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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Specialty properties
452 Lowell St, Andover, MA 01810-5305
Entity Owned
2-yr Hold
Property ID
US38-2474369
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1972
Construction
STEEL FRAME
Total area
2,762 SF
Lot
2 ac (87,120 SF)
Zoning code
SRC
APN
ANDO M:00197 B:00011 L:0000B
UPID
US38-2474369
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
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$685k
Owner & transaction history
1973 Stocking LLC · 2 yrs held
1973 Stocking LLC
since 2023
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
SRC · Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$700,000
+15.8%
Auto repair, garage
$660,000
+9.4%
Retail stores
$615,000
+1.5%
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
$685,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$605,000
Current use
OFFICE BUILDING
$700,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$615,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$550,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $700k (Aug 2 2023)
Last sale anchor
$700k
Aug 2 2023
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
$248 / 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
Assessed value
$766,600
Assessed 2024
Previous assessed
$711,400
+7.8% YoY
Assessed land
$439,800
Assessed improvement
$326,800
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Rooms
8
Bathrooms
3
Total area
2,762 SF
Lot
2 ac (87,120 SF)
Zoning code
SRC
APN
ANDO M:00197 B:00011 L:0000B
UPID
US38-2474369
Jurisdiction
ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
SRC · Andover, MA
Zoning SRC · permitted uses
SRC · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$605,000
OFFICE BUILDING
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$660,000
RETAIL STORES
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$550,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1972
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Rooms
8
Bathrooms
3
Lot
2 ac
Current owner
From public records · entity-resolved
1973 Stocking LLC
Entity
Mailing address
452 LOWELL ST, ANDOVER, MA 01810-5305
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2023
$700,000
1973 Stocking LLC
Challenge Unlimited INC
Quit Claim Arm's Length For Ne States
—
May 6, 2014
$455,000
Challenge Unlimited INC
Richard A Donovan T
Quit Claim Deed
$600,000 · Enterprise Bank & Trust
Oct 3, 2011
$1
A Donovan T Richard
Donovan,richard A
Grant Deed
—
Aug 6, 1998
$284,900
Richard A Donovan
Matto,joseph
Grant Deed
$51,000 · First Pioneer Farm Credit Aca
May 20, 1998
—
Joseph Matto
—
Deed Of Trust
related
$25,000 · Bankboston Development Co LLC
Aug 18, 1989
—
Rich Alan Donovan
—
Deed Of Trust
related
$50,000 · Andover Bank
Apr 12, 1988
—
Joseph Matto
—
Deed Of Trust
related
$14,500 · Baybank Merrimack Vly
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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