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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Industrial properties
181 Canal St, Lawrence, MA 01840-1864
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1544200
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
49,518 SF
Lot
0.66 ac (28,769 SF)
APN
LAWR M:0085 B:0000 L:0013
UPID
US38-1544200
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
-
Melissa's Perfect Piece Clothing & Fashion Store
-
Ron Wackowski Appraisers, Inc. Real Estate Agency
-
Andover Business Associates Medical Supply Store
-
Canal Street Antique Mall Home Decor Store (Bike/Boat/Book/etc) Store
-
Dearly Distressed Furniture Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.85M
Owner & transaction history
181 Canal Mill Dev LLC · 1 yrs held
181 Canal Mill Dev LLC
since 2024
Last sale
$1.9M
6 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
Method
Estimation
Statistic approach
$1,850,000
ML approach
$1,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,035,000
Current use
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $1.85M (Oct 10 2024)
Last sale anchor
$1.85M
Oct 10 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
$37 / 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
$47,079
Tax year 2024
Assessed value
$2,430,500
Assessed 2024
Previous assessed
$2,430,500
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$248,300
Assessed improvement
$2,182,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
31
Bathrooms
4
Total area
49,518 SF
Lot
0.66 ac (28,769 SF)
APN
LAWR M:0085 B:0000 L:0013
UPID
US38-1544200
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
31
Bathrooms
4
Lot
0.66 ac
Current owner
From public records · entity-resolved
181 Canal Mill Dev LLC
Entity
Mailing address
181 CANAL ST, LAWRENCE, MA 01840-1864
Mailing matches property
Yes
Owner-occupied
Yes
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
Mar 5, 2026
—
181 Canal Mill Dev LLC
—
Deed
related
$1,990,000 · Salem Five Cents Savings Bank
Oct 10, 2024
$1,850,000
181 Canal Mill Dev LLC
181 Canal Realty LLC
Quit Claim Arm's Length For Ne States
$1,850,000 · Belvidere Capital LLC
Feb 24, 2023
—
181 Canal Realty LLC
Lawrence City Of
Redemption Deed
related
—
Sep 21, 2001
—
RT Manche
—
Deed Of Trust
related
$174,163 · Paul A Deboer
Jun 15, 1988
—
RT Manche
—
Deed Of Trust
related
$200,000 · Bankboston Development Co LLC
Mar 17, 1987
—
RT Manche
—
Deed Of Trust
related
$550,000 · Bankboston Development Co LLC
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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