Financial
Distress signals
Property profile

60 Island St 103 Lawrence, MA 01840

FOR SALE
Other commercial real estate
Property ID
US38-1739555
1.44 ac lot
Last sale Dec 2008 · $1
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial space located in Lawrence, Massachusetts, with an interior area of 543 square feet. It features a flexible layout suitable for a range of business uses, along with expansive windows that provide natural light and exterior views. The site includes on-site parking and convenient access, and the property is supported by well-maintained facilities with quality construction materials and systems designed for a professional work environment. The building is situated in an

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 · 2020

What does the county charge?
$96k
Tax billed · 2020
Assessed value · 2024$5.70M
Assessed land$395k
Assessed improvement$5.31M
Effective rate1.69%

Value estimate

· Sep 2026
$420k
$378k – $462k
AI approach$420k
NOI build-up
Gross scheduled income$8k
Vacancy & credit loss−$1k
Operating expenses−$2k
NOI · 1,242.03% cap applied$5k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$96/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$34 – $136

Cap rate analysis

How does the asset earn?
1,242.03%
$5k 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 agency15.2
Pet Grooming Service11.2
Acupuncture10.9

Location

60 Island St, Unit 103 Lawrence, MA 01840
County assessor Recorded deeds · 18 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
200 Broadway, Lawrence, MA 01840-1038 $375,000 Feb 2025 3,100 SF
99 Hampshire, Lawrence, MA 01840-1205 $475,000 Mar 2023 3,000 SF
6 Methuen, Lawrence, MA 01840-1700 $390,000 Oct 2022 2,615 SF
216 Canal, Lawrence, MA 01840-1701 $915,000 May 2021 155,124 SF
61 Essex, Lawrence, MA 01840-1709 $386,447 Jul 2020 N/A
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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