Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    130 Parker St, Unit 10 Lawrence, MA 01843

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Renovated office building with flexible suites, handicap accessible, parking.

    Property size:
    968 SF
    Lot size:
    968 SF

    Property Features for 130 Parker St

    General Information

    Standard status
    Active
    Size
    968 SF

    Building Details

    Year built
    1885

    We can help!

    Listing Contact
    Vladimir Saldana
    Source: Corcoran

    Listing Agency: The Edge Group, Inc. Listing Agent: Vladimir Saldana

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Updated Office Building with Suites

    This professionally renovated office building offers flexible-sized suites designed to meet diverse business needs. The former historic school building combines modern amenities with classic charm. It features an elevator, full handicap accessibility, and 24-hour access. Located on Rt. 114 (Parker Street) in South Lawrence, the property offers access to I-495 and downtown Lawrence. A large parking lot, abundant natural light, and prominent outdoor signage are available. Suite #10 includes three private offices, a reception/welcome area, and an en-suite bathroom. The 968 square foot space is suitable for professionals seeking a well-equipped, accessible, and convenient office environment. The intended use of the property is for office buildings and commercial real estate.
    Location Intelligence

    Current Use by Public Records

    De Marco Paul ... Dental Office Kelley Robert F Law Firm Porten Paula L Law Firm Global Services, Immigration, ... Corporate Office Stephen W Wight ... Law Firm

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1579933
    Latitude
    42.6970697

    Nearby Similar for Lease

    • $4,500 /Mo

      Downtown Lawrence Office Space Available

      Prime office space in a vibrant, walkable downtown location.
      464 Essex St, Lawrence, MA 01840
      View Details
    • $4,500 /Mo

      Downtown Lawrence Office Space Available

      2,750 sq ft office space in central business district.
      468 Essex St, Lawrence, MA 01840
      View Details
    • $1,500 /Mo

      Equipped Restaurant in Downtown Lawrence

      Fully equipped restaurant for lease in a high-traffic area.
      52 Common St, Lawrence, MA 01840
      View Details
    • $1,500 /Mo

      Downtown Lawrence Commercial Space

      Multi-use commercial space in downtown Lawrence, ideal for various businesses.
      48 Common St, Lawrence, MA 01840
      View Details
    • $2,800 /Mo

      Centrally Located Versatile Office Space

      Functional office space suitable for various ventures.
      250 Canal St, Lawrence, MA 01840
      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

      Premier Retail/Dining Space

      High-visibility retail or dining space in a mixed-use district.
      282-290 Merrimack St, Lawrence, MA 01843
      View Details
    • Contact for pricing
      16,500 SF

      Lawrence Retail Space Available

      16,500 SF retail space for rent in Lawrence.
      660 S Union St, Lawrence, MA 01843
      View Details
    • Contact for pricing
      2,928 SF

      Accessible Office Space For Rent

      1,900 SF office space with retail potential, easy access.
      290 Merrimack St, 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
      16,136 SF

      Office Space in Riverwalk District

      Office space for rent in a mixed-use campus.
      370 Merrimack St, Lawrence, MA 01843
      View Details
    • Contact for pricing
      34,252 SF

      Renovated Office Suites in Riverwalk

      Ready-to-go office suites in a mixed-use campus.
      360 Merrimack St, Lawrence, MA 01843
      View Details

    FAQs

    What type of property is this?
    Office building - Renovated office building with flexible suites, handicap accessible, parking.
    Where is this office building located?
    The property is located at 130 Parker St, Unit 10 Lawrence, MA.
    What are key features of this property?
    This property features: - Fully renovated office building with flexible-sized suites; - Convenient location on Rt. 114 with easy access to I-495 and downtown Lawrence; - Elevator and full handicap accessibility
    (978) 458-8822
    Request Owner's contact information
    130 Parker St, Unit 10 Lawrence, MA 01843
    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.
    130 Parker St, Unit 10
    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
    130 Parker St, Unit 10 Lawrence, MA 01843
    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

    We can help!
    Listing Contact
    Vladimir Saldana
    (978) 458-8822 (978) 251-5894 (978) 328-4129
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!