Realmo Analytics

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Property profile

89 Main St 2 North Andover, MA 01845

FOR LEASE
Other investment properties
Property ID
US38-1764922
5,524 SF 0.12 ac lot Built 1900
Last sale Jul 2021 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This commercial property is located at 89 Main St #1 in North Andover, Massachusetts. It is configured as office space and includes approximately 2,310 square feet of office units and workspace.

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

What does the county charge?
Assessed value · 2024$833k
Assessed land$246k
Assessed improvement$587k

Value estimate

· Oct 2026
$525k
$473k – $578k
AI approach$505k
NOI build-up
Gross scheduled income$55k
Vacancy & credit loss−$1k
Operating expenses−$16k
NOI · 1,851.41% cap applied$38k

Realmo valuation models over county records and 20 qualifying comparable sales.

Recently sold

What actually traded nearby?
$270/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$176 – $469
Qualifying comparables20

Cap rate analysis

How does the asset earn?
1,851.41%
$38k 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
JurisdictionNORTH ANDOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Bakery
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Bakery10.1
Parking Facility9.5
Smoke and Vape Shop9.5

Location

89 Main St, Unit 2 North Andover, MA 01845
County assessor Recorded deeds · 5 transfers 20 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
100 Elm, North Andover, MA 01845-2657 $1,225,000 Oct 2024 3,620 SF
60 Ashland, North Andover, MA 01845-1660 $580,000 Apr 2024 3,377 SF
61 Water, North Andover, MA 01845-2525 $2,100,000 Feb 2023 7,491 SF
48 Water, North Andover, MA 01845-2500 $762,500 Sep 2022 3,989 SF
28 Main, North Andover, MA 01845-2410 $675,000 Apr 2021 3,477 SF
93 Main, North Andover, MA 01845-2426 $900,000 Jan 2021 4,215 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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