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Property profile & analytics
OFF-MARKET
Warehouses
44 Lowell Jct Rd Andover, MA 01810-5916
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1808646
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
140,160 SF
Lot
10.74 ac (467,834 SF)
Zoning code
IA
APN
ANDO M:00159 B:00013 L:00000
UPID
US38-1808646
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
-
Designed Acrylics - Precision Plastics Inc Factory Production Facility
-
Mis Lugares Faboritos Corporate Office
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
Allegra Andover LLC · 3 yrs held
Allegra Andover LLC
since 2022
Last sale
$68.9M
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
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
$254,048
Tax year 2024
Assessed value
$9,970,500
Assessed 2024
Previous assessed
$8,897,700
+12.1% YoY
Effective rate
2.55%
On assessed value
Assessed land
$3,413,300
Assessed improvement
$6,557,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Bathrooms
6
Total area
140,160 SF
Lot
10.74 ac (467,834 SF)
Zoning code
IA
APN
ANDO M:00159 B:00013 L:00000
UPID
US38-1808646
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.
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Bathrooms
6
Lot
10.74 ac
Current owner
From public records · entity-resolved
Allegra Andover LLC
Entity
Mailing address
1111 BRICKELL AVE STE #2175, MIAMI, FL 33131-3162
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$68,889,270
Allegra Andover LLC
44 Lowell Owner LLC
Quit Claim Arm's Length For Ne States
—
Dec 10, 2021
$35,000,000
44 Lowell Owner LLC
44 Ljr LLC
Quit Claim Arm's Length For Ne States
—
Aug 17, 2017
—
44 Ljr LLC
—
Deed
related
$550,000 · Enterprise Bk
Sep 19, 2014
$6,025,000
404 Ljr LLC
Taurus Andover LP
Quit Claim Arm's Length For Ne States
$1,250,000 · Rbs Citizens NA
Sep 21, 2012
—
Taurus Andover LP
—
Deed Of Trust
related
$11,575,400 · Webster Bank
Jan 4, 2012
—
Taurus Andover LP
—
Deed Of Trust
related
$4,618,524 · Webster Bank
Dec 16, 2004
$8,000,000
Taurus Andover LP
44 Lowell Junction Rd RT
Grant Deed
$11,575,400 · Webster Bank
Oct 27, 2004
—
Lowell Junction Rd RT 44
—
Deed Of Trust
related
$5,000,000 · Fleet National Bank
Dec 16, 1998
—
44 Lowell Junction
—
Deed Of Trust
related
$4,000,000 · Liberty Mortgage Co INC
Mar 6, 1998
$10,000
Lti 44 INC
44 Lowell Junction Rd
Grant Deed
—
Mar 6, 1998
$2,400,000
44 Lowell Junction LLC
44 Lowell Junct Rd RT
Grant Deed
related
$4,000,000 · Mugar Family 95 Inv P
—
—
44 Ljr LLC
—
Deed Of Trust
related
$3,893,681 · Enterprise Bk
—
—
44 Ljr LLC
—
Deed Of Trust
related
$550,000 · 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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