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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Office buildings
522 Chickering Rd, North Andover, MA 01845-2840
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0696141
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
3,717 SF
Lot
0.21 ac (9,074 SF)
Zoning code
B4
APN
NAND M:00071 B:00015 L:00000
UPID
US38-0696141
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
-
Fairbank Caryl Psychotherapist
-
Perry Insurance Insurance Agency
-
Advantage Claims Services Insurance Agency
-
Dr. Stephen Lu Dental Office
-
Ethical HomeCare Services INC Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.35M
Owner & transaction history
Jaksta Realty LLC · 7 yrs held
Jaksta Realty LLC
since 2019
3 recorded transactions
Zoning & alternative use
B4 · North Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+20.5%
Auto repair, garage
$890,000
+7.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,840,000
6.5%
$1,700,000
7%
$1,580,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$830,000
Current use
COMMERCIAL (GENERAL)
$1,000,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$890,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$825,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±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
$363 / 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
$11,870
Tax year 2024
Assessed value
$760,900
Assessed 2024
Previous assessed
$760,900
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$384,300
Assessed improvement
$376,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Heating
NONE
Cooling
YES
Buildings
1
Stories
2
Total area
3,717 SF
Lot
0.21 ac (9,074 SF)
Zoning code
B4
APN
NAND M:00071 B:00015 L:00000
UPID
US38-0696141
Jurisdiction
NORTH ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B4 · North Andover, MA
Zoning B4 · permitted uses
B4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$890,000
RETAIL STORES
Est. value
$825,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1973
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Jaksta Realty LLC
Entity
Mailing address
479 WAVERLEY RD, NORTH ANDOVER, MA 01845-4216
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2019
$559,900
Jaksta Realty LLC
Pauline B Lu RT 1
Quit Claim Arm's Length For Ne States
$447,920 · Td Bank NA
Feb 6, 2008
$1
Lu,pauline B Tr
Lu,pauline B
Grant Deed
—
Dec 23, 1987
$450,000
John Lu
Hurrell,james P
Grant Deed
$37,500 · Bank Of Ne Barnstable
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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