First-Floor Office Suite with Entrance
451 Andover Street Unit 150 North Andover, MA 01845
451 Andover Street Unit 150, North Andover, MA, 01845
$125,000
For Sale
$125,000
Three-room first-floor suite at the main entrance with convenient parking and lobby access.
Property Size295 SF
Price / SF$423.73
Days on Market191
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 agency
DiPietro Group Real Estate
Listed by
Kim Oliveira
(617) 694-0004
Source
Somervillelofts
Added: Jan 11 Updated: Jul 10 at 2:13PM Checked: Jul 20 at 6:06AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
NOI $8,223 @ 7.0% cap · market cap 6.58%
Second Best
Healthcare Medical
$77.7K
$68.0K – $90.7K
NOI $5,442 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$174.6K
$152.8K – $203.8K
NOI $12,225 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
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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
