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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Turn key restaurants
435 Andover St North Andover, MA 01845-5001
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-1158398
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1993
Total area
6,858 SF
Lot
0.82 ac (35,562 SF)
Zoning code
GB
APN
NAND M:00024 B:00032 L:00000
UPID
US38-1158398
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
-
Bertucci's Italian Restaurant Restaurant
-
NASCAR Wings Restaurant
-
Pardon My Cheesesteak Restaurant
-
Creators' Kitchen as Seen on TikTok Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$735k
Owner & transaction history
Bertuccis Restaurant Corp · 13 yrs held
Bertuccis Restaurant Corp
since 2012
7 recorded transactions
Zoning & alternative use
GB · 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
Method
Estimation
Statistic approach
by Request
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$107 / 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
$27,433
Tax year 2024
Assessed value
$1,758,500
Assessed 2024
Previous assessed
$1,758,500
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$457,200
Assessed improvement
$1,301,300
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
6,858 SF
Lot
0.82 ac (35,562 SF)
Zoning code
GB
APN
NAND M:00024 B:00032 L:00000
UPID
US38-1158398
Jurisdiction
NORTH ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GB · North Andover, MA
Zoning GB · permitted uses
GB · 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
1993
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Bertuccis Restaurant Corp
Entity
Mailing address
PO BOX 155, NORTH ANDOVER, MA 01845-0155
Ownership since
2012
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 1, 2012
—
Bertuccis Restaurant Corp
—
Deed Of Trust
related
$1 · Fortress Credit Corp
May 18, 2012
—
Thompsons Restaurant INC
—
Deed Of Trust
related
$5,000 · Enterprise Bank & Trust
Apr 14, 2006
—
Thompsons Restaurant INC
—
Deed Of Trust
related
$100,000 · Banknorth NA
May 29, 2002
—
Thompson Restr INC
—
Deed Of Trust
related
$1,300,000 · Bancnorth Mortgage Co
Oct 27, 1993
—
Thompsons Restaurant
—
Deed Of Trust
related
$1,150,000 · Andover Bank
Aug 17, 1988
—
Thompsons Restaurant
—
Deed Of Trust
related
$230,000 · Zwi Kohorn
Jul 13, 1988
—
Thompsons Restaurant
—
Deed Of Trust
related
$750,000 · First Essex Savings Bank
Jun 13, 1988
—
Thompsons Restaurant
—
Deed Of Trust
related
$132,000 · Zwi Kohorn
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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