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Property profile & analytics
FOR LEASE
Warehouses
146 Dascomb Rd Andover, MA 01810
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-1688833
For Lease
1 / 2
$37,170,000
146 Dascomb Rd, Andover, MA 01810
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Construction
STEEL FRAME
Total area
180,640 SF
Lot
16.24 ac (707,240 SF)
Zoning code
ID2
APN
ANDO M:00203 B:00002 L:00000
UPID
US38-1688833
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
-
Erickson Heating Air Conditioning HVAC Service General Contractor
-
Restaurant Depot Big Box & Wholesale Store
-
New England Foods Take-out & Catering
-
The Dascomb Road Project City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$35.90M
Comparable Approach
Comparable
$38.77M
Blend (final)
Blend
$37.17M
Owner & transaction history
Nbpiii Dascomb LLC · 5 yrs held
Nbpiii Dascomb LLC
since 2021
Last sale
$37.0M
7 recorded transactions
Zoning & alternative use
ID2 · Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$57.8M
+127.4%
Office building
$45.8M
+80.3%
Auto repair, garage
$43.3M
+70.4%
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
Method
Estimation
Statistic approach
$46,910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$38,885,000
6.5%
$35,895,000
7%
$33,330,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$25,400,000
Current use
APARTMENT HOUSE (5+ UNITS)
$57,760,000
Change: +127% · Conversion: Difficult
OFFICE BUILDING
$45,805,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$43,270,000
Change: +70% · Conversion: Easy
RETAIL STORES
$40,175,000
Change: +58% · Conversion: Moderate
COMMERCIAL (GENERAL)
$36,005,000
Change: +42% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$29,580,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$37.17M
Range $33.45M – $40.89M · ±10% · vs last sale $37.01M (Mar 9 2021)
Last sale anchor
$37.01M
Mar 9 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$206 / SF
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
$574,238
Tax year 2024
Assessed value
$22,536,800
Assessed 2024
Previous assessed
$21,522,800
+4.7% YoY
Effective rate
2.55%
On assessed value
Assessed land
$18,098,300
Assessed improvement
$4,438,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
180,640 SF
Lot
16.24 ac (707,240 SF)
Zoning code
ID2
APN
ANDO M:00203 B:00002 L:00000
UPID
US38-1688833
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
ID2 · Andover, MA
Zoning ID2 · permitted uses
ID2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$25.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$57.8M
OFFICE BUILDING
Est. value
$45.8M
AUTO REPAIR, GARAGE
Est. value
$43.3M
RETAIL STORES
Est. value
$40.2M
COMMERCIAL (GENERAL)
Est. value
$36.0M
INDUSTRIAL (GENERAL)
Est. value
$29.6M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
16.24 ac
Current owner
From public records · entity-resolved
Nbpiii Dascomb LLC
Entity
Free & Clear · 5 yrs held
Mailing address
303 CONGRESS ST FL, BOSTON, MA 02210-1012
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2021
—
Npb 3 Dascomb LLC
—
Deed
related
$29,000,000 · Wells Fargo Bank NA
Mar 9, 2021
$37,005,613
Nbpiii Dascomb LLC
Dascomb Rd Dev LLC
Quit Claim Arm's Length For Ne States
—
Oct 30, 2019
—
Dascomb Road Development
—
Deed
related
$11,000,000 · Northern Bank & Trust Co
Oct 31, 2017
—
Dascomb Road Developme
—
Deed
related
$8,300,000 · Northern Bk & Tr
Oct 6, 2016
—
Jmdh Real Est Of Andov
—
Deed
related
$4,725,000 · Capital One Bank NA
Dec 16, 2015
$7,200,000
Dascomb Road Developme
Jmdh Real Estate Andov
Quit Claim Arm's Length For Ne States
$7,300,000 · Northern Bk & Tr
Dec 6, 2013
$10,500,000
Jmdh Real Estate Of Andov
Brockway Smith Co
Quit Claim Deed
—
Nov 7, 2013
—
Cell Tower Lease Acquisit
—
Deed Of Trust
related
$1 · Deutsche Bank
Dec 30, 2005
$1
Brockway-smith Co
Segabo-andover RT
Grant Deed
—
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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