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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Car washes
740 Tpke St North Andover, MA 01845-6121
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0787059
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2002
Total area
5,256 SF
Lot
3.96 ac (172,323 SF)
Zoning code
I1
APN
NAND M:00098 B:D0040 L:00000
UPID
US38-0787059
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
-
North Andover Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$765k
Blend (final)
Blend
$865k
Owner & transaction history
Prebo Equity&investments · 7 yrs held
Prebo Equity&investments
since 2019
7 recorded transactions
Zoning & alternative use
I1 · North Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+12.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,260,000
Current use
COMMERCIAL (GENERAL)
$1,415,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$1,175,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$1,170,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$165 / 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
$14,634
Tax year 2024
Assessed value
$938,100
Assessed 2024
Previous assessed
$938,100
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$348,700
Assessed improvement
$589,400
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
5,256 SF
Lot
3.96 ac (172,323 SF)
Zoning code
I1
APN
NAND M:00098 B:D0040 L:00000
UPID
US38-0787059
Jurisdiction
NORTH ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I1 · North Andover, MA
Zoning I1 · permitted uses
I1 · 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
AUTO REPAIR, GARAGE Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2002
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
3.96 ac
Current owner
From public records · entity-resolved
Prebo Equity&investments
Entity
Mailing address
50 LESLIE RD, WALTHAM, MA 02451-1325
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
—
Prebo Equity & Invs LLC
—
Deed
related
$952,167 · Camden National Bank
Feb 25, 2019
$1,750,000
Prebo Equity&investments
740 Turnpike St LLC
Quit Claim Arm's Length For Ne States
$1,200,000 · Camden National Bank
May 26, 2016
—
Saville Second Realty Trust
S & S Realty Trust
Quit Claim Deed
related
—
Aug 13, 2012
—
740 Turnpike St LLC
—
Deed Of Trust
related
$850,000 · Northway Bank
Dec 16, 2004
$970,000
740 Turnpike St LLC
Atlantic RT
Grant Deed
$1,320,000 · Ocean National Bank
Nov 15, 1996
—
Oakwood RT
—
Deed Of Trust
related
$100,000 · Anthony Mesiti
Jan 31, 1996
$126,740
Oakwood RT
Rea Land Assoc RT
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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