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Financial
Distress signals
Property profile

1820 Turnpike St 106 North Andover, MA 01845

FOR LEASE
Retail space
Property ID
US38-0646285
19,803 SF 2.03 ac lot Built 2009
Last sale Oct 2018 · $5,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a second-floor commercial suite within an elevator-served, well-maintained building. The suite features an open-concept layout with a front-facing window line for natural light and includes vinyl plank flooring. It is configured with flexible interior space suitable for professional office use, creative or wellness-related operations, and design or showroom applications, with the ability to support both collaborative work areas and client-facing reception and/or private office elements depending on tenant needs.

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?
$62k
Tax billed · 2024
Assessed value$4.00M
Assessed land$708k
Assessed improvement$3.29M
Effective rate1.56%

Value estimate

· Oct 2026
$3.39M
$3.05M – $3.73M
Submarket $/SF estimate$2.80M
NOI build-up
Gross scheduled income$170k
Vacancy & credit loss−$14k
Operating expenses−$62k
NOI · 372,616.00% cap applied$93k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$222/SF
County average, outlier-cleaned · 252 recorded sales of this use type
Observed band · Q1–Q3$138 – $329
Qualifying comparables4

Cap rate analysis

How does the asset earn?
372,616.00%
$93k 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
JurisdictionNORTH ANDOVER

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 agency10.3
Auto Repair Shop9.5
Law Firm9.3

Location

1820 Turnpike St, Unit 106 North Andover, MA 01845
County assessor Recorded deeds · 4 transfers 4 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
45 Beechwood, North Andover, MA 01845-1066 $4,850,000 Jan 2025 30,855 SF
1620 Tpke, North Andover, MA 01845-6222 $2,800,000 Oct 2024 10,000 SF
1650 Tpke, North Andover, MA 01845-6222 $2,419,200 Oct 2024 8,640 SF
129 Main, North Andover, MA 01845-2421 $1,900,000 Mar 2023 6,000 SF
170 Pleasant, North Andover, MA 01845-2706 $1,200,000 Jan 2022 7,144 SF
701 Salem, North Andover, MA 01845-3153 $144,000 Feb 2019 15,644 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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