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Property profile & analytics
OFF-MARKET
Super regional malls
36 Park St 42 Andover, MA 01810-3616
Individually Owned
33-yr Hold
~
Est. High Equity
Property ID
US38-1901338
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1965
Construction
STEEL FRAME
Total area
6,897 SF
Lot
0.55 ac (23,871 SF)
Zoning code
GB
APN
ANDO M:00039 B:00008 L:00000
UPID
US38-1901338
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
-
Indulge India Fusion Eatery Catering Service Take-out & Catering
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
Ming Tat Kiu · 33 yrs held
Ming Tat Kiu
since 1993
7 recorded transactions
Zoning & alternative use
GB · 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
$44,567
Tax year 2024
Assessed value
$1,749,100
Assessed 2024
Previous assessed
$1,622,900
+7.8% YoY
Effective rate
2.55%
On assessed value
Assessed land
$824,000
Assessed improvement
$925,100
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Bathrooms
7
Total area
6,897 SF
Lot
0.55 ac (23,871 SF)
Zoning code
GB
APN
ANDO M:00039 B:00008 L:00000
UPID
US38-1901338
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GB · Andover, MA
Zoning GB · permitted uses
GB · 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
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Bathrooms
7
Lot
0.55 ac
Current owner
From public records · entity-resolved
Ming Tat Kiu
Individual
Mailing address
32 MAMMOLA WAY, MEDFORD, MA 02155-2051
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
—
Peking Gdn Of Andover RT
—
Deed
related
$715,000 · Enterprise Bank & Trust Co
Dec 30, 2020
—
Peking Gdn
—
Deed
related
$1,000,000 · Enterprise Bk
Aug 18, 2014
—
Peking Garden Andover RT
—
Grant Deed
related
$250,000 · First Commons Bk
Jan 23, 2004
—
Peking Garden Of Andover
—
Deed Of Trust
related
$800,000 · Emigrant Funding Corp
Jul 25, 1995
—
Tat Ming Kiu
—
Deed Of Trust
related
$350,000 · Andover Bank
Jul 21, 1993
—
Mng Tat Kiu
—
Deed Of Trust
related
$60,000 · Ustrust/essex
Apr 8, 1993
$390,000
Ming Tat Kiu
Raftery,thomas
Grant Deed
$95,000 · Ustrust/essex
—
—
Peking Gdn
—
Deed Of Trust
related
$1,000,000 · Enterprise Bk
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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