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Property profile & analytics
OFF-MARKET
Estimated value
$20,105,000
Industrial properties
351 Holt Rd, North Andover, MA 01845-1046
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-0568758
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1971
Total area
248,592 SF
Lot
27.74 ac (1,208,354 SF)
Zoning code
I2
APN
NAND M:00078 B:00002 L:00000
UPID
US38-0568758
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
-
LIFOAM Industries Warehouse & Storage
-
LifeMade Products LLC Industrial Manufacturer Production Facility
-
Dawson Logistics Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.11M
Owner & transaction history
Atlantic-n Andover Rea · 10 yrs held
Atlantic-n Andover Rea
since 2016
5 recorded transactions
Zoning & alternative use
I2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$81 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$265,125
Tax year 2020
Assessed value
$21,052,300
Assessed 2024
Previous assessed
$21,052,300
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$4,890,100
Assessed improvement
$16,162,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1971
Heating
SPACE
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
248,592 SF
Lot
27.74 ac (1,208,354 SF)
Zoning code
I2
APN
NAND M:00078 B:00002 L:00000
UPID
US38-0568758
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.
Building & site characteristics
From public records
Year built
1971
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
27.74 ac
Current owner
From public records · entity-resolved
Atlantic-n Andover Rea
Individual
Mailing address
205 NEWBURY ST, FRAMINGHAM, MA 01701-4581
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2016
$13,000,000
Atlantic-n Andover Rea
North Andover 2004 LLC
Quit Claim Arm's Length For Ne States
$8,500,000 · Middlesex Savings Bank
Dec 14, 2004
$8,916,653
North Andover 2004 LLC
D&l Andover Prop LLC
Grant Deed
—
Nov 20, 2003
—
D & L Andover Prop LLC
—
Deed Of Trust
related
$9,750,000 · Cib
Nov 1, 2000
$6,350,000
D Prop
Aep Industries INC
Grant Deed
—
Oct 17, 1996
$5,500,000
Aep Industries INC
Borden INC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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