New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Life science properties
366 Lowell St, Andover, MA 01810
Entity Owned
8-yr Hold
Free & Clear
Property ID
US38-1105231
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1984
Construction
STEEL FRAME
Total area
112,330 SF
Lot
17.06 ac (743,134 SF)
Zoning code
IA
APN
ANDO M:00155 B:00001 L:00000
UPID
US38-1105231
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Raytheon Co · 8 yrs held
Raytheon Co
since 2017
7 recorded transactions
Zoning & alternative use
IA · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$2,105,000
Current use
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±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
$17 / 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
$433,922
Tax year 2024
Assessed value
$17,029,900
Assessed 2024
Previous assessed
$15,140,200
+12.5% YoY
Effective rate
2.55%
On assessed value
Assessed land
$3,473,400
Assessed improvement
$13,556,500
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
19
Total area
112,330 SF
Lot
17.06 ac (743,134 SF)
Zoning code
IA
APN
ANDO M:00155 B:00001 L:00000
UPID
US38-1105231
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
IA · Andover, MA
Zoning IA · permitted uses
IA · 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.
Alternative use value scenarios
Repositioning upside vs current use
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$2.1M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
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
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
19
Lot
17.06 ac
Current owner
From public records · entity-resolved
Raytheon Co
Entity
Free & Clear · 8 yrs held
Mailing address
870 WINTER ST, WALTHAM, MA 02451-1449
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2017
$8,150,000
Raytheon Co
Us Bank NA
Quit Claim Deed
—
Aug 16, 2017
$8,200,000
Us Bank NA Tr
Us Bank NA|direct Invest 60 Frontage
Foreclosure
related
—
Oct 18, 2006
$879,964
Direct Invest-60 Frontage
Direct Invest 60 Frontage
Grant Deed
—
Jul 28, 2006
$248,452
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$399,975
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$1
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$125,031
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$124,942
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$447,500
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$179,984
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$329,181
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$190,008
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$710,003
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$272,527
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$478,825
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$583,987
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
Jul 28, 2006
$1,565,176
Direct Invest 60 Fron LLC
Direct Invest 60 Fron LLC
Grant Deed
related
—
May 30, 2006
$1,022,537
Direct Invest-60 Fron LLC
Direct Invest-60 Fron LLC
Grant Deed
related
—
Dec 30, 2005
$20,326,250
60 Frontage LLC
Dynamics Research Corp
Grant Deed
$14,500,000 · Citigroup Global Markets
Feb 5, 1993
—
Dynamics Research Corp
—
Deed Of Trust
related
$6,000,000 · Zions First National 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 366 Lowell 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.
