New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Showrooms
314 Clark St, North Andover, MA 01845-1020
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-1698687
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1962
Construction
STEEL FRAME
Total area
5,220 SF
Lot
1.16 ac (50,530 SF)
Zoning code
I2
APN
NAND M:00077 B:00012 L:00000
UPID
US38-1698687
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
-
Northeast Landscape Contractors Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.37M
Owner & transaction history
Mbd Realty LLC · 7 yrs held
Mbd Realty LLC
since 2019
7 recorded transactions
Zoning & alternative use
I2 · North Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+28.0%
Apartment house (5+ units)
$1.7M
+18.6%
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%
$1,760,000
6.5%
$1,625,000
7%
$1,510,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,405,000
Current use
RESTAURANT
$1,800,000
Change: +28% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,670,000
Change: +19% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,250,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$1,170,000
Change: -17% · Conversion: Easy
RETAIL STORES
$1,160,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±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
$261 / 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
$15,410
Tax year 2024
Assessed value
$987,800
Assessed 2024
Previous assessed
$987,800
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$317,700
Assessed improvement
$670,100
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1962
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
5,220 SF
Lot
1.16 ac (50,530 SF)
Zoning code
I2
APN
NAND M:00077 B:00012 L:00000
UPID
US38-1698687
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Mbd Realty LLC
Entity
Mailing address
314 CLARK ST, NORTH ANDOVER, MA 01845-1020
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Jul 14, 2023
—
Mbd Realty LLC
—
Deed
related
$165,000 · Pentucket Bank
Mar 14, 2019
$970,000
Mbd Realty LLC
Clark Street LLC
Quit Claim Arm's Length For Ne States
$1,656,000 · Atlantic Capital Bank
Aug 18, 2011
—
Clark Street LLC
—
Deed Of Trust
related
$440,000 · Sovereign Bank
Mar 2, 2011
—
Clark Street LLC
—
Deed Of Trust
related
$75,000 · Arthur M Brussard
Mar 4, 2008
$1
Clark Street LLC
Lee Family RT
Grant Deed
—
Jun 1, 2005
—
Lee Ft
—
Deed Of Trust
related
$323,000 · Fleet National Bank
Jun 1, 2005
$1
Lee Ft
Lee,norman V
Grant Deed
related
—
Oct 23, 2001
$510,000
Norman V Lee
Miele RT
Grant Deed
$220,000 · Zenon Grzybowski
Oct 23, 2001
—
Norman V Lee
—
Deed Of Trust
related
$150,000 · Zenon Grzybowski
May 16, 1997
—
RT Miele
—
Deed Of Trust
related
$125,000 · First Essex Savings Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 314 Clark St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
