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Financial
Distress signals
Property profile

60 Pine St 2 Methuen, MA 01844

FOR LEASE
Other industrial properties
Property ID
US38-0200617
2,549 SF Built 1905
Last sale Mar 2010 · $39,000
Individually Owned Owner of record is an individual. 16-yr Hold Held for 16 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 second-floor flex space within an industrial center, built in 1905 and zoned BL. It features a private entrance, five private offices, three open production or warehouse areas, one bathroom, and a separate washroom. The space has high ceilings and is supported by parking capacity for up to seven vehicles. The interior configuration is arranged to support a range of uses such as light manufacturing, creative studios, professional services, or small business operations, with…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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?
$7k
Tax billed · 2024
Assessed value$324k
Assessed improvement$324k
Effective rate2.10%

Value estimate

· Oct 2026
$315k
$284k – $347k
AI approach$315k
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$4k
Operating expenses−$5k
NOI · 1,891.59% cap applied$14k

Realmo valuation models over county records and 6 qualifying comparable sales.

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
Qualifying comparables6

Cap rate analysis

How does the asset earn?
1,891.59%
$14k 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?
BL
BL Limited Business Districts. The Limited Business District is composed of all those areas so designated on the official zoning map. It ...
General categoryCOMMERCIAL
JurisdictionMETHUEN

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 Facility9.6
Locksmith9.1
Pharmacy8.8

Location

60 Pine St, Unit 2 Methuen, MA 01844
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
30 Osgood, Methuen, MA 01844-3030 $450,000 Sep 2024 11,760 SF
20 Aegean Dr, Methuen, MA 01844-1580 $350,000 Apr 2024 2,240 SF
687 Lowell St, Methuen, MA 01844-1869 $215,000 May 2023 1,911 SF
33 Pne, Methuen, MA 01844-6817 $70,000 Jun 2021 943 SF
2 Oak, Methuen, MA 01844 $147,300 Oct 2020 546 SF
101 Lindberg, Methuen, MA 01844-2466 $500,000 Oct 2019 5,892 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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