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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Retail space
103 Broadway Lawrence, MA 01840-1013
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1179817
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,896 SF
Lot
0.47 ac (20,314 SF)
APN
LAWR M:0145 B:0000 L:0010
UPID
US38-1179817
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
Current use
Occupant on record · Public records
-
DISCOUNT LIQUORS Patel (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Liquor Mart (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$910k
Owner & transaction history
Max Vipul Realty LLC · 5 yrs held
Max Vipul Realty LLC
since 2020
Last sale
$1
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+47.8%
Auto repair, garage
$1.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$850,000
Current use
OFFICE BUILDING
$1,260,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,175,000
Change: +38% · Conversion: Difficult
WAREHOUSE, STORAGE
$690,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $1 (Nov 15 2024)
Last sale anchor
$1
Nov 15 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
$186 / 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
$17,689
Tax year 2024
Assessed value
$913,200
Assessed 2024
Previous assessed
$913,200
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$230,600
Assessed improvement
$682,600
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
4,896 SF
Lot
0.47 ac (20,314 SF)
APN
LAWR M:0145 B:0000 L:0010
UPID
US38-1179817
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
$850,000
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$690,000
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.47 ac
Current owner
From public records · entity-resolved
Max Vipul Realty LLC
Entity
Mailing address
9 TANGLEWOOD CIR, METHUEN, MA 01844-4661
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2020
—
Max Vipul Realty LLC
Sheetal Patel
Quit Claim Deed
related
—
Oct 10, 2014
$440,000
Sheetal Patel
Krm RT
Quit Claim Deed
related
$342,000 · Enterprise Bank & Trust Co
Dec 14, 2011
$1
Krm RT
Patel,vipul
Grant Deed
—
Jan 13, 2006
$500,000
Vipul T Patel
Patel,kamalkant
Grant Deed
related
—
Nov 30, 2004
—
Kamalkant Patel
—
Deed Of Trust
related
$350,000 · Greenpoint Mortgage Funding
Nov 30, 2004
$1
Kamalkant Patel
Quality Brands T
Grant Deed
related
—
Apr 9, 2004
—
Plz T Broadway
—
Deed Of Trust
related
$500,000 · Banknorth NA
Sep 26, 2001
$350,000
Kamalkant Patel
Quality Brands Tr
Grant Deed
$267,750 · Equity One INC
May 26, 1998
—
Brands T Quality
—
Deed Of Trust
related
$150,000 · Andover Bank
Apr 23, 1997
—
Quality Brands Trust
—
Deed Of Trust
related
$325,000 · Raymond C Green INC
Jan 31, 1995
—
Brands T Quality
—
Deed Of Trust
related
$175,000 · Susan L Holt
Sep 29, 1994
—
Quality Brands Trust
—
Deed Of Trust
related
$120,000 · Tms Mortgage
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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