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    Property profile & analytics

    131 Riv Rd Andover, MA 01810-1005

    • Commercial real estate
    • 13.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-0919234
    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

    • The Chateau Restaurant Andover / Italian Restaurant
    • Builders License Training Institute / Adult Education School
    • Tsongas Center / Hockey Rink
    • Chili's Grill & Bar / American Restaurant / Bar
    • La Quinta Inn & Suites by Wyndham Boston-Andover / Inn / Motel

    Property Details for 131 Riv Rd

    Lot size
    13.00 lot acres
    Zone code
    ID2
    Property type
    Commercial real estate
    APN
    ANDO M:00165 B:00001 L:0000D
    APU
    ANDOM00165B00001L0000D

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.2085
    Latitude
    42.6909
    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
    2020
    $261,592
    $3,492,800
    $5,649,800
    $9,142,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,530 SF

      159 Riv Rd, Unit 4

      COMMERCIAL CONDOMINUIM • 5,530 SF
      159 Riv Rd, Andover, MA 01810-1014
      View Details
    • Value Estimation by Request
      144.01 Acres

      4 Corporate Dr

      COMMERCIAL (GENERAL) • 144.01 Acres
      4 Corporate Dr, Andover, MA 01810-2441
      View Details
    • Value Estimation
      $3,220,000
      19.00 Acres

      43 Riv Rd

      COMMERCIAL (GENERAL) • 19.00 Acres
      43 Riv Rd, Andover, MA 01810-1123
      View Details
    • Value Estimation by Request
      5.96 Acres

      123 Tewksbury St

      COMMERCIAL (GENERAL) • 5.96 Acres
      123 Tewksbury St, Andover, MA 01810-5878
      View Details
    • Value Estimation by Request
      25.20 Acres

      209 Main St

      COMMERCIAL (GENERAL) • 25.20 Acres
      209 Main St, Andover, MA 01810-3116
      View Details
    • Value Estimation by Request
      2.55 Acres

      36 Main St

      COMMERCIAL (GENERAL) • 2.55 Acres
      36 Main St, Andover, MA 01810-3733
      View Details

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      Andover Land for Sale

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    Similar Nearby for Lease

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      Prime Andover Office Suites, Flexible Options
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    • Contact for pricing
      7,192 SF

      Andover Office Space Available

      7,192 SF office space for rent in Andover, MA.
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      View Details

    Property Visit Statistics

    • Visits by month
      28.3k
    • Visitors by month
      19.4k
    • Avg Time on site
      6 min
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    131 Riv Rd
    Andover, MA 01810-1005
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    Realmo Value Estimation

    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.

    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.

    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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