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Property profile & analytics
OFF-MARKET
Estimated value
$4,905,000
Investment properties
11 Lawrence St 21 Lawrence, MA 01840-1431
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1811799
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,243 SF
Lot
0.16 ac (7,000 SF)
APN
LAWR M:0126 B:0004 L:0001
UPID
US38-1811799
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
-
Connecting All Clinical Sites Medical Clinic
-
Lawrence City General Info City Government Office
-
Bay State Building Apartment Complex
-
Scarano Mark Counselor
-
Brennenstuhl John Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.64M
Blend (final)
Blend
$4.91M
Owner & transaction history
Adc Properties LLC · 4 yrs held
Adc Properties LLC
since 2022
Last sale
$5.7M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$8.5M
+47.2%
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
$4,905,000
ML approach
$5,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,755,000
Current use
WAREHOUSE, STORAGE
$8,470,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$4.91M
Range $4.41M – $5.40M · ±10% · vs last sale $5.70M (Jul 29 2022)
Last sale anchor
$5.70M
Jul 29 2022
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
$81 / 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 2017Property tax & assessments
Tax year 2017
Tax billed
$61,893
Tax year 2017
Assessed value
$5,485,800
Assessed 2024
Previous assessed
$5,485,800
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$137,100
Assessed improvement
$5,348,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
4
Units
36
Bathrooms
9
Total area
60,243 SF
Lot
0.16 ac (7,000 SF)
APN
LAWR M:0126 B:0004 L:0001
UPID
US38-1811799
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
COMMERCIAL (GENERAL) Current
Est. value
$5.8M
WAREHOUSE, STORAGE
Est. value
$8.5M
COMMERCIAL (GENERAL) Current
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
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
4
Buildings
1
Units
36
Bathrooms
9
Lot
0.16 ac
Current owner
From public records · entity-resolved
Adc Properties LLC
Entity
Mailing address
18 FREEMAN RD, CHELMSFORD, MA 01824-4825
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$5,700,000
Adc Properties LLC
Pbn Exchange Lawrence LLC
Quit Claim Arm's Length For Ne States
$4,275,000 · Middlesex Fsla
May 21, 2019
—
Pbn Exchange Lawrence LLC
Combined Invs LLC
Quit Claim Deed
related
—
Jul 24, 2013
—
Haven Real Estate Grp LLC
—
Deed Of Trust
related
$3,112,500 · Georgetown Savings Bank
Apr 21, 2011
$519
Lawrence City Of
Baystate On The Cmn LLC
Grant Deed
—
Feb 15, 2011
$910,000
Haven Re Grp LLC
Haven Re Grp LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
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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