Financial
Distress signals
Property profile

2 Washington St Ipswich, MA 01938

OFF-MARKET
Industrial properties
Property ID
US38-1149350
18,936 SF 2.09 ac lot Built 1981
Last sale May 2025 · $2,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional commercial property at 2 Washington Street in Ipswich, Massachusetts offers 23,066 square feet of versatile office and light industrial space, currently available for lease. The building, a two-story structure, features a total of 23,068 square feet of vacant space, perfect for a single tenant or multiple occupants. Flexible lease options are available, accommodating spaces ranging from a minimum of 10,776 square feet to a maximum contiguous area of 12,292 square feet. The

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?
$37k
Tax billed · 2024
Assessed value$3.21M
Assessed land$1.89M
Assessed improvement$1.32M
Effective rate1.14%

Value estimate

· Sep 2026
$2.96M
$2.66M – $3.26M
CAP approach$3.10M
Sales comparison$3.45M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$164/SF
County average, outlier-cleaned · 211 recorded sales of this use type
Observed band · Q1–Q3$100 – $254

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GB
It is intended primarily for retail, trade, service, and other commercial uses with some compatible light industrial uses.
General categoryINDUSTRIAL
JurisdictionIPSWICH

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.1
Dental Office10.4
Skin Care Clinic10.4

Location

2 Washington St Ipswich, MA 01938-1810
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
23 Hayward, Ipswich, MA 01938-2074 $2,669,190 Dec 2024 29,132 SF
56 Mitchell, Ipswich, MA 01938-1219 $2,100,000 Mar 2023 9,600 SF
11 Old Right Rd, Ipswich, MA 01938-1173 $1,799,000 Sep 2022 9,881 SF
35 Tpke, Ipswich, MA 01938 $2,250,000 Apr 2021 27,355 SF
46 Mitchell, Ipswich, MA 01938-1217 $925,000 Jul 2020 10,464 SF
26 Hayward, Ipswich, MA 01938-2012 $1,200,000 Mar 2020 14,080 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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