Financial
Distress signals
Property profile

6 Old Essex Rd 5 Ipswich, MA 01938

FOR LEASE
Other industrial properties
Property ID
US38-0934686
827 SF Built 1950
Last sale Jan 2023 · $135,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Unit 5 is located within the Ipswich Dairy Condominium Association, with access to State Route 133 near the Ipswich–Essex line. The unit includes one garage bay with tailboard height and has the potential for ramp installation to allow garage access. Interior space comprises a storage room and an office, and entry is provided by an overhead electric door plus a man door that opens into the office area. The interior configuration is flexible, with the potential to modify the floor plan by

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?
$1k
Tax billed · 2024
Assessed value$99k
Assessed improvement$99k
Effective rate1.14%

Value estimate

· Sep 2026
$130k
$117k – $143k
AI approach$155k
NOI build-up
Gross scheduled income$13k
Vacancy & credit loss−$731
Operating expenses−$4k
NOI · 884.12% cap applied$9k

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?
884.12%
$9k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
RRA
RRA and RRC District; c. Encourage the efficient use of such land in harmony with the natural features of the RRA and RRC District; d. Pr...
General categoryRESIDENTIAL
JurisdictionIPSWICH

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.4
Auto Repair Shop9.2
Realty agency8.6

Location

6 Old Essex Rd, Unit 5 Ipswich, MA 01938
County assessor Recorded deeds · 3 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 · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
29 Hayward St, Ipswich, MA 01938-2044 $1,350,000 Dec 2024 3,670 SF
61 Mitchell, Ipswich, MA 01938-1273 $435,000 Oct 2023 1,390 SF
56 Mitchell, Ipswich, MA 01938-1219 $2,100,000 Mar 2023 9,600 SF
47 Mitchell, Ipswich, MA 01938-1218 $400,000 Jun 2020 4,830 SF
31 Tpke, Ipswich, MA 01938-1048 $700,000 Oct 2019 7,480 SF
1 Brady, Ipswich, MA 01938-1279 $50,000 Feb 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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