Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Modern Office Space Available Title is generated by Realmo AI

    1820 Turnpike St #200, North Andover, MA 01845

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,400/Mo $14 SF/Yr (calc)

    Bright office space with private offices and open floorplan.

    Type:Commercial
    Property size:
    2,900 SF
    Added:
    Nov 18, 2025
    Days on Market:
    180
    Last Refresh:
    Apr 5 at 11:25 pm

    Property Features for 1820 Turnpike St #200

    General Information

    Standard status
    Active
    Size
    2,900 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    Randy Tibbetts

    Listing agent Randy Tibbetts

    Listing office Tibbetts Real Estate Group

    Listing date Nov 18, 2025

    Source Corcoran

    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 Tibbetts Real Estate Group

    HighLights

    • Three private offices plus a large open floorplan offer flexible workspace solutions.
    • Abundant natural light creates an inviting and productive atmosphere.
    • Convenient features include a private restroom, central HT/AC, and ample on‑site parking.
    • Located in a well‑maintained elevator building.
    • Suitable for a variety of professional businesses, startups, or established companies.
    • Marquee signage is available.

    Overview

    This modern commercial office space offers a blend of professionalism and flexibility. The suite features three private offices and a spacious open floorplan suitable for collaborative work or team expansion. Large windows provide natural light throughout the space. The property includes a private restroom, ample on-site parking, and central HT/AC. It is located in a well-maintained elevator building. Marquee signage is available. The 2,900 square-foot space is suitable for a growing professional business, startup, sports medicine, orthopedics, physical therapy, training, or computer hub, and is convenient to Middleton and North Andover.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Alexa Shea Alternative Medicine Practice Foresight Regulatory Strategies, ... Business Management Consultant Snowtrition Association / Organization Michael Scholz Physician R J S ... Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Hair Salon Auto Repair Shop Gym & Fitness Center Department Store Discount Store Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    North Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0738
    Latitude
    42.6352

    Nearby Similar for Lease

    • Sponsored
      $129-$5,308/Mo
      11-1,292 SF

      MA, North Andover - Osgood Street

      1274 Osgood St, North Andover, MA 01845
      View Details
    • $19 SF/Yr
      5,439 SF

      Renovated Retail/Office Condo For Lease

      5,439 SF Class A condo, renovated in 2023.
      989-995 Osgood #989-995, North Andover, MA 01845
      View Details
    • $1,400/Mo
      620 SF

      Turnkey Office Suite For Rent

      Versatile 620 SF office suite in North Andover.
      565 Turnpike St, North Andover, MA 01845
      View Details
    • $19 SF/Yr
      5,439 SF

      Renovated Retail/Office Condo For Lease

      5,439 SF Class A condo, renovated in 2023.
      989-995 Osgood #989-995, North Andover, MA 01845
      View Details
    • $1,500/Mo
      1,071 SF

      Professionally Managed Office Suite

      Second floor office suite with elevator access and parking.
      70 Main St #203, North Andover, MA 01845
      View Details
    • $25 SF/Yr
      5,050 SF

      Adaptable Commercial Space with Natural Light

      Versatile 5,050 SF commercial space suitable for various uses.
      1820 Turnpike St #106, North Andover, MA 01845
      View Details
    • $2,950/Mo

      Bright Office Space For Rent

      Modern office space with private offices and open floorplan.
      1820 Turnpike St #200, North Andover, MA 01845
      View Details
    • $1,200/Mo

      Sutton Street Office Space Available

      Second floor corner unit with flexible floor plan in North Andover.
      231 Sutton Street #2G, North Andover, MA 01845
      View Details
    • $25 SF/Yr
      1,400 SF

      Professional Office Space Available

      1,400 SF office space with flexible, open layout.
      999 Osgood St #B, North Andover, MA 01845
      View Details
    • $25 SF/Yr
      1,400 SF

      Professional Office Space Available

      1,400 SF office space with flexible, open layout.
      999 Osgood St B, North Andover, MA 01845
      View Details
    • $1,500/Mo
      18,069 SF

      Professionally Managed Office Suite

      Second floor commercial suite with elevator access and parking.
      70 Main St #203, North Andover, MA 01845
      View Details
    • $1,700/Mo

      Move-in Ready North Andover Office

      Furnished office space ideal for small businesses and professional services.
      451 Andover #165, North Andover, MA 01845
      View Details

    FAQs

    What type of property is this?
    Office units - Bright office space with private offices and open floorplan.
    Where is this office units located?
    The property is located at 1820 Turnpike St #200 North Andover, MA.
    What is the lease rate?
    The lease rate is $3,400 /Mo.
    What are key features of this property?
    This property features: Three private offices plus a large open floorplan offer flexible workspace solutions.; Abundant natural light creates an inviting and productive atmosphere.; Convenient features include a private restroom, central HT/AC, and ample on‑site parking.
    (617) 233-2103
    We can help!
    Listing Contact
    Randy Tibbetts
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1820 Turnpike St #200, North Andover, MA 01845
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!