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Property profile & analytics
OFF-MARKET
Turn key restaurants
151-153 Essex St, Lawrence, MA 01840
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0905471
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,300 SF
Lot
0.05 ac (2,325 SF)
APN
LAWR M:0106 B:0000 L:0052
UPID
US38-0905471
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pedro Tejada · 4 yrs held
Pedro Tejada
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,058
Tax year 2024
Assessed value
$416,000
Assessed 2024
Previous assessed
$416,000
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$129,900
Assessed improvement
$286,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
2,300 SF
Lot
0.05 ac (2,325 SF)
APN
LAWR M:0106 B:0000 L:0052
UPID
US38-0905471
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
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.05 ac
Current owner
From public records · entity-resolved
Pedro Tejada
Individual
Mailing address
47 S PROSPECT ST, HAVERHILL, MA 01835-7325
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
—
Aljenis R Cepeda
—
Deed
related
$100,000 · Belvidere Capital LLC
Jan 18, 2023
—
Aljenis R Cepeda
—
Deed
related
$340,000 · Reading Cooperative Bank
Dec 17, 2021
—
Pedro Tejada
Lawrence City Of
Redemption Deed
related
—
Aug 29, 2019
$300,000
Aljenis R Cepeda
Tejada,pedro V
Quit Claim Deed
$175,000 · Matheau Roy
Oct 9, 2018
—
Pedro V Tejada
—
Deed
related
$40,000 · Peter Niel
Apr 2, 2018
—
Pedro V Tejada
Tejada,pedro V & Olga C
Quit Claim Deed
related
—
Dec 29, 2017
$132,000
Pedro V Tejada
Tejada,juan J & Yohanka
Quit Claim Deed
related
$143,000 · Belvidere Capital LLC
Mar 6, 2007
—
Juan Tejada
—
Deed Of Trust
related
$18,500 · Saab Adam
Oct 27, 2005
—
151-153 Essex St. RT
—
Deed Of Trust
related
$35,000 · Santos Gonzalez
Oct 27, 2005
$1
Yohanka Rodriguez
Rodriguez,yohanka
Grant Deed
related
—
Oct 26, 2005
$1
Yohanka Rodriguez
151-153 Essex St RT
Grant Deed
related
—
Dec 17, 2004
$230,000
151-153 Essex St. RT
Gurry,patricia
Grant Deed
$65,000 · Synergy Group LLP
Dec 17, 2004
—
151-153 Essex St. RT
—
Deed Of Trust
related
$40,000 · Omero Morales
Nov 19, 2003
$175,000
Patricia Gurry
Crt Nt
Grant Deed
$105,000 · Zwi Kohorn
Sep 24, 1993
$56,000
Charles R Tomes
First Essex Sb
Grant Deed
—
—
—
Pedro V Tejada
—
Deed Of Trust
related
$40,000 · Peter Niel
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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