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Financial
Distress signals
Property profile

40 Shattuck Rd Andover, MA 01810

FOR LEASE
Industrial properties
Property ID
US38-0492498
125,896 SF 9.41 ac lot Built 2000
Last sale Jun 2017 · $12,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This prestigious Class A office building, located at 40 Shattuck Rd in Andover, MA (Essex County, zip code 01810), offers 120,000 square feet of prime executive office space. Built in 2001, the property currently has 66,260 square feet of vacant space available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 2,317 square feet to a maximum contiguous space of 20,696 square feet. Seven individual suites are currently available. This exceptional Andover…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$395k
Tax billed · 2024
Assessed value$15.49M
Assessed land$2.88M
Assessed improvement$12.60M
Effective rate2.55%

Value estimate

· Oct 2026
$12.49M
$11.24M – $13.73M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$164/SF
County average, outlier-cleaned · 211 recorded sales of this use type
Observed band · Q1–Q3$100 – $254

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ID
INDUSTRIAL D DISTRICT (ID). 8.1.1 General. All development in an Industrial D District shall be subject to the following, unless a specia...
General categoryINDUSTRIAL
JurisdictionANDOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply11.8
Spa & Massage10.7
Dental Office10.4

Location

40 Shattuck Rd Andover, MA 01810
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
100 Riv, Andover, MA 01810-1030 $20,000,000 Jan 2026 121,615 SF
150 Minuteman, Andover, MA 01810-1031 $26,400,000 Dec 2024 114,785 SF
6 Tech, Andover, MA 01810-2434 $23,780,000 Jul 2023 127,448 SF
44 Lowell Jct, Andover, MA 01810-5916 $68,889,270 Sep 2022 140,160 SF
600 Federal, Andover, MA 01810-1064 $28,350,000 Sep 2021 109,882 SF
160 Dascomb, Andover, MA 01810-0044 $40,400,000 Jun 2021 120,682 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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