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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    127 Waverley Rd North Andover, MA 01845-2436

    • Turn key restaurants
    • 721 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Aug 01, 2024
    $230,000
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0163702
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 127 Waverley Rd

    Year built
    1939
    Construction
    FRAME
    Lot size
    0.06 lot acres
    Property size
    721 SF
    Zone code
    GB
    Property type
    Turn key restaurants
    APN
    NAND M:00014 B:00025 L:00000
    APU
    NANDM00014B00025L00000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $230,000
      ML approach
      $230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $377,000
      Market price range: $126k - $384k
      AI Estimate
      $179,000
      Market price range: $63.7k - $182k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.135
    Latitude
    42.7007
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,891
    $241,500
    $72,000
    $313,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $310,000
      1,872 SF

      39 Main St

      RESTAURANT • 1,872 SF
      39 Main St, North Andover, MA 01845-2424
      View Details
    • Value Estimation
      $2,270,000
      6,624 SF

      267 Chickering Rd

      RESTAURANT • 6,624 SF
      267 Chickering Rd, North Andover, MA 01845-4535
      View Details
    • Value Estimation
      $1,955,000
      2,377 SF

      490 Main St

      RESTAURANT • 2,377 SF
      490 Main St, North Andover, MA 01845
      View Details
    • Value Estimation
      $455,000
      2,769 SF

      1070 Osgood St

      RESTAURANT • 2,769 SF
      1070 Osgood St, North Andover, MA 01845-1503
      View Details
    • Value Estimation
      $425,000
      3,344 SF

      1591 Osgood St

      RESTAURANT • 3,344 SF
      1591 Osgood St, North Andover, MA 01845-1014
      View Details
    • Value Estimation
      $510,000
      2,236 SF

      1018 Osgood St

      RESTAURANT • 2,236 SF
      1018 Osgood St, North Andover, MA 01845-1503
      View Details

    Similar Nearby for Sale

    • $400,000

      Established Restaurant Business For Sale

      Award-winning restaurant with loyal customer base and growth potential.
      123-ABC Popular Food Stop Way, North Andover, MA 01845
      View Details
    • $2,750,000
      2.85 Acres

      North Andover Commercial Land & Businesses

      Prime 3-acre lot with two thriving businesses.
      1591 Osgood St, North Andover, MA 01845
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    • $350,000

      Modern Office/Retail Space on Route

      Renovated office/retail space with high traffic and modern design.
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    • $350,000
      1,299 SF

      Modern Office/Retail Space For Sale

      Class A office/retail space, renovated in 2023, high traffic location.
      989 Osgood St, North Andover, MA 01845
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    • $1,200,000
      5,439 SF

      Renovated Office/Retail Space on Route

      Modern, renovated office/retail space with high traffic exposure.
      989-995 Osgood St, North Andover, MA 01845
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    • $1,199,999

      Corner Commercial Unit For Sale

      Corner commercial unit in a busy business district, built in 2007.
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    Similar Nearby for Lease

    • $25 SF/Yr
      46,104 SF

      First & Main: North Andover Office

      Prime North Andover office space, multiple suites available.
      109 Main St, North Andover, MA 01845
      View Details
    • Contact for pricing
      1,650 SF

      Former Restaurant and Retail Spaces

      Restaurant and retail spaces available for lease.
      542-562 Turnpike St, N Andover, MA 01845
      View Details
    • Contact for pricing
      2,129 SF

      Retail Space in Eaglewood Shops

      Retail spaces available in North Andover's primary retail corridor.
      93-115 Turnpike St, North Andover, MA 01845
      View Details
    • Contact for pricing

      North Andover Retail Development Opportunity

      New development on Route 114 with high traffic volume.
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      View Details
    • $34 SF/Yr
      3,202 SF

      Retail Space in Signature Commons

      Street-level retail space suitable for restaurant use with outdoor patio.
      1280 Osgood St, North Andover, MA 01845
      View Details
    • $2,050 /Mo
      2,310 SF

      Renovated Retail/Office Space Available

      Prime downtown North Andover location, suitable for retail or office.
      89 Main St, North Andover, MA 01845
      View Details
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    127 Waverley Rd
    North Andover, MA 01845-2436
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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