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Property profile & analytics
OFF-MARKET
Estimated value
$4,165,000
Office buildings
1060 Osgood St, North Andover, MA 01845-1500
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US38-0152045
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
17,126 SF
Lot
1.05 ac (45,738 SF)
Zoning code
I2
APN
NAND M:00035 B:00029 L:00000
UPID
US38-0152045
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Daly Anne G Family Counselor
-
Fit and Trim Weight Loss Clinic Weight Loss Service
-
Superior wellness Alternative Medicine Practice Spa & Massage Center
-
Salon 1221 Hair Salon Nail Salon
-
Light House Yoga Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.64M
Blend (final)
Blend
$4.17M
Owner & transaction history
Edgewood Retirement Prop · 21 yrs held
Edgewood Retirement Prop
since 2004
7 recorded transactions
Zoning & alternative use
I2 · North Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.9M
+54.3%
Apartment house (5+ units)
$5.5M
+42.9%
Commercial (general)
$4.6M
+20.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Andover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Andover submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,830,000
Current use
RESTAURANT
$5,910,000
Change: +54% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,475,000
Change: +43% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,615,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,100,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$3,810,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$4.17M
Range $3.75M – $4.58M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$243 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$41,084
Tax year 2024
Assessed value
$2,633,600
Assessed 2024
Previous assessed
$2,633,600
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$503,100
Assessed improvement
$2,130,500
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
HOT WATER
Buildings
1
Stories
2
Units
10
Total area
17,126 SF
Lot
1.05 ac (45,738 SF)
Zoning code
I2
APN
NAND M:00035 B:00029 L:00000
UPID
US38-0152045
Jurisdiction
NORTH ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I2 · North Andover, MA
Zoning I2 · permitted uses
I2 · North Andover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Andover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.8M
RESTAURANT
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RETAIL STORES
Est. value
$3.8M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
HOT WATER
Stories
2
Buildings
1
Units
10
Lot
1.05 ac
Current owner
From public records · entity-resolved
Edgewood Retirement Prop
Individual
Mailing address
PO BOX 249, ANDOVER, MA 01810-0005
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2019
—
Tiam Realty LLC
—
Deed
related
$2,480,000 · Align Cu
Oct 4, 2018
—
Tiam Realty LLC
—
Deed
related
$1,900,000 · Align Cu
Jun 4, 2013
—
Tiam Realty LLC
—
Deed Of Trust
related
$2,000,000 · Nmtw Community Cu
Dec 2, 2004
$950,000
Edgewood Retirement Prop
Stevens-rogers,samuel
Grant Deed
—
May 20, 2003
—
R RT
—
Deed Of Trust
related
$1,792,500 · Citizens Bank
Mar 29, 2000
—
R RT
—
Deed Of Trust
related
$250,000 · Citizens Bank Of Ma
May 1, 1998
$1,650,000
R RT
1060 Osgood St RT
Grant Deed
$1,320,000 · Ustrust/essex
Jul 19, 1996
—
R RT
—
Deed Of Trust
related
$150,000 · Southern Nh Bank & Trust
Dec 27, 1995
—
1060 Osgood Street Tr
—
Deed Of Trust
related
$985,000 · First Essex Savings Bank
Nov 9, 1995
$2,975,000
Edgewood Retirement
Rogers,samuel
Grant Deed
—
Dec 2, 1991
—
1060 Osgood St. RT
—
Deed Of Trust
related
$35,000 · Hilco INC
Jan 9, 1987
—
1060 Osgood St. RT
—
Deed Of Trust
related
$100,000 · First Nh Mtg Corp
—
—
Tiam Realty LLC
—
Deed Of Trust
related
$2,480,000 · Align Cu
—
—
Tiam Realty LLC
—
Deed Of Trust
related
$1,900,000 · Align Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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