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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Residential income homes
244-248 Broadway, Lawrence, MA 01840
Entity Owned
22-yr Hold
Free & Clear
Property ID
US38-0719299
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,690 SF
Lot
0.14 ac (6,000 SF)
APN
LAWR M:0167 B:0000 L:0042
UPID
US38-0719299
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
$2.56M
Blend (final)
Blend
$1.91M
Owner & transaction history
Windsor House Lodging LLC · 22 yrs held
Windsor House Lodging LLC
since 2004
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10%
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
$121 / 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
$15,953
Tax year 2024
Assessed value
$1,724,600
Assessed 2024
Previous assessed
$1,724,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$130,300
Assessed improvement
$1,594,300
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
4
Units
69
Bathrooms
9
Total area
15,690 SF
Lot
0.14 ac (6,000 SF)
APN
LAWR M:0167 B:0000 L:0042
UPID
US38-0719299
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
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
4
Buildings
1
Units
69
Bathrooms
9
Lot
0.14 ac
Current owner
From public records · entity-resolved
Windsor House Lodging LLC
Entity
Free & Clear · 22 yrs held
Mailing address
1059 TREMONT ST, BOSTON, MA 02120-2149
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2012
—
Windsor Lodging LLC
—
Deed Of Trust
related
$537,192 · Hud
Mar 19, 2004
$1,185,000
Windsor House Lodging LLC
Windsor RT
Grant Deed
related
—
May 11, 1998
—
Windsor RT
—
Deed Of Trust
related
$110,000 · Zwi Kohorn
May 11, 1998
$469,000
Windsor RT
Windsor T
Grant Deed
related
$279,000 · Bankboston Development Co LLC
Apr 27, 1995
—
Mark Akmakjian
—
Deed Of Trust
related
$30,000 · Lawrence City
Dec 23, 1994
—
Mark Akmakjian
—
Deed Of Trust
related
$250,000 · Andover Bank
Jun 1, 1993
$186,000
Windsor Trust
Pjs RT
Grant Deed
—
Feb 12, 1991
—
Windsor Enterprises
—
Deed Of Trust
related
$130,559 · Samuel J Deangelo
Aug 27, 1990
—
Windsor Enterprises
—
Deed Of Trust
related
$35,000 · Zwi Kohorn
Dec 8, 1988
—
Windsor Enterprises
—
Deed Of Trust
related
$200,000 · Andover Bank
Jul 15, 1988
—
Windsor Enterprises
—
Deed Of Trust
related
$810,000 · Andover Bank
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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