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Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Hotels
4 Riverside Dr Andover, MA 01810-1121
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US38-0584500
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Construction
FRAME
Total area
62,469 SF
Lot
3.86 ac (168,142 SF)
Zoning code
IA
APN
ANDO M:00125 B:00006 L:00000
UPID
US38-0584500
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
-
Homewood Suites by Hilton Boston / Andover Hotel & Motel Vacation Rental
-
china blossom Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$1.73M
Owner & transaction history
Bayshore LLC · 21 yrs held
Bayshore LLC
since 2004
6 recorded transactions
Zoning & alternative use
IA · Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide industrial uses
Zone name
Industrial A Zoning District
General category
INDUSTRIAL
Zone area
973.22 ac
Source
Realmo
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
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±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
$28 / 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
$146,859
Tax year 2024
Assessed value
$5,763,700
Assessed 2024
Previous assessed
$5,476,800
+5.2% YoY
Effective rate
2.55%
On assessed value
Assessed land
$1,897,700
Assessed improvement
$3,866,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
84
Rooms
84
Bathrooms
84
Total area
62,469 SF
Lot
3.86 ac (168,142 SF)
Zoning code
IA
APN
ANDO M:00125 B:00006 L:00000
UPID
US38-0584500
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
IA · Andover, MAZoning IA · permitted uses
IA · Andover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide industrial uses
Zone name
Industrial A Zoning District
General category
INDUSTRIAL
Zone area
973.22 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
84
Rooms
84
Bathrooms
84
Lot
3.86 ac
Current owner
From public records · entity-resolved
Bayshore LLC
Entity
Mailing address
4 RIVERSIDE DR, ANDOVER, MA 01810-1121
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2025
—
Bayshore LLC
—
Deed
related
$7,200,000 · Everett Cooperative Bank
Jan 19, 2007
—
Bayshore LLC
—
Deed Of Trust
related
$2,400,000 · Northern Bank & Trust
Sep 1, 2004
$4,500,000
Bayshore LLC
Andover Hotel LLC
Grant Deed
$2,374,800 · City Lending Services
Sep 1, 2004
—
Bayshore LLC
—
Deed Of Trust
related
$1,300,000 · Bay Colony Dev Corp
Aug 3, 1999
—
Andover Hotel LLC
—
Deed Of Trust
related
$5,600,000 · Constellation Lending
Dec 29, 1995
$315,000
Andover Park Dev Ltd
National Capital Prop
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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