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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Specialty properties
11 Exeter Way Andover, MA 01810-3305
Entity Owned
9-yr Hold
Property ID
US38-0516861
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1972
Construction
FRAME
Total area
3,598 SF
Lot
0.52 ac (22,738 SF)
Zoning code
SRB
APN
ANDO M:00133 B:00037 L:00000
UPID
US38-0516861
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$722k
Blend (final)
Blend
$555k
Owner & transaction history
Cil Realty Of Mass · 9 yrs held
Cil Realty Of Mass
since 2016
7 recorded transactions
Zoning & alternative use
SRB · Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$910,000
+15.8%
Auto repair, garage
$860,000
+9.4%
Retail stores
$800,000
+1.5%
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 Andover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$790,000
Current use
OFFICE BUILDING
$910,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$860,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$715,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$154 / 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 2017Property tax & assessments
Tax year 2017
Tax billed
$8,691
Tax year 2017
Assessed value
$909,700
Assessed 2024
Previous assessed
$819,900
+11.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$503,000
Assessed improvement
$406,700
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
11
Bathrooms
3
Total area
3,598 SF
Lot
0.52 ac (22,738 SF)
Zoning code
SRB
APN
ANDO M:00133 B:00037 L:00000
UPID
US38-0516861
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
SRB · Andover, MA
Zoning SRB · permitted uses
SRB · Andover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Andover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$790,000
OFFICE BUILDING
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$860,000
RETAIL STORES
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$715,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1972
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
11
Bathrooms
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Cil Realty Of Mass
Entity
Mailing address
157 CHARTER OAK AVE FL, HARTFORD, CT 06106-2045
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2017
—
Cil Realty Of Mass INC
—
Deed
related
$17,539,164 · Peoples United Bank
Dec 14, 2016
$599,000
Cil Realty Of Mass
Alan W Righter
Quit Claim Arm's Length For Ne States
$816,789 · Td Bank NA
Apr 22, 2009
—
Alan W Righter
—
Deed Of Trust
related
$328,154 · Cendant Mortgage Group
Nov 2, 2006
—
Alan W Righter
—
Deed Of Trust
related
$282,000 · Cendant Mortgage Group
May 10, 2004
—
Alan W Righter
—
Deed Of Trust
related
$250,000 · Drew Mortgage Assoc INC
May 7, 2003
—
Alan W Richter
—
Deed Of Trust
related
$372,000 · Ohio Savings Bank
Jan 2, 2003
—
Alan W Righter
—
Deed Of Trust
related
$100,000 · Banknorth NA
Sep 18, 2002
—
Alan W Righter
—
Deed Of Trust
related
$200,000 · Drew Mortgage Assoc INC
Jun 3, 2002
—
Alan W Righter
—
Deed Of Trust
related
$90,000 · Bancnorth Mortgage Co
Feb 13, 2002
—
Alan W Righter
—
Deed Of Trust
related
$350,000 · Drew Mortgage Assoc INC
Oct 16, 2001
—
Alan W Righter
—
Deed Of Trust
related
$75,000 · Andover Bank
Sep 10, 1998
—
Alan W Righter
—
Deed Of Trust
related
$227,150 · Drew Mortgage Assoc INC
Aug 5, 1997
$330,000
Alan W Righter
Ashkeboussi,rahim
Grant Deed
$250,000 · Drew Mortgage Assoc INC
Nov 3, 1993
—
Rahim Ashkeboussi
—
Deed Of Trust
related
$89,000 · Andover Bank
—
—
Alan W Righter
—
Deed Of Trust
related
$309,425 · Quicken Lns
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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