Realmo Analytics

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Property profile

16 Haverhill St Andover, MA 01810

FOR LEASE
Office buildings
Property ID
US38-0307994
38,192 SF 1.4 ac lot Built 1900
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$89k
Tax billed · 2024
Assessed value$3.49M
Assessed land$437k
Assessed improvement$3.06M
Effective rate2.55%

Value estimate

· Oct 2026
$7.15M
$6.43M – $7.86M
Submarket $/SF estimate$6.85M
NOI build-up
Gross scheduled income$1.74M
Vacancy & credit loss−$322k
Operating expenses−$355k
NOI · 4,638,457.52% cap applied$1.06M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$254/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$179 – $308
Qualifying comparables3

Cap rate analysis

How does the asset earn?
4,638,457.52%
$1.06M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GB
The purpose of this district is to provide general commercial uses
General categoryCOMMERCIAL
JurisdictionANDOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.1
Wholesale Shop13.9
HVAC Service13.2

Location

16 Haverhill St Andover, MA 01810
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
138 Riv, Andover, MA 01810-1072 $3,862,500 Jan 2024 64,579 SF
50 Minuteman, Andover, MA 01810-1008 $34,220,000 Jul 2023 162,978 SF
300 Ballardvale, Andover, MA 01810-5929 $17,000,000 Oct 2022 109,370 SF
200 Minuteman, Andover, MA 01810-1047 $70,632,000 Jan 2022 196,152 SF
2 Tech, Andover, MA 01810-2489 $12,500,000 Jan 2020 105,902 SF
1 Tech, Andover, MA 01810-2453 $2,000,842 Sep 2019 90,557 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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