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    Property profile & analytics

    138 River Rd Andover, MA 01810

    • Office buildings
    • 64,579 SF
    • 5.13 lot acres
    For Lease
    View listing
    Value Estimation
    $3,870,000
    Last Sale
    Jan 31, 2024
    $3,862,500
    Location Intelligence
    Property ID
    US38-1767038
    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

    • YKK AP America Inc / Manufacturer
    • Bird Dog Solutions Inc / Trucking Company / Department Of Transportation
    • DNA Realty Group / Real Estate Agency / Commercial Real Estate Agency
    • Boston Partners Financial Group / Financial Planner / Financial Consultant
    • Ron Carpenito - Prime Property Team - Keller Williams Realty / Real Estate Agency / Real Estate Agent

    Property Details for 138 River Rd

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    5.13 lot acres
    Property size
    64,579 SF
    Zone code
    ID2
    Property type
    Office buildings
    APN
    ANDO M:00165 B:00001 L:0000B
    APU
    ANDOM00165B00001L0000B

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,715,000
      6.5%
      $4,190,000
      7%
      $4,055,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,590,000
      Geo Method
      $3,990,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,085,000
      Retail
      $3,625,000
      Mixed-Use
      $4,140,000
      Hospitality
      $4,605,000
      Educational
      $4,645,000
      Residential Income
      $3,615,000
      Energy
      $4,230,000
      Income-Based Land
      $3,465,000
      Food Service
      $3,755,000

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.2106
    Latitude
    42.6908
    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
    $266,778
    $3,112,500
    $7,357,600
    $10,470,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      45,763 SF

      303 Main St

      OFFICE BUILDING • 45,763 SF
      303 Main St, Andover, MA 01810
      View Details
    • Value Estimation by Request
      9,633 SF

      342 Main St

      OFFICE BUILDING • 9,633 SF
      342 Main St, Andover, MA 01810-2636
      View Details
    • Value Estimation by Request
      88,813 SF

      25 Frontage Rd

      OFFICE BUILDING • 88,813 SF
      25 Frontage Rd, Andover, MA 01810-5424
      View Details
    • Value Estimation
      $1,225,000
      4,320 SF

      79 Main St

      OFFICE BUILDING • 4,320 SF
      79 Main St, Andover, MA 01810-3510
      View Details
    • Value Estimation by Request
      5,414 SF

      10 High St

      OFFICE BUILDING • 5,414 SF
      10 High St, Andover, MA 01810-3582
      View Details
    • Value Estimation
      $395,000
      1,332 SF

      300 High St

      OFFICE BUILDING • 1,332 SF
      300 High St, Andover, MA 01810-1512
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Andover Office/Medical Building For Sale

      Four-level, 4,300+ SF building suitable for office or medical use.
      6 Windsor St, Andover, MA 01810
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      Downtown Office Building For Sale

      Well-maintained office building with income potential in downtown location.
      Confidential Way, Andover, MA 01810
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    • Contact for pricing
      45,000 SF

      Andover Office Building For Sale

      Downtown Andover office building with convenient access and ample parking.
      305 N Main St, Andover, MA 01810
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    • $1,300,000

      Andover Office/Medical Space For Sale

      4,300+ SF, updated, ADA access, near major routes.
      6 Windsor St, Andover, MA 01810
      View Details
    • $350,000

      Andover Office Condo for Sale

      Prime Andover location, versatile office space.
      0 Elm Sq, Andover, MA 01810
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    • $695,000

      Updated Office Condo For Sale

      3,899 SF office condo with flexible layout and modern systems.
      191 Chandler Rd, Andover, MA 01810
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    Similar Nearby for Lease

    • Contact for pricing

      Renovated Mill Building for Lease

      Renovated office space in Andover, near Routes 93 and 495.
      100 Brickstone Sq, Andover, MA 01810
      View Details
    • Contact for pricing
      43,620 SF

      Class A Office Building Andover

      Premier office and R&D space near I-93 and I-495.
      6 Riverside Dr, Andover, MA 01810
      View Details
    • Contact for pricing
      21,000 SF

      Class A Office Space Andover

      Class A office park with suites available in Andover, MA.
      1 Tech Dr, Andover, MA 01810
      View Details
    • Contact for pricing
      237,705 SF

      Andover Office/R&D Building For Rent

      Class A headquarters with modern design and robust infrastructure.
      800 Federal St, Andover, MA 01810
      View Details
    • Contact for pricing
      35,358 SF

      Class A Office Building Andover

      Premier office building with high visibility in desirable location.
      1 Corporate Dr, Andover, MA 01810
      View Details
    • Contact for pricing
      44,407 SF

      Office Space with Amenity Center

      Office space with planned amenity center, fitness, and recreation.
      3000 Minuteman Rd, Andover, MA 01810
      View Details

    Property Visit Statistics

    • Visits by month
      28.5k
    • Visitors by month
      19.4k
    • Avg Time on site
      6 min
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    138 River Rd
    Andover, MA 01810
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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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