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Property profile & analytics
OFF-MARKET
Estimated value
$51,965,000
Commercial real estate
209 Main St, Andover, MA 01810-3116
Individually Owned
3-yr Hold
Free & Clear
Property ID
US38-1857033
Property summary
AI-generated overview
Shawsheen Plaza, located at 209 N Main St in Andover, MA 01810, offers exceptional retail space for lease. This Essex County property boasts a total of 4,000 square feet, currently entirely vacant and available for immediate occupancy. The space is divisible, with a minimum leasable area of 1,500 square feet and a maximum contiguous space of 2,500 square feet, providing flexibility for various business needs. Ideal for a single tenant seeking a larger space or multiple tenants looking for smaller, adjacent units. The property is classified as a storefront retail space within a multi-tenant building. Its prime location in Andover, Massachusetts offers excellent visibility and accessibility for customers. The property's address is easily identifiable and situated on a main thoroughfare, ensuring high foot traffic and potential for strong business growth. This is a unique opportunity to establish or expand your retail presence in a thriving Andover community. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
25.2 ac (1,097,712 SF)
Zoning code
MU
APN
ANDO M:00037 B:00007 L:00000
UPID
US38-1857033
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 Wallpaper Store Painting
-
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
$51.97M
Owner & transaction history
Exchangeright Essentialom · 3 yrs held
Exchangeright Essentialom
since 2023
Last sale
$53.5M
5 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
Method
Estimation
Statistic approach
$48,995,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$51.97M
Range $46.77M – $57.16M · ±10% · vs last sale $53.45M (Apr 16 2025)
Last sale anchor
$53.45M
Apr 16 2025
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
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$247,199
Tax year 2020
Assessed value
$14,141,100
Assessed 2024
Previous assessed
$12,901,600
+9.6% YoY
Effective rate
1.75%
On assessed value
Assessed land
$4,806,200
Assessed improvement
$9,334,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Units
7
Lot
25.2 ac (1,097,712 SF)
Zoning code
MU
APN
ANDO M:00037 B:00007 L:00000
UPID
US38-1857033
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
Cooling
Yes
Buildings
2
Units
7
Lot
25.2 ac
Current owner
From public records · entity-resolved
Exchangeright Essentialom
Individual
Free & Clear · 3 yrs held
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2023
—
Exchangeright Essentialom
Exchangeright Essentialom
Quit Claim Deed
related
—
Aug 19, 2021
$53,454,545
Exchangeright Essential
Guys Of Andover LLC
Quit Claim Arm's Length For Ne States
$85,000,000 · Ameris Bank
Dec 23, 2010
—
Guys Of Andover LLC
—
Deed Of Trust
related
$25,000,000 · Gary Needham
Sep 30, 2004
$1
Audesse Shawsheen LLC
A A Collins RT
Grant Deed
related
—
Oct 18, 1993
—
A Collins R T A
—
Deed Of Trust
related
$146,926 · Henry D Audesse
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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