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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Super regional malls
733 Tpke St, North Andover, MA 01845-6137
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1289677
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1985
Total area
14,694 SF
Lot
2.23 ac (97,139 SF)
Zoning code
GB
APN
NAND M:00098 B:D0069 L:00000
UPID
US38-1289677
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
-
Kiai Communications Consultant
-
Northeast In Home Care Home Health Care Service
-
Crystal Savoy RD Nutrition Counseling Physician
-
L & B Wellness Center Alternative Medicine Practice Spa & Massage Center
-
Elias Global Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
$4.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.40M
Owner & transaction history
733 Turnpike LLC · 2 yrs held
733 Turnpike LLC
since 2024
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
GB · North Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.1M
+538.6%
Commercial (general)
$2.7M
+317.7%
Restaurant
$2.4M
+278.8%
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
$3,400,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
$4,525,000
6.5%
$4,180,000
7%
$3,880,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,055,000
Change: +539% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,650,000
Change: +318% · Conversion: Easy
RESTAURANT
$2,405,000
Change: +279% · Conversion: Difficult
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.40M (Mar 29 2024)
Last sale anchor
$3.40M
Mar 29 2024
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
$231 / 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
$44,730
Tax year 2024
Assessed value
$2,867,300
Assessed 2024
Previous assessed
$2,867,300
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$777,100
Assessed improvement
$2,090,200
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1985
Heating
GAS
Cooling
YES
Buildings
1
Stories
1
Units
8
Bathrooms
10
Total area
14,694 SF
Lot
2.23 ac (97,139 SF)
Zoning code
GB
APN
NAND M:00098 B:D0069 L:00000
UPID
US38-1289677
Jurisdiction
NORTH ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
GB · North Andover, MA
Zoning GB · permitted uses
GB · 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
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RESTAURANT
Est. value
$2.4M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
1985
Heating
GAS
Cooling
Yes
Stories
1
Buildings
1
Units
8
Bathrooms
10
Lot
2.23 ac
Current owner
From public records · entity-resolved
733 Turnpike LLC
Entity
Mailing address
733 TPKE ST, NORTH ANDOVER, MA 01845-6137
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
$3,400,000
733 Turnpike LLC
Turnpike Flagship LLC
Deed
$4,042,500 · Lowell Five Cents Savings Bank
Oct 19, 2005
$3,400,000
Turnpike Flagship LLC
Adn RT
Grant Deed
—
Apr 5, 2002
—
Atlantic RT
—
Deed Of Trust
related
$780,000 · Warren Five Cts Savings
Apr 3, 2002
—
Adn RT
—
Deed Of Trust
related
$500,000 · Preeti Munjal
Mar 3, 1998
$1,200,000
Adn RT
Dmb Jasmine Plaza LLC
Grant Deed
—
Mar 3, 1998
—
Adn RT
—
Deed Of Trust
related
$950,000 · Somerset Savings Bank
Mar 18, 1997
$828,450
Dmb Jasmine Plaza LLC
Confederation Life Ins
Grant Deed
$150,000 · Zuckerman Family Nomi
Nov 15, 1996
—
Sandpiper RT
—
Deed Of Trust
related
$100,000 · Anthony Mesiti
Aug 16, 1989
—
733 Turnpike RT
—
Deed Of Trust
related
$1,620,000 · Zuckerman Family Nomi
May 24, 1989
—
733 Turnpike RT
—
Deed Of Trust
related
$1,750,000 · Boston Trade Bank
Nov 29, 1988
—
Tree R T Willow
—
Deed Of Trust
related
$2,000,000 · USA
Jan 15, 1988
—
Willow Tree Rlty Tr
—
Deed Of Trust
related
$400,000 · Home Fsb
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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