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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Investment properties
296-298 Broadway 298, Lawrence, MA 01843-2634
Entity Owned
2-yr Hold
Property ID
US38-0518669
Property summary
AI-generated overview
This exceptional 1,049 square foot commercial space, located at 296-298 South Broadway in Lawrence, Massachusetts (zip code 01843), is situated in a high-traffic area with excellent visibility. The property, part of a larger building totaling 4,194 square feet, features captivating storefront windows, providing optimal exposure for your business. Built in 1900, this two-story building offers a single-tenant occupancy within a B2 zoned lot spanning 4,500 square feet. Ample parking is available with 20 spaces. Recent upgrades include a brand new HVAC system, updated electrical, and a new fire protection system, ensuring a comfortable and safe environment. The 100-amp power supply is suitable for a variety of businesses. This versatile space is ideal for retail uses such as a hair salon, beauty supply store, or clothing store, or as office space for a law firm, insurance agency, or real estate office. The property is offered as a gross lease at $2,700 per month
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
4,194 SF
Lot
0.1 ac (4,500 SF)
APN
LAWR M:0098 B:0000 L:0014
UPID
US38-0518669
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
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Seth Investments LLC · 2 yrs held
Seth Investments LLC
since 2024
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+153.8%
Auto repair, garage
$1.0M
+136.5%
Retail stores
$730,000
+71.7%
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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,080,000
Change: +154% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,005,000
Change: +137% · Conversion: Difficult
RETAIL STORES
$730,000
Change: +72% · Conversion: Easy
WAREHOUSE, STORAGE
$590,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Jun 28 2024)
Last sale anchor
$800k
Jun 28 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
$191 / 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
Assessed value
$563,100
Assessed 2024
Previous assessed
$563,100
+0.0% YoY
Assessed land
$165,500
Assessed improvement
$397,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
3
Total area
4,194 SF
Lot
0.1 ac (4,500 SF)
APN
LAWR M:0098 B:0000 L:0014
UPID
US38-0518669
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
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$590,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
Seth Investments LLC
Entity
Mailing address
296 S BROADWAY LN #298, LAWRENCE, MA 01843-2634
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
$800,000
Seth Investments LLC
E&j Realty Division LLC
Quit Claim Arm's Length For Ne States
$675,000 · Bristol County Savings Bank
Sep 2, 2021
—
E&j Realty Division LLC
Lawrence City Of
Redemption Deed
related
—
Aug 10, 2015
$370,000
E&j Realty Division LLC
L&r Realty Corp
Quit Claim Arm's Length For Ne States
$311,000 · Georgetown Savings Bank
Oct 29, 2013
—
L&r Realty Corp
—
Deed Of Trust
related
$2,176,000 · Enterprise Bank & Trust
Jun 27, 2008
—
L&r Rlty Corp
—
Deed Of Trust
related
$2,500,000 · Savings Bank
Jul 31, 2002
$300,000
L&r Realty Corp
Scott,jeanne P
Grant Deed
related
$645,000 · First Essex Bank
Jul 15, 1993
—
Arthur J Scott JR.
—
Deed Of Trust
related
$25,000 · Lawrence Savings Bank
Jul 11, 1988
—
Arthur J Scott JR
—
Deed Of Trust
related
$50,000 · Lawrence Savings 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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