Individually Owned Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1968
Total area
23,820 SF
Lot
0.53 ac (22,891 SF)
Zoning code
R4
APN
NAND M:00012 B:00008 L:00000
UPID
US38-2420055
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Moving Company
-
Home Health Care Service
-
Business Management Consultant
-
Grocery & Convenience Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.64M
Blend (final)
Blend
$4.34M
Owner & transaction history
since 2021
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
R4 · North Andover, MA
Top alternative use upside
Apartment house (5+ units)
$7.6M
+18.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 21 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.34M
Value range
$3.90M – $4.77M
±10% around blend
Estimated value / SF
$182 / SF
Confidence
High
21 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$3.90M
blend $4.34M
$4.77M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
23,820 SF
Lot area
0.53 ac
Year built
1968
Stories
3
APN
NAND M:00012 B:00008 L:00000
Zoning
R4
Assessed value
$3,099,800
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.81M
Weighted, 20 comps · high confidence
Evidence
21 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
15.4 mi away · 20,986 SF
16.6 mi away · 20,319 SF
17.1 mi away · 16,966 SF
19.5 mi away · 21,560 SF
19.7 mi away · 21,662 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.34M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$270
-32%
Submarket 35 sales
$270
-32%
County 725 sales
$199
-9%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $182/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+19%
vs current-use indication
Commercial (general) · current use
Auto Repair, Garage
Office Building
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 21 sales
Market rates by use type
PDF export
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.95M
Move the market yield to see immediate price impact.
Value / SF
$208
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$312k
$6.24M
$4.46M
$3.47M
$347k
$6.93M
$4.95M
$3.85M
$381k
$7.62M
$5.44M
$4.24M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
21 found
High confidence · county-verified
Closest comparable
$550k
10.5 mi · Nov 2025 · $25/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$3,099,800
Assessed 2024
Previous assessed
$3,099,800
+0.0% YoY
Assessed land
$825,000
Assessed improvement
$2,274,800
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1968
Heating
HOT WATER
Buildings
1
Stories
3
Units
30
Rooms
90
Bathrooms
30
Total area
23,820 SF
Lot
0.53 ac (22,891 SF)
Zoning code
R4
APN
NAND M:00012 B:00008 L:00000
UPID
US38-2420055
Jurisdiction
NORTH ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R4 · North Andover, MAZoning R4 · permitted uses
R4 · North Andover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Heating
HOT WATER
Stories
3
Buildings
1
Units
30
Rooms
90
Bathrooms
30
Lot
0.53 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R4
Jurisdiction
North Andover, MA
Recorded code
R4
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R4 in North Andover, MA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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