Standalone Professional Office
13 Bartlet St Andover, MA 01810
New
For Sale
$1,299,999
Standalone office building with renovated furnished interiors, reception, conference room, private offices, and central air.
Property Size3,205 SF
Price / SF$405.62
Days on Market2
Property Features for 13 Bartlet St
General Information
- Standard status
- Active
- Size
- 3,205 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency:
LAER Realty Partners
(978) 815-9475
Listed By:
Robyn Magenheim
(978) 815-9475
Source:
Elliman
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 23 at 4:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LAER Realty Partners
Investment Insights
Based on property information with market context.
This standalone professional office building is offered as a furnished, renovated space designed for everyday business use. The interior features a large welcoming reception area that connects to a conference room with natural light, along with five private offices. Additional improvements include a kitchen, two private handicap accessible bathrooms, a finished lower level, central air, and a security system.
The property provides five private parking spaces, including a garage, plus additional parking available at a municipal lot across the street. The building is located in downtown Andover with surrounding shops, restaurants, and services, and offers easy access to highways and commuter rail.
The office layout supports client-facing front-of-house space through the reception and conference room, while maintaining separate private offices for focused work.
The property provides five private parking spaces, including a garage, plus additional parking available at a municipal lot across the street. The building is located in downtown Andover with surrounding shops, restaurants, and services, and offers easy access to highways and commuter rail.
The office layout supports client-facing front-of-house space through the reception and conference room, while maintaining separate private offices for focused work.
Key Highlights
- Standalone professional office building with 3,205 SF renovated furnished interior (built 1900)
- Includes a large reception area, conference room with natural light, kitchen, and finished lower level
- Five private offices with gas fireplace, built‑ins, and outstanding views
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.1k | $45.60 |
| − Vacancy | −$27.0k | −$8.44 |
| EGI | $119.1k | $37.16 |
| − OpEx | −$29.8k | −$9.29 |
| NOI | $89.3k | $27.87 |
3,205 SF · lease $45.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,333 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,814 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Standalone office building with renovated furnished interiors, reception, conference room, private offices, and central air.
Where is this office building located?
The property is located at 13 Bartlet St Andover, MA.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: Standalone professional office building with 3,205 SF renovated furnished interior (built 1900); Includes a large reception area, conference room with natural light, kitchen, and finished lower level; Five private offices with gas fireplace, built‑ins, and outstanding views
