Property profile

1 Minuteman Rd Andover, MA 01810

OFF-MARKET
Day care centers
Property ID
US38-0235556
9,900 SF Built 2020
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 2020
Construction STEEL FRAME
Total area 9,900 SF
Zoning code ID2
APN ANDO M:00166 B:00011 L:00001
UPID US38-0235556

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1 Minuteman Rd Andover, MA 01810-1049
Andover metro Census 254402 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$690k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.43M
Blend (final) Blend
$1.06M

Owner & transaction history

Zoning & alternative use

ID2 · Andover, MA
Zoning description

The purpose of this district is to provide industrial uses

General category INDUSTRIAL
Top alternative use upside
Office building $1.7M +86.8%
Restaurant $1.6M +79.7%
Apartment house (5+ units) $1.3M +44.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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