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Property profile & analytics
FOR LEASE
Industrial properties
3000 Minuteman Rd, Andover, MA 01810
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-1689294
For Lease
Contact for pricing
3000 Minuteman Rd, Andover, MA 01810
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
309.16 ac (13,467,010 SF)
Zoning code
ID2
APN
ANDO M:00187 B:00004 L:00000
UPID
US38-1689294
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
-
Building 4 Apartment Building
-
Building 1 Apartment Building
-
Philips Company Building 2 Corporate Office
-
First Tech Federal Credit Union Financial Advisor
-
The Campus University
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$174.28M
Owner & transaction history
Are Ma Region 93 LLC · 4 yrs held
Are Ma Region 93 LLC
since 2021
Last sale
$160.0M
3 recorded transactions
Zoning & alternative use
ID2 · 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
Method
Estimation
Statistic approach
$202,825,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$174.28M
Range $156.85M – $191.70M · ±10% · vs last sale $160.00M (Dec 15 2021)
Last sale anchor
$160.00M
Dec 15 2021
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
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$1,479,966
Tax year 2020
Assessed value
$66,351,300
Assessed 2024
Previous assessed
$58,526,100
+13.4% YoY
Effective rate
2.23%
On assessed value
Assessed land
$23,533,800
Assessed improvement
$42,817,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Heating
NONE
Cooling
YES
Buildings
5
Units
5
Lot
309.16 ac (13,467,010 SF)
Zoning code
ID2
APN
ANDO M:00187 B:00004 L:00000
UPID
US38-1689294
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
ID2 · Andover, MA
Zoning ID2 · permitted uses
ID2 · 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
Heating
NONE
Cooling
Yes
Buildings
5
Units
5
Lot
309.16 ac
Current owner
From public records · entity-resolved
Are Ma Region 93 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
26 N EUCLID AVE, PASADENA, CA 91101-1961
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$160,000,000
Are Ma Region 93 LLC
Atlantic Minuteman Rlty
Quit Claim Arm's Length For Ne States
—
Aug 25, 2021
$32,000,000
Are Ma Region No 93 Hldg
Atlantic Minuteman Rlty
Quit Claim Arm's Length For Ne States
$33,000,000 · Arema Region No 93 Ll
Apr 8, 2019
$36,000,000
Atlantic-minuteman Realty
Philips N America LLC
Quit Claim Deed
$25,200,000 · 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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