Back to Search
Property profile & analytics
FOR LEASE
Parking lots & garages
209 N Main St Andover, MA 01810
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-0375009
For Lease
1 / 8
Contact for pricing
209 N Main St, Andover, MA 01810
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
1.16 ac (50,530 SF)
Zoning code
MU
APN
ANDO M:00037 B:00008 L:00000
UPID
US38-0375009
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
-
Taner Gulbas - Citizens, Home Mortgage Loan Service Bank
-
Karma in Andover Restaurant
-
Sherwin-Williams Paint Store Paint Store Paintings Store
-
Wendy Fraser Loan Service Bank
-
Dianna Maldonado Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Centercorp-taunton LLC · 1 yrs held
Centercorp-taunton LLC
since 2025
4 recorded transactions
Zoning & alternative use
MU · Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$24,295
Tax year 2024
Assessed value
$953,500
Assessed 2024
Previous assessed
$870,800
+9.5% YoY
Effective rate
2.55%
On assessed value
Assessed land
$921,800
Assessed improvement
$31,700
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
Parking lots & garages
Use group
PARKING LOT
Status
For Lease
Heating
NONE
Lot
1.16 ac (50,530 SF)
Zoning code
MU
APN
ANDO M:00037 B:00008 L:00000
UPID
US38-0375009
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
MU · Andover, MA
Zoning MU · permitted uses
MU · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
1.16 ac
Current owner
From public records · entity-resolved
Centercorp-taunton LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 16, 2025
—
Centercorp-taunton LLC
Exchangeright Essential I
Quitclaim Deed
related
—
Feb 7, 2023
—
Exchangeright Essentialom
Exchangeright Essentialom
Quitclaim Deed
related
$38,530,000 · Tiaa Cref Trust Co Fsb
Aug 19, 2021
$53,454,545
Exchangeright Essential
Guys Of Andover LLC
Deed
$85,000,000 · Ameris Bank
Sep 30, 2004
$1
Audesse Shawsheen LLC
A A Collins RT
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
