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Property profile & analytics
OFF-MARKET
Medical Office Space
140 Haverhill St, Andover, MA 01810-1550
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US38-1005786
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Total area
28,677 SF
Lot
2.19 ac (95,614 SF)
Zoning code
OP
APN
ANDO M:00018 B:00104 L:0000A
UPID
US38-1005786
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
-
Gregory Christie Physician
-
Christine Lotterhand, NP Physician
-
Dr. Robert P. Nelken, MD Pediatrician Medical Clinic
-
Nancy Landay Physician
-
Dr. Kyle P. Harvey, MD Physician
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
Store Master Funding I Ll
Store Master Funding I Ll
since 2025
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
OP · 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
$70,299
Tax year 2024
Assessed value
$2,759,000
Assessed 2024
Previous assessed
$3,168,500
-12.9% YoY
Effective rate
2.55%
On assessed value
Assessed land
$994,700
Assessed improvement
$1,764,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
28,677 SF
Lot
2.19 ac (95,614 SF)
Zoning code
OP
APN
ANDO M:00018 B:00104 L:0000A
UPID
US38-1005786
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
OP · Andover, MA
Zoning OP · permitted uses
OP · 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
1973
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
2.19 ac
Current owner
From public records · entity-resolved
Store Master Funding I Ll
Individual
Mailing address
355 MIDDLESEX AVE UNIT #7, WILMINGTON, MA 01887-2158
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
$3,075,000
Store Master Funding I Ll
Medico 140 LLC
Deed
$1 · Citibank NA
Sep 5, 2025
—
Store Master Funding I Ll
—
Deed
related
$1 · Citibank NA
Jun 29, 2000
—
Lgh Health Enterprises
—
Deed Of Trust
related
$1,250,000 · Lawrence Savings Bank
May 12, 1995
$2,400,000
Lgh Health Entprs INC
Physicians Bldg Assn
Grant Deed
—
May 12, 1995
—
Lgh Health Entrprs INC
—
Deed Of Trust
related
$2,520,000 · Fleet National Bank
Sep 30, 1987
—
Physicians Bldg Assoc
—
Deed Of Trust
related
$2,490,000 · Lawrence Savings Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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