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    Property profile & analytics

    1 Elm Sq1a2 Andover, MA 01810-3643

    • Office Properties & Spaces
    • 968 SF
    OFF-MARKET
    Value Estimation
    $330,000
    Last Sale
    Nov 20, 2024
    $315,000
    Location Intelligence
    Property ID
    US38-1180476
    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

    • Office Properties & Spaces

    Property Details for 1 Elm Sq1a2

    Year built
    1966
    Construction
    STEEL FRAME
    Property size
    968 SF
    Zone code
    GB
    Property type
    Office Properties & Spaces
    APN
    ANDO M:00038 B:00117 L:0012A
    APU
    ANDOM00038B00117L0012A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $400,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $360,000
      Mixed-Use
      $410,000
      Hospitality
      $355,000
      Educational
      $295,000
      Residential Income
      $300,000
      Energy
      $405,000
      Income-Based Land
      $310,000
      Food Service
      $305,000

    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
    2024
    $6,553
    $0.00
    $257,200
    $257,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,029 SF

      24 York St

      Office space • 2,029 SF
      24 York St, Andover, MA 01810
      View Details
    • Value Estimation by Request
      602 SF

      1 Elm St

      Office Properties & Spaces • 602 SF
      1 Elm St, Andover, MA 01810
      View Details
    • Value Estimation
      $395,000
      5,398 SF

      191 Chandler Rd, Unit A

      CONDOMINIUM OFFICES • 5,398 SF
      191 Chandler Rd, Andover, MA 01810-2458
      View Details
    • Value Estimation
      $305,000
      1,941 SF

      206 Andover St, Unit S2

      CONDOMINIUM OFFICES • 1,941 SF
      206 Andover St, Andover, MA 01810-5666
      View Details
    • Value Estimation
      $285,000
      830 SF

      138 Haverhill St Ste, Unit 6

      CONDOMINIUM OFFICES • 830 SF
      138 Haverhill St Ste, Andover, MA 01810-1501
      View Details
    • Value Estimation
      $160,000
      790 SF

      138 Haverhill St Ste, Unit 9

      CONDOMINIUM OFFICES • 790 SF
      138 Haverhill St Ste, Andover, MA 01810-1501
      View Details

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    Andover, MA 01810-3643
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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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