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    Property profile & analytics

    581 Andover St Lawrence, MA 01843-2003

    • Turn key restaurants
    • 2,264 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-2224428
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Greater Lawrence Community Action Council / Day Care Center
    • Haydens School / School

    Property Details for 581 Andover St

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.47 lot acres
    Property size
    2,264 SF
    Property type
    Turn key restaurants
    APN
    LAWR M:0159 B:0000 L:0060
    APU
    LAWRM0159B0000L0060

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.172
    Latitude
    42.6904
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,163
    $247,500
    $690,200
    $937,700
    -
    $0.00
    $0.00
    $0.00

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      129-129A Broadway

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      435 Winthrop Ave

      RESTAURANT • 2,965 SF
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      New Duplex in South Lawrence

      Newly built duplex with expansion potential in a prime location.
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    Similar Nearby for Lease

    • Contact for pricing

      Premier Retail/Dining Space

      High-visibility retail or dining space in a mixed-use district.
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      Retail and office space with street exposure for rent.
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      Retail Space Near Interstate 495

      Retail space with high visibility and easy highway access.
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      Retail Space with High Traffic

      Retail space suitable for various businesses with high traffic.
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      Prime Lawrence Retail Opportunity

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    Property Visit Statistics

    • Visits by month
      23.0k
    • Visitors by month
      9.5k
    • Avg Time on site
      7 min
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    581 Andover St
    Lawrence, MA 01843-2003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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