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Property profile & analytics
OFF-MARKET
Office buildings
300 High St, Andover, MA 01810-1512
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-1264936
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Construction
FRAME
Total area
1,332 SF
Lot
0.55 ac (23,827 SF)
Zoning code
OP
APN
ANDO M:00018 B:00104 L:00A10
UPID
US38-1264936
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
-
Mimno Law Law Firm
-
Erkan & Associates, LLC Law Firm
-
Severino Law Law Firm
-
Michael P Ruane Law Office Law Firm
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
Erkan RT · 13 yrs held
Erkan RT
since 2013
3 recorded transactions
Zoning & alternative use
OP · 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
$16,598
Tax year 2024
Assessed value
$651,400
Assessed 2024
Previous assessed
$594,100
+9.6% YoY
Effective rate
2.55%
On assessed value
Assessed land
$322,900
Assessed improvement
$328,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1910
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
6
Bathrooms
2
Total area
1,332 SF
Lot
0.55 ac (23,827 SF)
Zoning code
OP
APN
ANDO M:00018 B:00104 L:00A10
UPID
US38-1264936
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
OP · Andover, MA
Zoning OP · permitted uses
OP · 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
1910
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
6
Bathrooms
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Erkan RT
Individual
Mailing address
300 HIGH ST, ANDOVER, MA 01810-1512
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2013
$342,500
Erkan RT
Erc RT
Quit Claim Deed
$291,250 · Salem Five Cents Savings Bank
Jan 10, 2008
$357,500
Erc RT
Arthur J Broadhurst JR
Deed
$286,000 · Td Banknorth Mtg Grp
Apr 14, 2006
$225,000
Arthur J Broadhurst JR.
Lgh Health Ent INC
Grant Deed
$202,500 · Arthur J Broadhurst
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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