Entity Owned Property summary
AI-generated overview
This exceptional three-story commercial property, located at 10 Main St. in Andover, Essex County, offers a unique opportunity for businesses seeking flexible office space in a prime downtown location. Built in 1910 and extensively renovated in 2022, this historic building boasts 41,824 square feet of total space, with 8,438 square feet currently vacant and immediately available. The property is zoned GB and features a single elevator, serving all three floors. The minimum divisible space is 875 square feet, while the maximum contiguous space available is 8,438 square feet. This allows for a variety of tenant needs, from smaller startups to larger established businesses. The building sits on a 0.58-acre lot, with a floor area ratio (FAR) of 1.66. Its location at a major intersection on Main St. provides excellent visibility and accessibility. The property's recent renovation ensures modern amenities within a beautifully preserved historic structure. Interested parties should inquire about pricing and lease terms. The APN is ANDO-000039-000026.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Construction
STEEL FRAME
Total area
39,517 SF
Lot
0.56 ac (24,350 SF)
Zoning code
GB
APN
ANDO M:00039 B:00026 L:00000
UPID
US38-0969300
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Physician Medical Clinic
-
Church
-
Restaurant
-
Tutoring Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.02M
Blend (final)
Blend
$5.29M
Owner & transaction history
since 2019
7 recorded transactions
Zoning & alternative use
GB · Andover, MA
Zoning description
The purpose of this district is to provide general commercial uses
General category
COMMERCIAL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.29M
Value range
$4.76M – $5.81M
±10% around blend
Estimated value / SF
$134 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$4.76M
blend $5.29M
$5.81M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
39,517 SF
Lot area
0.56 ac
Year built
1910
Stories
1
APN
ANDO M:00039 B:00026 L:00000
Zoning
GB
Assessed value
$5,774,900
Annual tax
$147,144
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$7.02M
Range $5.46M – $13.02M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.29M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 252 sales
$222
-40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $134/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.77M
Move the market yield to see immediate price impact.
Value / SF
$146
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$364k
$7.28M
$5.20M
$4.04M
$404k
$8.08M
$5.77M
$4.49M
$445k
$8.89M
$6.35M
$4.94M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$147,144
Tax year 2024
Assessed value
$5,774,900
Assessed 2024
Previous assessed
$5,269,100
+9.6% YoY
Effective rate
2.55%
On assessed value
Assessed land
$869,700
Assessed improvement
$4,905,200
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
16
Bathrooms
14
Total area
39,517 SF
Lot
0.56 ac (24,350 SF)
Zoning code
GB
APN
ANDO M:00039 B:00026 L:00000
UPID
US38-0969300
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GB · Andover, MAZoning GB · permitted uses
GB · Andover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of this district is to provide general commercial uses
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
16
Bathrooms
14
Lot
0.56 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
GB
COMMERCIAL
Jurisdiction
Andover, MA
Recorded code
GB
Official district
GB
Official district profile
What the municipal code says about GB
Zoning description
The purpose of this district is to provide general commercial uses
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GB in Andover, MA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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