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Property profile & analytics
FOR LEASE
Office buildings
630 Turnpike St 4, North Andover, MA 01845
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-1898740
For Lease
1 / 4
$1,200/Mo
630 Turnpike St,Unit 4, North Andover, MA 01845
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
7,308 SF
Lot
1.02 ac (44,431 SF)
Zoning code
B1
APN
NAND M:00098 B:D0049 L:00000
UPID
US38-1898740
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
-
Patient Service Center Diagnostic Center Medical Laboratory
-
Pentucket Medical: Bergeron Melissa T Medical Clinic
-
Harris Steven J MD Pediatrician Medical Clinic
-
Goslyn R. Sylvan, MD Physician
-
Pentuckit Medical: Godefroi Robert MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.35M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.83M
Owner & transaction history
Blue Cod Holdings LLC · 8 yrs held
Blue Cod Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
B1 · North Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+54.3%
Apartment house (5+ units)
$2.3M
+42.9%
Commercial (general)
$2.0M
+20.5%
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 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%
$3,620,000
6.5%
$3,345,000
7%
$3,105,000
Alternative Use
Use
Estimation
RESTAURANT
$2,520,000
Change: +54% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,335,000
Change: +43% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,970,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,750,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.83M
Range $2.55M – $3.11M · ±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
$387 / 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
$26,015
Tax year 2024
Assessed value
$1,667,600
Assessed 2024
Previous assessed
$1,667,600
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$355,400
Assessed improvement
$1,312,200
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1981
Heating
NONE
Cooling
YES
Buildings
1
Stories
3
Units
2
Bathrooms
4
Total area
7,308 SF
Lot
1.02 ac (44,431 SF)
Zoning code
B1
APN
NAND M:00098 B:D0049 L:00000
UPID
US38-1898740
Jurisdiction
NORTH ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B1 · North Andover, MA
Zoning B1 · permitted uses
B1 · 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
RESTAURANT
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1981
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Units
2
Bathrooms
4
Lot
1.02 ac
Current owner
From public records · entity-resolved
Blue Cod Holdings LLC
Entity
Mailing address
5 OSCARS WAY, NORTH READING, MA 01864-2462
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Oct 4, 2019
—
Blue Cod Holdings LLC
—
Deed
related
$435,000 · Savings Bank Trust
Nov 17, 2017
$1,130,000
Blue Cod Holdings LLC
Rahman Ft
Quit Claim Arm's Length For Ne States
$900,000 · Savings Bank Trust
Dec 1, 2008
$1
Rahman Ft
Rahman Ft
Grant Deed
related
—
Aug 13, 2002
—
Rahman Ft
—
Deed Of Trust
related
$542,000 · First Essex Bank
Dec 10, 1997
—
630 Turnpike RT
—
Deed Of Trust
related
$250,000 · Family Bank
Jun 29, 1994
$260,000
Pk RT 114 Executive
Rtc
Grant Deed
$260,000 · Gary Needham
Sep 27, 1993
$12,000
Donald Crescitelli
First Nb Boston NA
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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