Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    660 S Union St Lawrence, MA 01843
    Back to Search
    Property profile & analytics

    660 S Union St Lawrence, MA 01843

    View on Map
    • Auto shops
    • 15,575 SF
    • 1.63 lot acres
    For Lease
    $690,000
    View Listing →
    Lawrence Retail Space Available For Lease
    $690,000
    16,500 SF

    Lawrence Retail Space Available

    16,500 SF retail space for rent in Lawrence.

    660 S Union St, Lawrence, MA
    View Listing
    Property ID
    US38-1723513
    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.
    Value Estimations
    $690,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Daniel Doore Plumbing& Heating / Plumbing Service / General Contractor
    • Limaboy customs / Auto Repair Shop

    Property Details for 660 S Union St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.63 lot acres
    Property size
    15,575 SF
    Property type
    Auto shops
    APN
    LAWR M:0074 B:0000 L:0059
    APU
    LAWRM0074B0000L0059

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $897,000
      Market price range: $794k - $2.76M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1517
    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
    $21,390
    $254,200
    $850,100
    $1,104,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,386 SF

      24 Broadway

      AUTO REPAIR, GARAGE • 1,386 SF
      24 Broadway, Lawrence, MA 01843-1435
      View Details
    • Value Estimation
      $665,000
      7,719 SF

      67 Broadway

      AUTO REPAIR, GARAGE • 7,719 SF
      67 Broadway, Lawrence, MA 01843-1497
      View Details
    • Value Estimation
      $890,000
      6,252 SF

      413-417 Market St, Unit 417

      AUTO REPAIR, GARAGE • 6,252 SF
      413-417 Market St, Lawrence, MA 01843-1431
      View Details
    • Value Estimation
      $1,235,000
      24,594 SF

      640 Andover St

      AUTO REPAIR, GARAGE • 24,594 SF
      640 Andover St, Lawrence, MA 01843-1016
      View Details
    • Value Estimation by Request
      5,220 SF

      341 Broadway

      AUTO REPAIR, GARAGE • 5,220 SF
      341 Broadway, Lawrence, MA 01843-2739
      View Details
    • Value Estimation by Request
      2,924 SF

      97 Winthrop Ave

      AUTO REPAIR, GARAGE • 2,924 SF
      97 Winthrop Ave, Lawrence, MA 01843-3741
      View Details

    Similar Nearby for Sale

    • $3,150,000

      Lawrence Mixed-Use Multifamily Property

      41-unit mixed-use property with commercial and SRO units.
      82 South Broadway, Lawrence, MA 01843
      View Details
    • $360,000

      Lawrence Commercial Property For Sale

      Versatile commercial property in Lawrence, ideal for retail or office.
      34 Brookfield St, Lawrence, MA 01843
      View Details
    • Contact for pricing
      11,280 SF

      Lawrence Mixed-Use Investment Opportunity

      Nine units, including two commercial, in South Lawrence.
      161-167 S Union St, Lawrence, MA 01843
      View Details
    • Contact for pricing
      11,280 SF

      Lawrence Mixed-Use Investment Property

      Nine units, including two commercial spaces, in South Lawrence.
      161-167 South Union St, Lawrence, MA 01843
      View Details
    • Contact for pricing
      1,201 SF

      Lawrence Commercial Property For Sale

      Versatile commercial property in Lawrence, ideal for retail or office.
      34 Brookfield St, Lawrence, MA 01843
      View Details
    • $360,000
      1,201 SF

      Lawrence Commercial Property For Sale

      Commercial property in Lawrence suitable for retail, office, or industrial use.
      34 Brookfield St, Lawrence, MA 01843
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Development Site Near Interstate 495

      Development site suitable for fast food, retail, gas, and more.
      177-185 Marston St, Lawrence, MA 01843
      View Details
    • Contact for pricing

      Lawrence Retail Space Available

      Retail space available in Lawrence, Massachusetts, offering 3,000 SqFt.
      435 Winthrop Ave, Lawrence, MA 01843
      View Details
    • Contact for pricing
      18,000 SF

      Pavilion Riverwalk Retail/Office Space

      Unique campus setting with retail, office, and recreational amenities.
      282 Merrimack St, Lawrence, MA 01843
      View Details
    • Contact for pricing

      Retail Endcap Space For Lease

      3,000 SF endcap space available in Lawrence, MA.
      435 Winthrop Ave, Lawrence, MA 01843
      View Details
    • Contact for pricing

      Riverwalk Pavilion Retail/Dining Space

      Premier retail or dining space in high-traffic Riverwalk Innovation District.
      282-290 Merrimack St, Lawrence, MA 01843
      View Details
    • Contact for pricing
      2,128 SF

      Retail and Office Space Available

      Retail and office space with street exposure for rent.
      601 South Union St, Lawrence, MA 01843
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    660 S Union St
    Lawrence, MA 01843
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    660 S Union St, Lawrence, MA, 01843
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!