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Property profile & analytics

65 Flagship Dr North Andover, MA 01845-6171

  • Industrial properties
  • 24,000 SF
  • 2.77 lot acres
OFF-MARKET
Last Sale
Mar 29, 2024
$2,375,000
Value Estimations
$2,765,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US38-0907191
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Goaltending Development Services / Hockey Club
  • Ryan Hewitt / Chiropractor
  • Irwin Fitness & Health Coaching / Personal Trainer / Health Consultant
  • In8 Chiropractic Wellness Center- North Andover / Chiropractor
  • Clubhouse / Fitness Center

Property Details for 65 Flagship Dr

Year built
1980
Lot size
2.77 lot acres
Property size
24,000 SF
Zone code
I1
Property type
Industrial properties
APN
NAND M:00107 B:C0076 L:00000
APU
NANDM00107BC0076L00000

Description

This exceptional 26,750 square foot single-story office building, constructed in 1980 and renovated in 1990, presents a rare opportunity in North Andover's premier office park. Located conveniently off Route 114, the property offers a variety of shared office spaces, ranging from a minimum of 200 square feet to a maximum contiguous space of 300 square feet. Currently, 750 square feet are vacant, spread across three available suites within the building's fifteen total suites. Each suite boasts an impressive 11-foot ceiling height. The property sits on 1.65 acres of land and provides ample parking with 101 spaces. This all-inclusive space offers numerous amenities, including five conference rooms, a reception/lobby area, a full kitchen, four restrooms within the suites, and print/scan stations. The building features 24-hour access and is fully furnished. For those seeking a more cost-effective solution, low-cost virtual office memberships are also available, granting access to all building amenities. This is an ideal solution for businesses seeking a professional environment without the burden of managing their own office space.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,375,000
    ML approach
    $2,375,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $4,255,000
    6.5%
    $3,925,000
    7%
    $3,645,000
  • Alternative Use

    Use
    Estimation
    INDUSTRIAL (GENERAL)
    $3,930,000
    Current use
    WAREHOUSE, STORAGE
    $3,375,000
    Change: -14% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
North Andover
County
Essex
State
Massachusetts
Longitude
-71.1087
Latitude
42.657
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$48,135
$706,200
$2,379,400
$3,085,600
-
$0.00
$0.00
$0.00
More about this property
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