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Property profile & analytics
OFF-MARKET
Estimated value
$12,610,000
Manufacturing properties
25 Commerce Way, North Andover, MA 01845-1002
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-1466537
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1999
Total area
165,518 SF
Lot
16.2 ac (705,672 SF)
Zoning code
I2
APN
NAND M:00035 B:00014 L:00000
UPID
US38-1466537
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
-
ECRM Imaging Systems Factory Production Facility
-
6K Inc. Corporate Office
-
OSI Electronics Electronics & Wireless Store
-
Harmony Bay Coffee Department Store
-
Comfort Foods Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.63M
Blend (final)
Blend
$12.61M
Owner & transaction history
Icbp 4 Hldgs 26 LLC · 7 yrs held
Icbp 4 Hldgs 26 LLC
since 2018
7 recorded transactions
Zoning & alternative use
I2 · North 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 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
Blend value · Realmo final
$12.61M
Range $11.35M – $13.87M · ±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
$76 / 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
$166,879
Tax year 2024
Assessed value
$10,697,400
Assessed 2024
Previous assessed
$10,697,400
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$3,161,800
Assessed improvement
$7,535,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1999
Heating
SPACE
Buildings
1
Stories
1
Units
1
Total area
165,518 SF
Lot
16.2 ac (705,672 SF)
Zoning code
I2
APN
NAND M:00035 B:00014 L:00000
UPID
US38-1466537
Jurisdiction
NORTH ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I2 · North Andover, MA
Zoning I2 · permitted uses
I2 · 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.
Building & site characteristics
From public records
Year built
1999
Heating
SPACE
Stories
1
Buildings
1
Units
1
Lot
16.2 ac
Current owner
From public records · entity-resolved
Icbp 4 Hldgs 26 LLC
Entity
Mailing address
1 SANSOME ST STE #1500, SAN FRANCISCO, CA 94104-4449
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
—
Icbp 4 Holdings 26 LLC
—
Deed
related
—
Dec 31, 2018
—
Icbp IV Hldgs 26 LLC
—
Deed
related
$9,620,000 · Miscellaneous Ins Co
Oct 25, 2018
$14,800,000
Icbp 4 Hldgs 26 LLC
25 Comm Nam LLC
Quit Claim Deed
—
Jun 24, 2016
—
25 Comm Nam LLC
—
Deed
related
$6,850,000 · Salem Five Cents Savings Bank
Dec 17, 2013
$7,600,000
25 Comm Nam LLC
1 Clark St North Ando LLC
Quit Claim Deed
$6,800,000 · Shem Creek North Andover LLC
Feb 19, 2010
—
Clark St. North Andover
—
Deed Of Trust
related
$7,850,000 · Salem Five Cents Savings Bank
Aug 20, 2001
$300,000
Vincent Grasso
1 Clark St N Andover L
Grant Deed
$225,000 · Andover Bank
Jul 31, 1998
$2,950,000
Clark St. No Andover
Aep Industries INC
Grant Deed
$5,250,000 · Zuckerman Family Nomi
Oct 17, 1996
$3,000,000
Aep Industries INC
Borden INC
Grant Deed
—
—
—
Icbp IV Hldgs 26 LLC
—
Deed Of Trust
related
$9,620,000 · Miscellaneous Ins Co
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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