$50,000 426 SF

231 Sutton St,Unit 2L, North Andover, MA 01845
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This property is a professional office space located in an office park near major highways, Routes 495 and 93, and close to the New Hampshire border. It was previously used as a training room and is configured for flexible occupancy, with the layout suited for uses such as client meetings or classroom-style arrangements. The setting is within a business-oriented office park environment with established access to the nearby highway corridors.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?

$936

Tax billed · 2024

Assessed value$60k

Assessed improvement$60k

Effective rate1.56%

Value estimate

· Oct 2026

$170k

$153k – $187k

NOI build-up

Gross scheduled income$19k

Vacancy & credit loss−$4k

Operating expenses−$4k

NOI · 23.75% cap applied$12k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?

$224/SF

ZIP average, outlier-cleaned · 53 recorded sales of this use type

Observed band · Q1–Q3$146 – $418

Qualifying comparables3

Cap rate analysis

How does the asset earn?

23.75%

$12k 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?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNORTH ANDOVER

Location intelligence

Which uses thrive at this corner?

Best fit: Parking Facility

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Parking Facility10.8

Furniture Store9.3

Grocery Store9.1

231 Sutton St, Unit 2L North Andover, MA 01845

County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog · not on file

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 · 18 properties nearby

Address Sale price Sold Size

807 Tpke, North Andover, MA 01845-6131 $155,000 Mar 2025 540 SF

809 Tpke, North Andover, MA 01845-6132 $90,000 May 2023 540 SF

795 Tpke, North Andover, MA 01845-6128 $413,000 Mar 2022 540 SF

799 Tpke, North Andover, MA 01845-6130 $130,000 Sep 2021 540 SF

867 Tpke St, North Andover, MA 01845-6142 $80,000 Jul 2021 550 SF

797 Tpke, North Andover, MA 01845-6168 $420,000 Jun 2019 540 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

Value Estimation
$215,000

540 SF

793 Tpke St, Unit 104

CONDOMINIUM OFFICES

793 Tpke St, North Andover, MA 01845-6170

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Value Estimation
$155,000

540 SF

799 Tpke St, Unit 201

CONDOMINIUM OFFICES

799 Tpke St, North Andover, MA 01845-6130

View Details
Value Estimation
$215,000

540 SF

791 Tpke St, Unit 104

CONDOMINIUM OFFICES

791 Tpke St, North Andover, MA 01845-6168

View Details
Value Estimation
$275,000

867 SF

575 Tpke St Ste, Unit 26

CONDOMINIUM OFFICES

575 Tpke St Ste, North Andover, MA 01845-5937

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Value Estimation
$360,000

1,072 SF

146 Main St, Unit 1

CONDOMINIUM OFFICES

146 Main St, North Andover, MA 01845-2486

View Details
Value Estimation
$310,000

1,080 SF

807 Tpke St, Unit 102

CONDOMINIUM OFFICES

807 Tpke St, North Andover, MA 01845-6131

View Details

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231 Sutton St 2L North Andover, MA 01845

Property summary