|
09/04/2015
|
Loft
|
-
|
747 ft²
|
$59,000
Loft
-
747 ft²
|
$57,000
-3.39%
11/23/2015
|
Crowell & Frost Realty Group
Realpro Associates
| |
|
04/01/2013
|
Loft
|
-
|
825 ft²
|
$117,500
Loft
-
825 ft²
|
$97,500
-17.02%
09/29/2013
|
Cynthia Carney
Carney & Company
| |
|
09/19/2011
|
Loft
|
-
|
1043 ft²
|
$115,000
Loft
-
1043 ft²
|
$108,000
-6.09%
09/29/2011
|
Becky Kilborn
Kilborn Property Consultants
| |
|
03/03/2010
|
Loft
|
-
|
747 ft²
|
$74,999
Loft
-
747 ft²
|
-
-
|
Brian DApice
The Mega Group
| |
|
09/03/2010
|
Loft
|
-
|
1043 ft²
|
$115,000
Loft
-
1043 ft²
|
-
-
|
Becky Kilborn
Kilborn Property Consultants
| |
|
05/13/2010
|
Loft
|
-
|
2000 ft²
|
$175,000
Loft
-
2000 ft²
|
$140,000
-20.00%
12/16/2010
|
Becky Kilborn
Kilborn Property Consultants
| |
|
05/12/2008
|
Loft
|
1 Bath
|
747 ft²
|
$78,000
Loft
1 Bath
747 ft²
|
$73,000
-6.41%
11/07/2008
|
John Farrell
Coldwell Banker Realty - Gloucester
| |
|
04/29/2005
| |
Loft
|
2 Bath
|
1735 ft²
|
$199,500
Loft
2 Bath
1735 ft²
|
$199,000
-0.25%
08/17/2005
|
James F. Mears, Jr.
James F. Mears, Jr. Realty
|
|
04/26/2004
| |
Loft
|
2 Bath
|
-
|
$119,500
Loft
2 Bath
|
$115,000
-3.77%
08/11/2004
|
Ralph Leonard
Ralph Leonard Associates
|
|
05/03/2002
| |
Loft
|
-
|
1515 ft²
|
$147,000
Loft
-
1515 ft²
|
$132,500
-9.86%
08/01/2003
|
James Zafris
Ralph Leonard Associates
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017