Industrial Condo
51 S Canal St Unit 2 Lawrence, MA 01840
51 S Canal St Unit 2, Lawrence, MA, 01840
Contact for pricing
For Sale
Contact for pricing
Industrial condo unit offered for sale with approximately 2,623 square feet of industrial space.
Property Size2,623 SF
Price / SF$162.03
Days on Market23
Property Features for 51 S Canal St Unit 2
General Information
- Standard status
- Active
- Size
- 2,623 SF
- Property subtype
- Industrial
Listing agency
The Stubblebine Company
Listed by
Kevin Rabacs · License #9588453
Source
Crexi
Added: Jun 30 Updated: Jul 21 at 12:36AM Checked: Jul 21 at 5:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Stubblebine Company
Investment Insights
Based on property information with market context.
Available for sale is an industrial condo unit totaling approximately 2,623 square feet (plus or minus). The property is marketed as an industrial condo within a warehouse-style building.
The offering is located at 51 S Canal St, Unit 2, in Lawrence, Massachusetts.
The offering is located at 51 S Canal St, Unit 2, in Lawrence, Massachusetts.
Key Highlights
- Industrial condo unit for sale with approximately 2,623 SF of industrial space
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.2k | $16.08 |
| − Vacancy | −$2.3k | −$0.88 |
| EGI | $39.9k | $15.20 |
| − OpEx | −$6.0k | −$2.28 |
| NOI | $33.9k | $12.92 |
2,623 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$484.0K
$423.5K – $564.7K
NOI $33,879 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,696 @ 7.0% cap · market cap 25.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CubeSmart Self Storage
Storage Facility
Ulloa Shipping
Shipping Company
Minusha Carpet Installers
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- AJAX MOVING, LLC — 49 Blanchard St suite 206-5, Lawrence, MA 01843
- CubeSmart Self Storage — 51 S Canal St, Lawrence, MA 01843
- Nabnasset Cold Storage — 201 Merrimack St, Lawrence, MA 01843
- Mondelez International — 113 S Union St #2, Lawrence, MA 01843
- All Moving and Delivery — 79 Shawsheen Rd, Lawrence, MA 01843
FAQs
What type of property is this?
Warehouse - Industrial condo unit offered for sale with approximately 2,623 square feet of industrial space.
Where is this warehouse located?
The property is located at 51 S Canal St Unit 2 Lawrence, MA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Industrial condo unit for sale with approximately 2,623 SF of industrial space
