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Financial
Distress signals
Property profile

77 Main St Andover Unit Andover andover Andover, MA 01810

FOR LEASE
Retail space
Property ID
US38-0500148
20,744 SF 0.34 ac lot Built 1969
Last sale Oct 2007 · $1
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 77 Main Street, Andover, Massachusetts, includes a renovated office suite containing approximately 600 square feet of interior space configured to accommodate about 3–4 people. The suite features central air conditioning and central heat, with full carpeting throughout, and includes two storage closets, one with built-in shelving. A conference room is available on the same floor, and the space provides access to on-site property management. The office is situated near downtown…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$68k
Tax billed · 2024
Assessed value$2.68M
Assessed land$629k
Assessed improvement$2.05M
Effective rate2.55%

Value estimate

· Oct 2026
$2.73M
$2.46M – $3.00M
Submarket $/SF estimate$3.25M
NOI build-up
Gross scheduled income$7k
Vacancy & credit loss−$1k
Operating expenses−$1k
NOI · 960.00% cap applied$4k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$222/SF
County average, outlier-cleaned · 252 recorded sales of this use type
Observed band · Q1–Q3$138 – $329
Qualifying comparables3

Cap rate analysis

How does the asset earn?
960.00%
$4k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GB
The purpose of this district is to provide general commercial uses
General categoryCOMMERCIAL
JurisdictionANDOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.9
HVAC Service10.6
Wholesale Shop10.4

Location

77 Main St Andover Unit Andover, Unit andover Andover, MA 01810
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
69 Park, Andover, MA 01810-3691 $2,526,500 Nov 2024 13,447 SF
19 Dl, Andover, MA 01810-5617 $1,050,000 Feb 2024 8,467 SF
195-195A Andover, Andover, MA 01810 $850,000 Oct 2021 7,933 SF
3 Railroad, Andover, MA 01810-3516 $1,730,000 Mar 2021 24,000 SF
48 Main, Andover, MA 01810 $2,600,000 Aug 2019 9,256 SF
10 Main, Andover, MA 01810-3717 $2,150,000 Apr 2019 39,517 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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