Financial
Distress signals
Property profile

2 Tech Dr Andover, MA 01810

OFF-MARKET
Office buildings
Property ID
US38-0793080
105,902 SF 8.09 ac lot Built 1984
Last sale Jan 2020 · $12,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This Class A office park is located on Tech Drive in Andover, Massachusetts and consists of three office buildings totaling over 330,000 square feet. The office park includes building common areas and at least one building (One Tech Drive) with lobby and common-area renovations, including a renovated lobby and grab-and-go area. The property is configured for tenant office occupancy with suite sizes ranging from approximately 3,000 to 11,000 square feet, and space within the Westford, MA area is

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$406k
Tax billed · 2024
Assessed value$15.95M
Assessed land$4.65M
Assessed improvement$11.29M
Effective rate2.55%

Value estimate

· Sep 2026
$16.08M
$14.47M – $17.68M
AI approach$12.00M
Sales comparison$14.84M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$254/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$179 – $308
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ID
INDUSTRIAL D DISTRICT (ID). 8.1.1 General. All development in an Industrial D District shall be subject to the following, unless a specia...
General categoryINDUSTRIAL
JurisdictionANDOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply10.9
Spa & Massage10.7
Dental Office10.4

Location

2 Tech Dr Andover, MA 01810-2489
County assessor Recorded deeds · 7 transfers 3 qualifying comp sales 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

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
138 Riv, Andover, MA 01810-1072 $3,862,500 Jan 2024 64,579 SF
50 Minuteman, Andover, MA 01810-1008 $34,220,000 Jul 2023 162,978 SF
300 Ballardvale, Andover, MA 01810-5929 $17,000,000 Oct 2022 109,370 SF
200 Minuteman, Andover, MA 01810-1047 $70,632,000 Jan 2022 196,152 SF
33 Chestnut, Andover, MA 01810-3623 $2,088,000 Dec 2021 5,337 SF
1 Tech, Andover, MA 01810-2453 $2,000,842 Sep 2019 90,557 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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