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Property profile & analytics
OFF-MARKET
Estimated value
$53,695,000
Office buildings
1600 Osgood St, North Andover, MA 01845-1048
Entity Owned
18-yr Hold
Free & Clear
Property ID
US38-1858117
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Total area
260,720 SF
Lot
57.68 ac (2,512,541 SF)
Zoning code
I2
APN
NAND M:00034 B:00017 L:00000
UPID
US38-1858117
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
-
E-trolZ Medical Clinic
-
Osgood Landing Real Estate Agency
-
A Niche For Stitch Production Facility Textile Manufacturer
-
Kemm Care Employment Agency
-
Massachusetts Innovation Works Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$42.13M
Blend (final)
Blend
$53.70M
Owner & transaction history
1600 Osgood Street LLC · 18 yrs held
1600 Osgood Street LLC
since 2008
3 recorded transactions
Zoning & alternative use
I2 · North Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$83.4M
+42.9%
Commercial (general)
$70.3M
+20.5%
Auto repair, garage
$62.5M
+7.1%
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 North Andover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$58,335,000
Current use
APARTMENT HOUSE (5+ UNITS)
$83,365,000
Change: +43% · Conversion: Easy
COMMERCIAL (GENERAL)
$70,290,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$62,455,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$57,985,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$53.70M
Range $48.33M – $59.06M · ±10%
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
$475,895
Tax year 2024
Assessed value
$30,506,100
Assessed 2024
Previous assessed
$30,506,100
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$13,658,800
Assessed improvement
$16,847,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Total area
260,720 SF
Lot
57.68 ac (2,512,541 SF)
Zoning code
I2
APN
NAND M:00034 B:00017 L:00000
UPID
US38-1858117
Jurisdiction
NORTH ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I2 · North Andover, MA
Zoning I2 · permitted uses
I2 · North Andover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Andover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$58.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$83.4M
COMMERCIAL (GENERAL)
Est. value
$70.3M
AUTO REPAIR, GARAGE
Est. value
$62.5M
RETAIL STORES
Est. value
$58.0M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1955
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Lot
57.68 ac
Current owner
From public records · entity-resolved
1600 Osgood Street LLC
Entity
Free & Clear · 18 yrs held
Mailing address
1600 OSGOOD ST, NORTH ANDOVER, MA 01845-1048
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2008
$1
1600 Osgood Street LLC
Osgood Landing LLC
Grant Deed
—
Jan 16, 2007
$1
Osgood Landing LLC
1600 Osgood Street LLC
Grant Deed
—
Mar 7, 1996
$45,462,300
Ns Mpg INC
At&t Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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