Open-Layout Office
For Sale
Contact for pricing
19 Lupine Road, Andover, MA 01810
Commercial space with on-site parking and flexibility for office or retail use, excluding restaurant operations.
Property Size1,000 SF
Price / SF$2.15
Days on Market47
Property Features for 19 Lupine Road
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Zoning
Commercial
Lease Type
Gross
Building Details
Building Size
1,000 SF
Year Built
1995
Tenancy
Multi
Listing Agency:
Century 21 North East
(978) 635-3400
Listed By:
Joe Silva · License #448500516
(978) 479-8669
Source:
Churchillprop
Added: Sep 2
Changed: Oct 6
Last Checked: Oct 16 at 5:45AM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
This 1,000-square-foot office unit offers an open interior layout within a commercial building constructed in 1995. The space includes parking and can accommodate office or retail use; restaurant use is specifically excluded.
The property is located at 19 Lupine Road in Andover, Massachusetts. Other occupants in the building include a lighting company, dance studio, and credit union. Additional parking and lot space are also available for rent.
The property is located at 19 Lupine Road in Andover, Massachusetts. Other occupants in the building include a lighting company, dance studio, and credit union. Additional parking and lot space are also available for rent.
Key Highlights
- 1,000 SF open office unit
- Commercial zoning
- Office or retail use; restaurant use excluded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,430
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,600
$328.6K
Cap Rate 7%
$234,714
$234.7K
Cap Rate 9%
$182,556
$182.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$24.0K $24.00/SF
− Vacancy
−$528 −$0.53/SF
EGI
$23.5K $23.47/SF
− OpEx
−$7.0K −$7.04/SF
NOI
$16.4K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,600
Cap Rate 7%
$234,714
Cap Rate 9%
$182,556
Alternative Uses
Best Use
Office B
$398.2K
$348.4K – $464.6K
NOI $27,873 @ 7.0% cap · market cap 1,296.42%
Second Best
Retail
$234.7K
$205.4K – $273.8K
NOI $16,430 @ 7.0% cap · market cap 764.19%
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K
NOI $41,440 @ 7.0% cap · market cap 1,927.44%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 01810, MA
35,621
Population
13,803
Households
2.6
Avg Household Size
43
Median Age
75%
College-Educated
97%
High-School Grad
30.5 sq mi
ZIP Area
1,168
Density / Sq Mi
$167,591
Median Household Income
$86,838
Median Earnings
$2,046
Median Rent
$813,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Commercial space with on-site parking and flexibility for office or retail use, excluding restaurant operations.
Where is this office units located?
The property is located at 19 Lupine Road Andover, MA.
What are key features of this property?
This property features: 1,000 SF open office unit; Commercial zoning; Office or retail use; restaurant use excluded
