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Property profile & analytics
FOR LEASE
Office buildings
30 Massachusetts Ave, North Andover, MA 01845
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-0897407
For Lease
1 / 3
$300/Mo
30 Massachusetts Ave, North Andover, MA 01845
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
44,699 SF
Lot
1.12 ac (48,787 SF)
Zoning code
GB
APN
NAND M:00002 B:00005 L:00000
UPID
US38-0897407
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
-
Frank and Son Leading Edge General Contractor Construction Company General Contractor
-
ProConnections, Inc. Industrial Manufacturer Production Facility
-
FedEx Drop Box Postal Service Courier Service
-
Licciardello Financial Sevices / Compass Capital Corporation Financial Advisor
-
M&T Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.51M
Blend (final)
Blend
$5.05M
Owner & transaction history
Discovery Bay Hldgs Ll · 13 yrs held
Discovery Bay Hldgs Ll
since 2013
6 recorded transactions
Zoning & alternative use
GB · 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
$5.05M
Range $4.54M – $5.55M · ±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
$113 / 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
$66,462
Tax year 2024
Assessed value
$4,260,400
Assessed 2024
Previous assessed
$4,260,400
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$536,700
Assessed improvement
$3,723,700
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
16
Total area
44,699 SF
Lot
1.12 ac (48,787 SF)
Zoning code
GB
APN
NAND M:00002 B:00005 L:00000
UPID
US38-0897407
Jurisdiction
NORTH ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GB · North Andover, MA
Zoning GB · permitted uses
GB · 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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
16
Lot
1.12 ac
Current owner
From public records · entity-resolved
Discovery Bay Hldgs Ll
Individual
Mailing address
30 MASSACHUSETTS AVE, NORTH ANDOVER, MA 01845-3458
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2013
$2,500,000
Discovery Bay Hldgs Ll
Spruce Wood RT
Quit Claim Arm's Length For Ne States
$2,000,000 · Bank Of New England NA
May 21, 2003
—
Claude M Turgeon
—
Deed Of Trust
related
$70,000 · Lawrence Savings Bank
Feb 11, 2003
—
Brian R Gilman
—
Deed Of Trust
related
$100,000 · Lawrence Savings Bank
Dec 14, 2001
—
David J Kelly SR.
—
Deed Of Trust
related
$80,000 · Lawrence Savings Bank
Mar 6, 1992
$114,620
Spruce INC
Marks,james E
Grant Deed
—
—
—
Discovery Bay Holdings
—
Deed Of Trust
related
$750,000 · Bank Of New England
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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