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Financial
Distress signals
Property profile

486 Andover St Lawrence, MA 01843

FOR SALE
Other warehouses
Property ID
US38-0651298
8,874 SF 0.34 ac lot Built 1910
Last sale Jan 2023 · $495,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon
486 Andover St, Lawrence, MA 01843 For Sale 1 / 12
$1,100,000 8,874 SF
486 Andover St, Lawrence, MA 01843
View Listing

Property summary

AI-generated overview

The property located at 486 Andover Street in South Lawrence consists of an existing building with approximately 9,414 square feet. It is situated in an amenity-rich neighborhood with access to major routes, and the site has redevelopment potential for residential use, including the development of contemporary apartment-style units or a multi-unit residential complex.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$519k
Assessed land$232k
Assessed improvement$287k
Effective rate1.94%

Value estimate

· Oct 2026
$485k
$437k – $534k
AI approach$485k
NOI build-up
Gross scheduled income$271k
Vacancy & credit loss−$11k
Operating expenses−$117k
NOI · 13.01% cap applied$143k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$141/SF
County average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$63 – $215
Qualifying comparables5

Cap rate analysis

How does the asset earn?
13.01%
$143k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAWRENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.3
Parking Facility14.6
Skin Care Clinic13.0

Location

486 Andover St Lawrence, MA 01843
County assessor Recorded deeds · 5 transfers 5 qualifying comp sales Zoning catalog · not on file

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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20 International, Lawrence, MA 01843-2078 $5,250,000 Dec 2024 29,841 SF
51 Canal, Lawrence, MA 01843-1500 $470,000 Oct 2022 4,300 SF
107 Blanchard, Lawrence, MA 01843 $400,000 Oct 2022 12,500 SF
421 Merrimack, Lawrence, MA 01843-1736 $3,400,000 Feb 2021 34,173 SF
637 Andover, Lawrence, MA 01843-1015 $1,475,000 Feb 2020 12,116 SF
195-199 Un, Lawrence, MA 01843 $651,500 May 2019 4,800 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

Comparable nearby

  • Value Estimation
    $530,000
    9,090 SF
    19 Blanchard St
    MANUFACTURING (LIGHT)
    19 Blanchard St, Lawrence, MA 01843-1413
    View Details
  • Value Estimation
    $635,000
    11,110 SF
    678 Andover St Ste, Unit 1
    CONDOMINIUMS (INDUSTRIAL)
    678 Andover St Ste, Lawrence, MA 01843-1077
    View Details
  • Value Estimation
    $630,000
    12,030 SF
    34 International Way
    CONDOMINIUMS (INDUSTRIAL)
    34 International Way, Lawrence, MA 01843-1064
    View Details
  • Value Estimation
    $1,810,000
    12,116 SF
    637 Andover St
    WAREHOUSE, STORAGE
    637 Andover St, Lawrence, MA 01843-1015
    View Details
  • Value Estimation
    $525,000
    12,500 SF
    107 Blanchard St
    WAREHOUSE, STORAGE
    107 Blanchard St, Lawrence, MA 01843
    View Details
  • Value Estimation
    $1,850,000
    13,650 SF
    26 International Way
    WAREHOUSE, STORAGE
    26 International Way, Lawrence, MA 01843-1064
    View Details

Similar in This City for Sale

  • New
    Contact for pricing
    9,975 SF
    Industrial Flex Condominium Unit
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    678 Andover St # 3, Lawrence, MA 01843
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  • New
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  • $425,000
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    A 2,623-square-foot industrial condominium offers commercial space for sale or lease.
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  • New
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    Flex Space with Drive-In Bays
    High ceilings and on-site parking support a range of commercial operating needs.
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Similar Nearby for Lease

  • $14 SF/Yr
    9,975 sqft
    Industrial Flex Space with Loading
    Industrial flex condominium with warehouse, office, showroom, and light manufacturing functionality under an NNN lease structure.
    678 Andover St, Lawrence, MA 01843
    View Details
  • New
    $13.50 SF/Yr
    9,975 sqft
    Industrial Flex Condominium Unit
    Warehouse and office improvements support contractor, assembly, light manufacturing, and distribution operations.
    3-678 Andover St, Lawrence, MA 01843
    View Details
  • New
    Contact for pricing
    45,259 sqft
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    Flexible commercial space is available with full air conditioning.
    94 Glenn Street, Lawrence, MA 01843
    View Details
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