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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    130 Shepard St Lawrence, MA 01843-1026

    • Manufacturing properties
    • 24,884 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimations
    $1,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1613311
    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.

    Current Use by Public Records

    • GRAPHIC LITHO / Commercial Printer / Print Shop
    • Ultimate Windows Inc / Store
    • Graphic Litho / Commercial Printer

    Property Details for 130 Shepard St

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.30 lot acres
    Property size
    24,884 SF
    Property type
    Manufacturing properties
    APN
    LAWR M:0199 B:0000 L:0002
    APU
    LAWRM0199B0000L0002

    Description

    This exceptional flex space, located at 130 Shepard Street in Lawrence, Massachusetts, offers 5,500 square feet of immediately available space within a larger 29,525 square foot industrial building. The property is situated on a 1.3-acre lot in Essex County, providing ample room for loading, storage, and potential expansion. The building features a multi-tenant occupancy, fostering a collaborative environment. The available space boasts a clear height of 8-9 feet on the lower level, suitable for a variety of industrial and flex uses. This prime location in Lawrence, MA, zip code 01843, offers easy access to major transportation routes, making it an ideal choice for businesses needing efficient logistics. The property is classified as industrial with a flex subtype, catering to businesses requiring a blend of office and warehouse space. This is a fantastic opportunity to secure a well-located, functional space in a thriving area. The property is currently available for lease. Contact us today to schedule a viewing and explore the possibilities. The total building size is 29,525 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $740,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $987,000
      Market price range: $606k - $1.45M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,525,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1789
    Latitude
    42.6847
    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
    $42,934
    $510,100
    $1,706,400
    $2,216,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,605,000
      55,602 SF

      50 Shepard St

      MANUFACTURING (LIGHT) • 55,602 SF
      50 Shepard St, Lawrence, MA 01843-1024
      View Details
    • Value Estimation
      $1,315,000
      38,448 SF

      90 Glenn St

      MANUFACTURING (LIGHT) • 38,448 SF
      90 Glenn St, Lawrence, MA 01843-1022
      View Details
    • Value Estimation
      $21,110,000
      90,532 SF

      91 Glenn St

      MANUFACTURING (LIGHT) • 90,532 SF
      91 Glenn St, Lawrence, MA 01843-1036
      View Details
    • Value Estimation
      $635,000
      14,760 SF

      11 Glenn St

      MANUFACTURING (LIGHT) • 14,760 SF
      11 Glenn St, Lawrence, MA 01843-1019
      View Details
    • Value Estimation
      $720,000
      27,898 SF

      437-441 Market St

      MANUFACTURING (LIGHT) • 27,898 SF
      437-441 Market St, Lawrence, MA 01843
      View Details
    • Value Estimation
      $3,430,000
      34,173 SF

      421 Merrimack St

      MANUFACTURING (LIGHT) • 34,173 SF
      421 Merrimack St, Lawrence, MA 01843-1736
      View Details

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      Turnkey Restaurant & Real Estate

      Established restaurant with real estate, inventory, and liquor license.
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    Similar Nearby for Lease

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      6,700 SF

      Industrial Space Near Highway Access

      Industrial property for rent with convenient highway access.
      91 Glenn St, Lawrence, MA 01843
      View Details
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      Development Site Near Interstate 495

      Development site suitable for fast food, retail, gas, and more.
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      Lawrence Flex/Warehouse Space Available

      Flex/warehouse space available, 3 minutes from Route 93.
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      View Details
    • $7,200 /Mo
      4,708 SF

      Retail Space Near Interstate 495

      Retail space with high visibility and easy highway access.
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      View Details
    • Contact for pricing
      1,650 SF

      Office Space in Riverwalk District

      Office space available in a mixed-use campus.
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      View Details
    • Contact for pricing
      2,946 SF

      Prime Lawrence Retail Space

      Freestanding building, 2946 sq ft, available now.
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      View Details
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    Lawrence, MA 01843-1026
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    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
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