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Property profile & analytics
OFF-MARKET
Estimated value
$9,570,000
Grocery and convenience stores
757 Tpke St, North Andover, MA 01845-6120
Individually Owned
28-yr Hold
Free & Clear
Property ID
US38-1599425
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Total area
75,151 SF
Lot
5.72 ac (249,163 SF)
Zoning code
GB
APN
NAND M:00098 B:D0045 L:00000
UPID
US38-1599425
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
-
Stop & Shop Grocery & Convenience Store Food Market
-
A Taste of The Vineyard (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Citizens Supermarket Branch Bank Loan Service
-
Coinstar Kiosk Bank Credit Union
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.80M
Blend (final)
Blend
$9.57M
Owner & transaction history
Jk RT · 28 yrs held
Jk RT
since 1997
7 recorded transactions
Zoning & alternative use
GB · North Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$9.57M
Range $8.61M – $10.53M · ±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
$127 / 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
$147,298
Tax year 2024
Assessed value
$9,442,200
Assessed 2024
Previous assessed
$9,442,200
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,993,300
Assessed improvement
$7,448,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
75,151 SF
Lot
5.72 ac (249,163 SF)
Zoning code
GB
APN
NAND M:00098 B:D0045 L:00000
UPID
US38-1599425
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.
Building & site characteristics
From public records
Year built
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
5.72 ac
Current owner
From public records · entity-resolved
Jk RT
Individual
Free & Clear · 28 yrs held
Mailing address
231 SUTTON ST STE 1B, NORTH ANDOVER, MA 01845-1620
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2002
—
Northpoint Rlty Dev
—
Deed Of Trust
related
$150,000 · Warren Five Cts Savings
Oct 5, 1999
—
Northpoint Rlty Dev
—
Deed Of Trust
related
$500,000 · Warren Five Cts Savings
Dec 30, 1997
$265,400
Jk RT
Northpoint Rlty Devel
Grant Deed
—
Dec 30, 1997
—
Northpoint Rlty Devel
—
Deed Of Trust
related
$1,150,000 · Warren Five Cts Savings
Dec 9, 1997
$15,000
Jk RT
Power Test Realty Co
Grant Deed
—
Dec 26, 1996
$500,000
Northpoint Realty Dev
Turnpike Nominee RT
Grant Deed
$300,000 · John F Mcgarry
Dec 26, 1996
—
Northpoint Dev Corp
—
Deed Of Trust
related
$250,000 · Misc Other
Oct 21, 1993
—
Nominee R T Turnpike
—
Deed Of Trust
related
$62,000 · Federal Deposit INC Corp
Mar 22, 1993
—
J K RT
—
Deed Of Trust
related
$130,000 · Northmark Bank
May 10, 1990
$450,000
Turnpike Nominee RT
Vitta RT
Grant Deed
$325,000 · University Bank & Trust Co
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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