Financial
Distress signals
Property profile

601 South Union St 2 Lawrence, MA 01843

FOR LEASE
Retail space
Property ID
US38-1191425
31,093 SF 1.61 ac lot Built 1955
Last sale Dec 2024 · $2,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a two-level commercial building configured for a mixed retail-and-office use. The first floor is designed as street-level retail space with provisions for signage and direct pedestrian access, while the second floor contains a larger office component suitable for administrative or business operations. The building’s placement along a heavily trafficked throughway provides regular vehicle pass-by exposure at street level. The layout supports a separation between customer-facing storefront space on the ground floor and office space above.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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?
$48k
Tax billed · 2024
Assessed value$2.49M
Assessed land$398k
Assessed improvement$2.09M
Effective rate1.94%

Value estimate

· Sep 2026
$2.30M
$2.07M – $2.53M
AI approach$2.30M
Sales comparison$2.97M
NOI build-up
Gross scheduled income$113k
Vacancy & credit loss−$2k
Operating expenses−$33k
NOI · 1,074.36% cap applied$77k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$174/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$96 – $249

Cap rate analysis

How does the asset earn?
1,074.36%
$77k 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 agency15.4
Skin Care Clinic14.2
HVAC Service12.0

Location

601 South Union St, Unit 2 Lawrence, MA 01843
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
223 Winthrop, Lawrence, MA 01843-3822 $1,200,000 Aug 2024 12,266 SF
137 Glenn, Lawrence, MA 01843-1036 $1,700,000 Feb 2024 10,185 SF
43 Merrimack, Lawrence, MA 01843-1463 $1,600,000 Jan 2024 40,691 SF
647 Andover, Lawrence, MA 01843-1015 $2,000,000 Aug 2022 16,366 SF
273 Un, Lawrence, MA 01843-2324 $1,650,000 Aug 2019 13,000 SF
301 Market, Lawrence, MA 01843-1528 $2,625,000 Sep 2018 93,374 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?”
More about this property
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