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Property profile & analytics
FOR LEASE
Retail space
1820 Turnpike St 200 North Andover, MA 01845
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0646285
For Lease
$2,950/Mo
1820 Turnpike St,Unit 200, North Andover, MA 01845
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Property summary
AI-generated overview
This exceptional 1,600 square foot executive office suite is ideally located at 1820 Turnpike Street, North Andover, MA 01845, near the intersection with Berry Street. Built in 2008, this single-tenant space within a two-story building offers a bright and functional layout, perfect for a variety of professional uses. Previously utilized as a salon, the space features front-to-back windows providing excellent natural light. A private office and a storage/break room with washer/dryer hookups are included. The property boasts central heating and air conditioning, and benefits from abundant parking with 60 spaces available. This gross lease opportunity requires the tenant to pay only utilities
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Total area
19,803 SF
Lot
2.03 ac (88,523 SF)
Zoning code
GB
APN
NAND M:00106 B:D0046 L:00000
UPID
US38-0646285
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
-
Dr. Alexa Shea Alternative Medicine Practice
-
Foresight Regulatory Strategies, Inc. Business Management Consultant
-
Snowtrition Association / Organization
-
Michael Scholz Physician
-
R J S Associates Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$3.39M
Owner & transaction history
1820 NA LLC · 7 yrs held
1820 NA LLC
since 2018
4 recorded transactions
Zoning & alternative use
GB · North Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.3M
+21.2%
Auto repair, garage
$4.7M
+7.7%
Office building
$4.4M
+0.6%
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
RETAIL STORES
$4,405,000
Current use
COMMERCIAL (GENERAL)
$5,340,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,745,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$4,430,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±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
$171 / 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
$62,345
Tax year 2024
Assessed value
$3,996,500
Assessed 2024
Previous assessed
$3,996,500
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$708,200
Assessed improvement
$3,288,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2009
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
10
Total area
19,803 SF
Lot
2.03 ac (88,523 SF)
Zoning code
GB
APN
NAND M:00106 B:D0046 L:00000
UPID
US38-0646285
Jurisdiction
NORTH ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GB · North Andover, MA
Zoning GB · permitted uses
GB · 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
RETAIL STORES Current
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
10
Lot
2.03 ac
Current owner
From public records · entity-resolved
1820 NA LLC
Entity
Mailing address
PO BOX 361, LYNNFIELD, MA 01940-0361
Ownership since
2018
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
Oct 1, 2018
$5,000,000
1820 NA LLC
Stonewall Place LLC
Quit Claim Deed
—
Sep 28, 2012
—
Stonewall Place LLC
—
Deed Of Trust
related
$3,330,000 · Georgetown Savings Bank
Nov 1, 2011
—
Stonewall Place LLC
—
Deed Of Trust
related
$250,000 · Francesco Fodera
Dec 30, 2010
—
Stonewall Place LLC
—
Deed Of Trust
related
$2,900,000 · Georgetown Savings Bank
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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