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Property profile & analytics
FOR LEASE
Manufacturing properties
300 Federal St, Andover, MA 01810
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0170995
For Lease
Contact for pricing
300 Federal St, Andover, MA 01810
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Construction
STEEL FRAME
Total area
93,258 SF
Lot
11.49 ac (500,504 SF)
Zoning code
ID
APN
ANDO M:00144 B:00003 L:00000
UPID
US38-0170995
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
-
Injured Workers Pharmacy LLC Pharmacy
-
Skyworks Electronics & Wireless Store
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
300 600 Federal Hldg LLC · 4 yrs held
300 600 Federal Hldg LLC
since 2021
Last sale
$28.4M
7 recorded transactions
Zoning & alternative use
ID · 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
$264,273
Tax year 2024
Assessed value
$10,371,800
Assessed 2024
Previous assessed
$8,785,100
+18.1% YoY
Effective rate
2.55%
On assessed value
Assessed land
$3,076,000
Assessed improvement
$7,295,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
93,258 SF
Lot
11.49 ac (500,504 SF)
Zoning code
ID
APN
ANDO M:00144 B:00003 L:00000
UPID
US38-0170995
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
ID · Andover, MA
Zoning ID · permitted uses
ID · 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
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
11.49 ac
Current owner
From public records · entity-resolved
300 600 Federal Hldg LLC
Entity
Mailing address
10 POST OFC SQ STE #800, BOSTON, MA 02109-4603
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2021
$28,350,000
300 600 Federal Hldg LLC
Gcp Andover LLC
Quit Claim Arm's Length For Ne States
$35,320,000 · Oceanfirst Bank
Oct 2, 2020
—
Gcp Andover LLC
—
Deed
related
$1,052,713 · Boston Private Bank & Trust Company
May 1, 2013
$6,165,000
Gcp Andover LLC
Jupiter Real Estate LLC
Quit Claim Deed
$6,670,000 · Northway Bank
Jan 13, 2012
—
Jupiter Re LLC
—
Deed Of Trust
related
$3,500,000 · Peoples Bank
Dec 24, 2009
—
Jupiter Re LLC
—
Deed Of Trust
related
$1,600,000 · Danvers Savings Bank
Dec 16, 2009
$2,000,000
Jupiter Re LLC
300 Federal St Prop LLC
Grant Deed
—
Sep 4, 2009
$7,933,053
300 Federal Prop LLC
300 Federal Street LLC
Grant Deed
—
Jun 6, 2006
$8,300,000
300 Federal Street LLC
Andover Park RT
Deed
$9,999,999 · Ubs Re Inv INC
Jun 6, 2006
$1
Federal St. Owners Assoc
Andover Park RT
Grant Deed
related
—
May 3, 1995
$434,500
Andover Park RT
Anpar Corp
Grant Deed
—
Dec 16, 1993
$1,947,000
Anper Corp
Andover Park RT
Grant Deed
$434,500 · Zenon Grzybowski
Sep 14, 1992
—
Andover Park RT
—
Deed Of Trust
related
$1,500,000 · Vicor Corp
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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