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Financial
Distress signals
Property profile

63 Park St Andover, MA 01810

FOR LEASE
Super regional malls
Property ID
US38-1787940
26,281 SF 0.32 ac lot Built 1984
Last sale Oct 2021 · $4,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property includes a move-in ready office suite located at 63 Park Street, Suite 201, in Andover, Massachusetts. The suite features large bay windows that provide natural light and an interior layout designed for flexibility, combining private offices with open workspace to support different office configurations. Heating and air conditioning are provided by ductless HVAC systems. The suite has carpeting throughout and includes a private restroom within the space.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$98k
Tax billed · 2024
Assessed value$3.85M
Assessed land$539k
Assessed improvement$3.31M
Effective rate2.55%

Value estimate

· Oct 2026
$6.02M
$5.42M – $6.62M
AI approach$6.07M
CAP approach$7.48M
NOI build-up
Gross scheduled income$1.20M
Vacancy & credit loss−$222k
Operating expenses−$244k
NOI · 2,525,965.52% cap applied$733k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
2,525,965.52%
$733k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GB
The purpose of this district is to provide general commercial uses
General categoryCOMMERCIAL
JurisdictionANDOVER

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service9.9
Auto Parts Store9.8
Convenience Store9.5

Location

63 Park St Andover, MA 01810
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

15 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
4 properties of the same type nearby
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