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Property profile & analytics
FOR LEASE
Office buildings
14 Essex St Andover, MA 01810
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-0100278
For Lease
1 / 10
Contact for pricing
14 Essex St, Andover, MA 01810
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1880
Construction
FRAME
Total area
1,617 SF
Lot
0.03 ac (1,437 SF)
Zoning code
GB
APN
ANDO M:00055 B:00052 L:0000A
UPID
US38-0100278
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
-
The Lisa Sevajian Group at COMPASS Real Estate Agency
-
Kimberly Zecher | Real Estate Agent | Compass Real Estate Agency
-
Andover Strategies Inc Business Management Consultant
-
Yvonne Rosario - Realtor Real Estate Agency
-
CreInvestEd Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mansard 3 LLC · 9 yrs held
Mansard 3 LLC
since 2017
4 recorded transactions
Zoning & alternative use
GB · Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,016
Tax year 2024
Assessed value
$471,600
Assessed 2024
Previous assessed
$430,100
+9.6% YoY
Effective rate
2.55%
On assessed value
Assessed land
$83,900
Assessed improvement
$387,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
For Lease
Year built
1880
Construction
FRAME
Heating
ELECTRIC
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
1,617 SF
Lot
0.03 ac (1,437 SF)
Zoning code
GB
APN
ANDO M:00055 B:00052 L:0000A
UPID
US38-0100278
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GB · Andover, MA
Zoning GB · permitted uses
GB · 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.
Building & site characteristics
From public records
Year built
1880
Construction
FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Mansard 3 LLC
Entity
Mailing address
14 ESSEX ST, ANDOVER, MA 01810
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
—
Mansard 3 LLC
—
Deed
related
$375,000 · Direct Cu
Sep 29, 2017
—
Mansard 3 LLC
—
Deed
related
$195,000 · Bay Colony Dev
Mar 30, 2017
$404,000
Mansard 3 LLC
Andover 14 Essex St RT
Quit Claim Arm's Length For Ne States
$235,000 · Eastern Bank
—
—
Mansard 3 LLC
—
Deed Of Trust
related
$195,000 · Bay Colony Dev
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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