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    First-Floor Office Suite with Entrance Access Title is generated by Realmo AI

    451 Andover Street Unit 150, North Andover, MA 01845

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    For Sale
    $125,000

    Three-room first-floor suite at the main entrance with convenient parking and lobby access.

    Type:Commercial
    Property size:
    295 SF
    Price / SF:
    $423/SF
    Added:
    Jan 11, 2026
    Days on Market:
    179
    Last Refresh:
    Jul 8 at 2:25 am

    Property Features for 451 Andover Street Unit 150

    General Information

    Standard status
    Active
    Size
    295 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1990

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    Kim Oliveira

    Listing office DiPietro Group Real Estate

    Listing date Jan 11, 2026

    Source Somervillelofts

    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 DiPietro Group Real Estate

    HighLights

    • 1990‑built professional building in North Andover
    • First‑floor, 3‑room suite (Unit 150) located at the building’s main entrance
    • Convenient access from the parking area and the building lobby
    • Flexible layout suitable for medical/wellness, general office, or creative services
    • Unit #160 is also available for purchase to expand within the complex

    Overview

    This first-floor, three-room professional suite is positioned directly at the building’s main entrance. The space is designed for a range of office-oriented uses, with a flexible layout that can support professional services, including medical or wellness, general office, and creative services.

    The suite is located at 451 Andover Street in a well-maintained complex. Its placement at the main entry supports straightforward wayfinding for visitors, with easy access from the parking area and through the lobby.

    For tenants or buyers looking for a compact, front-of-house office setup, the suite offers practical in-and-out convenience and a configuration suited to multiple professional functions within one connected space. Unit 150 is also offered for purchase, and additional space may be available with Unit 160 if expansion is a consideration.

    Local 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 $13.5k $45.60
    − Vacancy −$2.5k −$8.44
    EGI $11.0k $37.16
    − OpEx −$2.7k −$9.29
    NOI $8.2k $27.87
    295 SF · lease $45.60/SF/yr · vacancy 18.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $117.5K
    $102.8K – $137.1K (±1% cap)
    NOI $8,223 @ 7.0% cap · market cap 6.58%
    Second Best
    Healthcare Medical
    $77.7K
    $68.0K – $90.7K (±1% cap)
    NOI $5,442 @ 7.0% cap · market cap 4.35%
    Theoretical Best
    Office A
    $174.6K
    $152.8K – $203.8K (±1% cap)
    NOI $12,225 @ 7.0% cap · market cap 9.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Express Employment Professionals Employment Agency Foot Health Center ... Physician Brian Fellows Physician Cari Skin Care ... Medical Clinic Vida Wellness Alternative Medicine Practice

    Suggested Use

    Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon Building Supply Pharmacy Restaurant Electrical Service Parking Lot & Garage Grocery & Convenience 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
    -71.1270666
    Latitude
    42.6734351

    FAQs

    What type of property is this?
    Office units - Three-room first-floor suite at the main entrance with convenient parking and lobby access.
    Where is this office units located?
    The property is located at 451 Andover Street Unit 150 North Andover, MA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 1990‑built professional building in North Andover; First‑floor, 3‑room suite (Unit 150) located at the building’s main entrance; Convenient access from the parking area and the building lobby
    More about this property
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