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Property profile & analytics
OFF-MARKET
Turn key restaurants
24 Newbury St, Lawrence, MA 01840-1726
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1124336
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,932 SF
Lot
0.22 ac (9,750 SF)
APN
LAWR M:0106 B:0000 L:0032
UPID
US38-1124336
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
Jm Enterprises LLC · 4 yrs held
Jm Enterprises LLC
since 2022
Last sale
$198,561
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
$12,527
Tax year 2024
Assessed value
$646,700
Assessed 2024
Previous assessed
$646,700
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$199,500
Assessed improvement
$447,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
3,932 SF
Lot
0.22 ac (9,750 SF)
APN
LAWR M:0106 B:0000 L:0032
UPID
US38-1124336
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
0.22 ac
Current owner
From public records · entity-resolved
Jm Enterprises LLC
Entity
Mailing address
59 ESSEX ST, LAWRENCE, MA 01840-1709
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
—
Jm Enterprises LLC
Juan Hidalgo
Quit Claim Deed
related
$250,000 · Reading Cooperative Bank
Sep 30, 2016
—
Juan Hidalgo
—
Deed
related
$450,000 · Eastern Bank
Dec 6, 2006
$198,561
Juan Hidalgo
Medina,aladino
Grant Deed
—
Jan 30, 2006
—
Aladino Medina
—
Deed Of Trust
related
$200,000 · Greenpoint Mortgage Funding
Mar 4, 2003
—
Aldino Medina
—
Deed Of Trust
related
$192,000 · Banknorth NA
Feb 28, 2002
$240,000
Aladino Medina
King RT
Grant Deed
$144,000 · Interbay Funding LLC
Aug 10, 1999
—
King RT
—
Deed Of Trust
related
$85,000 · Carpenter Trust
Jul 28, 1999
—
Richard A Masucci
—
Deed Of Trust
related
$6,600 · Household Finance Corp
Dec 29, 1998
—
King RT
—
Deed Of Trust
related
$65,000 · Camelot Financial Service INC
Dec 5, 1996
—
King RT
—
Deed Of Trust
related
$7,000 · Melo Tone Vending INC
Mar 18, 1992
$210,000
King RT
Fiori,s Joseph
Grant Deed
$150,000 · Zenon Grzybowski
Mar 27, 1989
—
Julio Arboleda
—
Deed Of Trust
related
$100,000 · Zwi Kohorn
Mar 18, 1987
$70,700
Happiness Center INC
Arboleda,julio
Grant Deed
—
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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