Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    90 Main St Andover, MA 01810-3850
    Back to Search
    Property profile & analytics

    90 Main St, Andover, MA 01810-3850

    View on Map
    • Retail space
    • 13,560 SF
    • 0.32 lot acres
    Off-Market
    Property ID
    US38-0943792
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,100,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Prince Lobel Tye / Law Firm
    • Mrs. Ashley Genest / Counselor
    • Jennifer Munoz / Counselor
    • Brooksy's Brick Oven and Bar / Restaurant
    • Chique Hair Salon / Hair Salon

    Property Details for 90 Main St

    Year built
    1930
    Construction
    STEEL FRAME
    Lot size
    0.32 lot acres
    Zone code
    GB
    Property type
    Retail space
    APN
    ANDO M:00039 B:00042 L:00000
    APU
    ANDOM00039B00042L00000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 10, 2025 $3,000,000 Batwing LLC 90 Main Street RT Deed $2.7M · Lowell Five Cents Savings Bank
    Apr 22, 2020 — 90 Main Street Trust — Deed · related $875k · Bank Of New England
    Feb 11, 2004 — 90 Main Street RT — Deed Of Trust · related $200k · Hingham Institute For Savings
    Sep 29, 1998 — 90 Main Street RT — Deed Of Trust · related $875k · Hingham Institute For Savings
    — — 90 Main Street Trust — Deed Of Trust · related $875k · Bank Of New England

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,935,000
      Market price range: $1.87M - $4.47M
      AI Estimate
      $1,279,000
      Market price range: $679k - $1.92M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,015,000
      Current use
      OFFICE BUILDING
      $3,440,000
      Change: +14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,250,000
      Change: +8% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,705,000
      Change: -10% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1386
    Latitude
    42.6543
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $61,509
    $617,000
    $1,797,000
    $2,414,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,640,000
      11,689 SF

      125-127 Main St

      RETAIL STORES (PERSONAL SERVICES)
      125-127 Main St, Andover, MA 01810
      View Details
    • Value Estimation
      $4,460,000
      26,833 SF

      68 Main St

      RETAIL STORES (PERSONAL SERVICES)
      68 Main St, Andover, MA 01810-3846
      View Details
    • Value Estimation
      $895,000
      5,485 SF

      22 Andover St

      RETAIL STORES (PERSONAL SERVICES)
      22 Andover St, Andover, MA 01810-4802
      View Details
    • Value Estimation
      $530,000
      1,452 SF

      54 Haverhill St

      RETAIL STORES (PERSONAL SERVICES)
      54 Haverhill St, Andover, MA 01810-1405
      View Details
    • Value Estimation
      $825,000
      1,166 SF

      429 Lowell St

      RETAIL STORES (PERSONAL SERVICES)
      429 Lowell St, Andover, MA 01810-5304
      View Details
    • Value Estimation
      $1,390,000
      9,256 SF

      48 Main St

      RETAIL STORES (PERSONAL SERVICES)
      48 Main St, Andover, MA 01810
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medford Retail/Flex Space Opportunity

      5,137 SF retail/flex space in the Boston MSA area.
      163 Mystic Ave, Medford, MA 01810
      View Details
    • Contact for pricing
      13,500 SF

      Shawsheen Square Retail/Office Space

      Retail and office spaces in high-visibility Andover location.
      342 North Main St, Andover, MA 01810
      View Details
    • $1,100,000

      Turnkey Medical Office in Andover

      Modernized, freestanding office building in Andover's Historic Shawsheen Village.
      6 Windsor St, Andover, MA 01810
      View Details
    • Contact for pricing

      Land in Downtown Andover Location

      Land parcel in downtown Andover, zoned for general business.
      16R High St, Andover, MA 01810
      View Details
    • Contact for pricing

      Office/Flex Building Near Route 93

      Well-maintained office/flex building with warehouse space and ample parking.
      1 Connector Rd, Andover, MA 01810
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,964 SF

      Retail Space in Andover, MA

      Retail space available for lease in Andover, Massachusetts.
      60 Main St, Andover, MA 01810
      View Details
    • Contact for pricing

      Downtown Andover Retail/Restaurant Space

      Retail and restaurant space in downtown Andover with parking.
      89-93 Main St, Andover, MA 01810
      View Details
    • Contact for pricing

      Downtown Andover Office/Retail Space

      Office/retail space in downtown Andover with convenient highway access.
      89-93 Main St, Andover, MA 01810
      View Details
    • Contact for pricing
      500 SF

      Retail Space in Shawsheen Square

      High-visibility retail space in a high-traffic area.
      5a Lowell St, Andover, MA 01810
      View Details
    • Contact for pricing

      Andover Retail Space For Rent

      Corner retail space in Andover with high visibility and traffic.
      22 Andover St, Andover, MA 01810
      View Details
    • Contact for pricing
      2,200 SF

      Downtown Andover Commercial Space For Rent

      Renovated 2,200 SF space ideal for retail or office.
      2 Punchard Ave, Andover, MA 01810
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    90 Main St
    Andover, MA 01810-3850
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    90 Main St, Andover, MA, 01810
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!