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Property profile & analytics
OFF-MARKET
Estimated value
$33,075,000
Warehouses
150th Dascomb Rd Andover, MA 01810-5873
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0841824
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
STEEL FRAME
Total area
191,860 SF
Lot
4.38 ac (190,793 SF)
Zoning code
ID2
APN
ANDO M:00203 B:00003 L:00000
UPID
US38-0841824
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$38.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$33.08M
Owner & transaction history
Bpp Partners Industrial · 4 yrs held
Bpp Partners Industrial
since 2021
Last sale
$42.0M
7 recorded transactions
Zoning & alternative use
ID2 · Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$48.7M
+80.3%
Auto repair, garage
$46.0M
+70.4%
Retail stores
$42.7M
+58.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$41,300,000
6.5%
$38,125,000
7%
$35,400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$26,980,000
Current use
OFFICE BUILDING
$48,650,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$45,960,000
Change: +70% · Conversion: Easy
RETAIL STORES
$42,670,000
Change: +58% · Conversion: Moderate
COMMERCIAL (GENERAL)
$38,240,000
Change: +42% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$31,415,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$33.08M
Range $29.77M – $36.38M · ±10% · vs last sale $42.00M (Oct 22 2021)
Last sale anchor
$42.00M
Oct 22 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
$172 / 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
$135,426
Tax year 2024
Assessed value
$5,315,000
Assessed 2024
Previous assessed
$4,802,700
+10.7% YoY
Effective rate
2.55%
On assessed value
Assessed land
$1,038,800
Assessed improvement
$4,276,200
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
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
191,860 SF
Lot
4.38 ac (190,793 SF)
Zoning code
ID2
APN
ANDO M:00203 B:00003 L:00000
UPID
US38-0841824
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
$27.0M
OFFICE BUILDING
Est. value
$48.7M
AUTO REPAIR, GARAGE
Est. value
$46.0M
RETAIL STORES
Est. value
$42.7M
COMMERCIAL (GENERAL)
Est. value
$38.2M
INDUSTRIAL (GENERAL)
Est. value
$31.4M
WAREHOUSE, STORAGE Current
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
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
4.38 ac
Current owner
From public records · entity-resolved
Bpp Partners Industrial
Entity
Mailing address
PO BOX 2980, CHICAGO, IL 60690-2980
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
$42,000,000
Bpp Partners Industrial
P8&oliver 150 Dascomb LLC
Quit Claim Arm's Length For Ne States
$126,000,000 · Areeif Lender LLC
Oct 22, 2018
$21,300,000
P8 Oliver 150 Dascomb
Icp Construction INC
Quit Claim Arm's Length For Ne States
$14,500,000 · Salem Five Cents Savings Bank
Dec 3, 2013
—
California Products Corp
—
Deed Of Trust
related
$27,500 · Medley Sbic LP
Dec 2, 2013
—
California Products Corp
—
Deed Of Trust
related
$27,500,000 · Medley Sbic LP
Apr 17, 2012
—
California Products Corp
—
Deed Of Trust
related
$45,000 · Zions First National Bank
Nov 8, 2007
—
California Products Corp
—
Deed Of Trust
related
$45,000,000 · Worth Funding INC
Apr 25, 2001
$9,593,469
California Products
Mit
Grant Deed
$25,000,000 · Fleet Capital Corp
Jun 28, 2000
—
Mit
—
Deed Of Trust
related
$5,650,000 · Fleet Capital Corp
Sep 29, 1999
$1,171,345
Mit
Sebago Andover RT
Grant Deed
—
—
—
California Products Corp
—
Deed Of Trust
related
$159,000,000 · Nxt Cap
—
—
California Products Corp
—
Deed Of Trust
related
$159,000,000 · Nxt Cap
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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