Property profile

503 Main St Andover, MA 01810

OFF-MARKET
Day care centers
Property ID
US38-1319045
12,892 SF 3.16 ac lot Built 2016
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 2016
Construction STEEL FRAME
Total area 12,892 SF
Lot 3.16 ac (137,650 SF)
Zoning code SRC
APN ANDO M:00102 B:00001 L:0000A
UPID US38-1319045

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center

Location

503 Main St Andover, MA 01810
Andover metro Census 254302 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.06M

Owner & transaction history

since 2016
7 recorded transactions
2016
$805,000
2015
Price N/A
2008
Price N/A
1996
Price N/A
1994
$250,000
1993
Price N/A
1989
$287,000

Zoning & alternative use

SRC · Andover, MA
Zoning description

The purpose of this district is to provide single family residential uses

General category RESIDENTIAL
Top alternative use upside
Apartment house (5+ units) $1.7M +44.7%
Auto repair, garage $1.7M +41.9%
Retail stores $1.3M +6.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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