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    Property profile & analytics

    59 Tpke Rd Ipswich, MA 01938-1048

    • Warehouses
    • 17.13 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-0700797
    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

    • Warehouses

    Property Details for 59 Tpke Rd

    Lot size
    17.13 lot acres
    Zone code
    LI
    Property type
    Warehouses
    APN
    IPSW M:27C B:0031 L:0
    APU
    IPSWM27CB0031L0

    Description

    This exceptional 17-acre industrial land parcel in Ipswich, Massachusetts, presents a rare development opportunity. Located at 59 Turnpike Road, this property boasts over 975 feet of frontage on Route 1 and is zoned for Limited Industrial use. Previously approved plans by the Town of Ipswich exist for two 20,000 square foot warehouse buildings, complete with 86 parking spaces. However, the zoning allows for a wide range of alternative uses, including storage facilities, sports complexes, and restaurants, as detailed in the attached zoning table. The site offers significant potential for redevelopment, with two potential curb cuts (one already in place). The land has been cleared, and some drainage areas have been excavated, simplifying the development process. The property's Assessed Parcel Number (APN) is M:27C B:0031 L:0,1954218. The asking price for this remarkable opportunity is $2,150,000. This property is situated in Essex County, MA, zip code 01938.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ipswich
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9183
    Latitude
    42.6825
    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
    $11,565
    $1,016,300
    $0.00
    $1,016,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $540,000
      14,400 SF

      12 Mitchell Rd

      WAREHOUSE, STORAGE • 14,400 SF
      12 Mitchell Rd, Ipswich, MA 01938-1217
      View Details
    • Value Estimation
      $340,000
      11,500 SF

      19 Mitchell Rd

      WAREHOUSE, STORAGE • 11,500 SF
      19 Mitchell Rd, Ipswich, MA 01938-1292
      View Details
    • Value Estimation
      $375,000
      1,200 SF

      8 Safford St

      BULK STORAGE, TANKS • 1,200 SF
      8 Safford St, Ipswich, MA 01938-2022
      View Details
    • Value Estimation
      $1,120,000
      10,464 SF

      46 Mitchell Rd

      WAREHOUSE, STORAGE • 10,464 SF
      46 Mitchell Rd, Ipswich, MA 01938-1217
      View Details
    • Value Estimation
      $380,000
      4,800 SF

      53 Mitchell Rd

      WAREHOUSE, STORAGE • 4,800 SF
      53 Mitchell Rd, Ipswich, MA 01938-1257
      View Details
    • Value Estimation
      $1,445,000
      14,080 SF

      26 Hayward St

      WAREHOUSE, STORAGE • 14,080 SF
      26 Hayward St, Ipswich, MA 01938-2012
      View Details

    Similar Nearby for Sale

    • $1,200,000
      0.55 Acres

      Downtown Ipswich Development Opportunity

      Approved five-unit condo project in downtown Ipswich near train.
      50-56 Market St, Ipswich, MA 01938
      View Details
    • $975,000

      Ipswich Historic Mixed-Use Building

      Historic Ipswich building with retail, restaurant, and residential potential.
      57 East St, Ipswich, MA 01938
      View Details
    • $550,000

      Large Building Lot on Topsfield

      Scenic building lot close to town with approved septic design.
      125 Topsfield Rd, Ipswich, MA 01938
      View Details
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    Ipswich, MA 01938-1048
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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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