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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Retail space
102-106 Winthrop Ave Lawrence, MA 01843
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1637556
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Construction
FRAME
Total area
3,766 SF
Lot
0.06 ac (2,618 SF)
APN
LAWR M:0059 B:0000 L:0007
UPID
US38-1637556
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$617k
Blend (final)
Blend
$840k
Owner & transaction history
Munoz & Cabrera Prtnrshp · 1 yrs held
Munoz & Cabrera Prtnrshp
since 2024
Last sale
$841,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$970,000
+47.8%
Auto repair, garage
$900,000
+37.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lawrence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$840,000
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$885,000
Alternative Use
Use
Estimation
RETAIL STORES
$655,000
Current use
OFFICE BUILDING
$970,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$900,000
Change: +38% · Conversion: Difficult
WAREHOUSE, STORAGE
$530,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $841k (Nov 12 2024)
Last sale anchor
$841k
Nov 12 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$223 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,899
Tax year 2024
Assessed value
$614,300
Assessed 2024
Previous assessed
$614,300
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$210,200
Assessed improvement
$404,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1963
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
5
Total area
3,766 SF
Lot
0.06 ac (2,618 SF)
APN
LAWR M:0059 B:0000 L:0007
UPID
US38-1637556
Jurisdiction
LAWRENCE
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$655,000
OFFICE BUILDING
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$900,000
WAREHOUSE, STORAGE
Est. value
$530,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
5
Lot
0.06 ac
Current owner
From public records · entity-resolved
Munoz & Cabrera Prtnrshp
Individual
Mailing address
828 AMES HL DR, TEWKSBURY, MA 01876-1169
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
$841,000
Munoz & Cabrera Prtnrshp
Hope Partnership LLP
Deed
$782,100 · Harvest Small Business Finance LLC
Apr 13, 2020
—
Hope Ptshp LLP
—
Deed
related
$30,000 · Phillips Gerstein
Sep 18, 2018
—
Hope Partnership LLC
—
Deed
related
$300,000 · County Mortgage LLC
Jun 26, 2009
—
Hope Partnership LLP
—
Deed Of Trust
related
$200,000 · River Bank
Mar 28, 1989
—
Hope Partnership
—
Deed Of Trust
related
$184,500 · Shawmut First Chelms
—
—
Hope Ptshp LLP
—
Deed Of Trust
related
$30,000 · Phillips Gerstein
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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