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Property profile & analytics
OFF-MARKET
Estimated value
$2,750,000
Industrial properties
2 Franklin St, Lawrence, MA 01840
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0589281
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
89,040 SF
Lot
1.16 ac (50,530 SF)
APN
LAWR M:0144 B:0000 L:0025
UPID
US38-0589281
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
$3.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.75M
Blend (final)
Blend
$2.75M
Owner & transaction history
Lawrence Investor Group · 6 yrs held
Lawrence Investor Group
since 2020
Last sale
$2.3M
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
Method
Estimation
Statistic approach
$2,960,000
ML approach
$3,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±10% · vs last sale $2.30M (Feb 26 2020)
Last sale anchor
$2.30M
Feb 26 2020
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
$31 / 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
$58,402
Tax year 2024
Assessed value
$3,015,100
Assessed 2024
Previous assessed
$3,015,100
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$317,800
Assessed improvement
$2,697,300
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
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
7
Units
56
Bathrooms
9
Total area
89,040 SF
Lot
1.16 ac (50,530 SF)
APN
LAWR M:0144 B:0000 L:0025
UPID
US38-0589281
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
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
7
Buildings
1
Units
56
Bathrooms
9
Lot
1.16 ac
Current owner
From public records · entity-resolved
Lawrence Investor Group
Entity
Mailing address
599 CANAL ST, LAWRENCE, MA 01840-1244
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2022
—
Lawrence Investor Grp LLC
—
Deed
related
$439,000 · Enterprise Bank & Trust Co
Jun 23, 2020
—
Lawrence Investor Group
—
Deed
related
$270,000 · Enterprise Bank & Trust Co
Feb 26, 2020
$2,300,000
Lawrence Investor Group
Lorenzo Building L L C
Quit Claim Arm's Length For Ne States
$7,487,500 · Enterprise Bank & Trust Co
Feb 15, 2019
—
Lorenzo Building LLC
—
Deed
related
$1,518,000 · Enterprise Bank & Trust Co
Apr 10, 2017
—
Lorenzo Building LLC
—
Deed
related
$216,258 · Enterprise Bank & Trust Co
Jun 29, 2011
—
Lorenzo Building LLC
—
Deed Of Trust
related
$775,000 · Enterprise Bank & Trust
Sep 29, 1994
—
Colonial Village INC
—
Deed Of Trust
related
$734,433 · Federal Deposit INC Corp
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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