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Property profile & analytics
OFF-MARKET
Estimated value
$18,135,000
Residential income homes
15 Stevens St, Andover, MA 01810-3599
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-1596443
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1925
Construction
STEEL FRAME
Total area
146,728 SF
Lot
8.93 ac (388,904 SF)
Zoning code
MU
APN
ANDO M:00037 B:00023 L:00000
UPID
US38-1596443
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
-
Atria Marland Place Nursing Home Retirement Community
-
Atria Community Center
-
Tng Properties Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.14M
Owner & transaction history
Powder Mill Square LLC · 22 yrs held
Powder Mill Square LLC
since 2004
4 recorded transactions
Zoning & alternative use
MU · 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
$124 / 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
$224,556
Tax year 2024
Assessed value
$17,434,500
Assessed 2024
Previous assessed
$17,037,100
+2.3% YoY
Effective rate
1.29%
On assessed value
Assessed land
$4,876,200
Assessed improvement
$12,558,300
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1925
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
4
Units
129
Rooms
38
Bathrooms
129
Total area
146,728 SF
Lot
8.93 ac (388,904 SF)
Zoning code
MU
APN
ANDO M:00037 B:00023 L:00000
UPID
US38-1596443
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
MU · Andover, MA
Zoning MU · permitted uses
MU · 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
1925
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Buildings
1
Units
129
Rooms
38
Bathrooms
129
Lot
8.93 ac
Current owner
From public records · entity-resolved
Powder Mill Square LLC
Entity
Mailing address
PO BOX 71970, PHOENIX, AZ 85050-1017
Ownership since
2004
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
Jun 10, 2004
$2,220,850
Powder Mill Square LLC
Wood Ayer Andover E Ltd
Grant Deed
$2,613,150 · Banknorth NA
Aug 31, 2000
—
Marland Place Assoc LP
—
Deed Of Trust
related
$500,000 · Zuckerman Family Nomi
Sep 6, 1995
$2,449,999
Marland Place Assoc LP
Wood Ayer LP
Grant Deed
$2,000,000 · Wainwright Bank & Trust Co
Sep 6, 1995
—
Marland Place Assoc LP
—
Deed Of Trust
related
$12,668,000 · Ma Housing Finance Authority
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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