$74,999
●
Commercial -
Off Market
491 Maple Street #210
Danvers, MA 01923
Studio
0 Bath
747 Ft²
$885
Est. Monthly
$380
HOA / Fees
35.26%
Cap Rate
About This Property
About 700 ft² office space on 3rd floor of professional office
condo, directly on route 62. Extremely high traffic counts and
excellent highway access to Route 1 & Interstate 95. Unit features
Central AC, 1 private office, 4 cubes - all Cat 5 wired. Condo
features elevator access and 2 assigned parking spaces.
Unit Size
747 Ft²
Days on Market
-
Land Size
-
Price per sqft
$100
Property Type
Commercial
Property Taxes
$137
HOA Dues
$380
Year Built
-
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Cap Rate Calculator
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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: 2 years ago (MLSPIN #71040597)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 23, 2015 | Sold | ||
| Sold | |||
| Sep 4, 2015 | Listed by The Richardson Group, LLC | $59,000 | |
| Listed by The Richardson Group, LLC | |||
| | |||
|
Say goodbye to leasing and own this wonderful office suite! Spacious and open layout with conference room and private restroom. Well managed condo association. Two assigned parking spaces in addition to ample visitor parking. Elevator access. Condo fee includes heat, snow removal and landscaping. Convenient location; seconds to Route 1 and 95. Call today!
| |||
| Oct 7, 2010 | Listed by Keller Williams Realty Evolution | $69,999 | |
| Listed by Keller Williams Realty Evolution | |||
| | |||
|
About 700 ft² office space on 3rd floor of professional office condo, directly on route 62. Extremely high traffic counts and excellent highway access to Route 1 & Interstate 95. Unit features Central AC, 1 private office, 4 cubes - all Cat 5 wired. Condo features elevator access and 2 assigned parking spaces. Additional visitor parking is also on-site.
| |||
| Aug 2, 2010 | Listed by Keller Williams Realty Evolution | $900 | |
| Listed by Keller Williams Realty Evolution | |||
| | |||
|
About 700 ft² office space on 3rd floor of professional office condo, directly on route 62. Extremely high traffic counts and excellent highway access to Route 1 & Interstate 95. Unit features Central AC, 1 private office, 4 cubes - all Cat 5 wired. Condo features elevator access and 2 assigned parking spaces.
| |||
| Mar 3, 2010 | Listed | $900 | |
| Listed | |||
| | |||
|
About 700 ft² office space on 3rd floor of professional office condo, directly on route 62. Extremely high traffic counts and excellent highway access to Route 1 & Interstate 95. Unit features Central AC, 1 private office, 4 cubes - all Cat 5 wired. Condo features elevator access and 2 assigned parking spaces.
| |||
Property Highlights
Elevator
Exterior Details
Square Footage: 747
Year Built: 1988
Building Area Total: 747
Building Area Units: Square Feet
Lot Size Units: Acres
Financial Details
Tax Annual Amount: $1,638
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Elevator(s)
HOA Fee: $380
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