451 Andover Street Unit 150, North Andover, MA 01845
Three-room first-floor suite at the main entrance with convenient parking and lobby access.
- 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
Listing office DiPietro Group Real Estate
Listing date Jan 11, 2026
Source Somervillelofts
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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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- North Andover
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.1270666
- Latitude
- 42.6734351