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Financial
Distress signals
Property profile

1 Tech Dr Andover, MA 01810

FOR LEASE
Office buildings
Property ID
US38-1222241
90,557 SF 6.49 ac lot Built 1981
Last sale Sep 2019 · $8,275,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
1 Tech Dr, Andover, MA 01810 For Lease 1 / 2
Contact for pricing 21,000 SF available
1 Tech Dr, Andover, MA 01810
View Listing

Property summary

AI-generated overview

One Tech Drive is a Class A office building in Andover, Massachusetts, with approximately 120,000 square feet of total space. The property is located at the I-93 and River Road interchange, providing access to I-495 and connectivity to Route 128/I-95, and is positioned for commuting and regional travel to Downtown Boston, Logan International Airport, and the MBTA Commuter Rail. It is situated within Andover’s retail, dining, and hospitality corridor near restaurants, retail amenities, hotels…

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?
$266k
Tax billed · 2024
Assessed value$10.43M
Assessed land$4.28M
Assessed improvement$6.14M
Effective rate2.55%

Value estimate

· Oct 2026
$17.16M
$15.44M – $18.88M
Submarket $/SF estimate$16.25M

Realmo valuation models over county records.

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

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 Supply12.7
Spa & Massage10.7
HVAC Service10.7

Location

1 Tech Dr Andover, MA 01810
County assessor Recorded deeds · 5 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

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
2 Tech, Andover, MA 01810-2489 $12,500,000 Jan 2020 105,902 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

Comparable nearby

  • Value Estimation
    $16,825,000
    88,813 SF
    25 Frontage Rd
    OFFICE BUILDING
    25 Frontage Rd, Andover, MA 01810-5424
    View Details
  • Value Estimation
    $13,580,000
    105,902 SF
    2 Tech Dr
    OFFICE BUILDING
    2 Tech Dr, Andover, MA 01810-2489
    View Details
  • Value Estimation
    $26,800,000
    105,949 SF
    95 Riv Rd
    OFFICE BUILDING
    95 Riv Rd, Andover, MA 01810-1000
    View Details
  • Value Estimation
    $18,160,000
    109,370 SF
    300 Ballardvale St
    OFFICE BUILDING
    300 Ballardvale St, Andover, MA 01810-5929
    View Details
  • Value Estimation
    $3,865,000
    64,579 SF
    138 Riv Rd
    OFFICE BUILDING
    138 Riv Rd, Andover, MA 01810-1072
    View Details
  • Value Estimation
    $34,455,000
    162,978 SF
    50 Minuteman Rd
    OFFICE BUILDING
    50 Minuteman Rd, Andover, MA 01810-1008
    View Details

Similar Nearby for Sale

  • $1,100,000
    4,368 SF
    Renovated Office Building
    Four-level office property with private work areas, meeting rooms, central HVAC, parking, and a three-car garage.
    6 Windsor St, Andover, MA 01810
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  • $1,250,000
    3,205 SF
    Standalone Professional Office Building
    Standalone office building with renovated furnished interiors, reception, conference room, private offices, and central air.
    13 Bartlet St, Andover, MA 01810
    View Details
  • $1,349,000
    Downtown Office Building
    Well-maintained office building with seven offices, four bathrooms, and off-street parking.
    68 Park St, Andover, MA 01810
    View Details

Similar Nearby for Lease

  • Contact for pricing
    147,837 sqft
    Andover Office/Lab Space Available
    Office and lab space available in Andover, Massachusetts.
    600 Federal Street, Andover, MA 01810
    View Details
  • New
    $32 SF/Yr
    29,650 sqft
    Downtown Andover Office Space Available
    Centrally located office building near Andover Train Station.
    2 Elm Square, Andover, MA 01810
    View Details
  • New
    Contact for pricing
    136,811 sqft
    Andover Office Space Available
    136,811 square feet of office space for rent.
    200 Brickstone Square, Andover, MA 01810
    View Details
  • New
    Contact for pricing
    17,145 sqft
    Office Space in Planned Campus
    Office space within Minuteman Park, an amenity-rich campus with café, outdoor patio, fitness center, and bike storage.
    200 Minuteman Rd, Andover, MA 01810
    View Details
  • New
    Contact for pricing
    6,786 sqft
    Office Building with Flexible Suite Sizes
    Office space near I-93 and I-495 with ample parking and flexible suite sizes to fit a range of needs.
    138 River Rd, Andover, MA 01810
    View Details
  • Contact for pricing
    4,036 sqft
    Office Suite in Landmark Complex
    Suite 201 in a landmark office complex with large windows and on-site fully-equipped health club access.
    300 Brickstone Sq, Andover, MA 01810
    View Details
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