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    Property profile & analytics

    1 Elm Sq Ste 2d Andover, MA 01810-3986

    • Specialty properties
    • 1,330 SF
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US38-0708429
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Law Office of Andrew Caffrey, Jr. / Personal Injury Attorney / Law Firm
    • Philip J Byers Law Offices / Lawyer

    Property Details for 1 Elm Sq Ste 2d

    Year built
    1966
    Construction
    STEEL FRAME
    Property size
    1,330 SF
    Zone code
    GB
    Property type
    Specialty properties
    APN
    ANDO M:00038 B:00117 L:0002D
    APU
    ANDOM00038B00117L0002D

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $250,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $305,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $280,000
      Mixed-Use
      $245,000
      Hospitality
      $315,000
      Educational
      $235,000
      Residential Income
      $265,000
      Energy
      $230,000
      Income-Based Land
      $245,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1407
    Latitude
    42.6578
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $8,202
    $0.00
    $306,200
    $306,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      Fosters Pond Rd

      CHARITABLE ORGANIZATION • 0.11 Acres
      Fosters Pond Rd, Andover, MA 01810
      View Details
    • Value Estimation by Request
      1.11 Acres

      446 Lowell St

      CHARITABLE ORGANIZATION • 1.11 Acres
      446 Lowell St, Andover, MA 01810-5305
      View Details
    • Value Estimation
      $350,000
      2,124 SF

      32 Kathleen Dr

      CHARITABLE ORGANIZATION • 2,124 SF
      32 Kathleen Dr, Andover, MA 01810-1902
      View Details
    • Value Estimation
      $300,000
      2,896 SF

      204 Andover St, Unit 201

      CHARITABLE ORGANIZATION • 2,896 SF
      204 Andover St, Andover, MA 01810-5702
      View Details
    • Value Estimation
      $235,000
      840 SF

      1 Elm Sq Ste 2b

      CHARITABLE ORGANIZATION • 840 SF
      1 Elm Sq Ste 2b, Andover, MA 01810-3667
      View Details
    • Value Estimation by Request
      9.45 Acres

      368 Main St

      CHARITABLE ORGANIZATION • 9.45 Acres
      368 Main St, Andover, MA 01810-4824
      View Details

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    Andover, MA 01810-3986
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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