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    31-39 Flagship Dr North Andover, MA 01845

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    For Sale
    $2,900,000

    Five-unit flex/industrial building totaling 16,320 SF for sale.

    Property size:
    16,320 SF
    Lot size:
    1.91 Acres

    Property Features for 31-39 Flagship Dr

    General Information

    Size
    16,320 SF
    Lot size
    1.91 Acres

    Source: Nordlund Associates Agent Rick Bartley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Flex/Industrial Building in North Andover

    The property at 31-39 Flagship Dr. in North Andover is a flex/industrial building featuring five units, totaling 16,320 square feet. Individual units range in size from 3,200 to 3,520 square feet. Each unit contains approximately 1,200 square feet of office space and 2,000 square feet of warehouse space. Each unit also features loading dock access and a clear height of 13 feet 6 inches. The units are separately metered. Three of the units have leases with options, while two have tenancy at will and may be delivered vacant.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1076389
    Latitude
    42.657297

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    FAQs

    What type of property is this?
    Flex space - Five-unit flex/industrial building totaling 16,320 SF for sale.
    Where is this flex space located?
    The property is located at 31-39 Flagship Dr North Andover, MA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Five-unit flex/industrial building totaling 16,320 square feet.; - Each unit features loading dock access.; - Units range from 3,200-3,520 square feet with office and warehouse space.
    (978) 762-0500
    Request Owner's contact information
    31-39 Flagship Dr North Andover, MA 01845
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31-39 Flagship Dr North Andover, MA 01845
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