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    Property profile & analytics

    296-298 Broadway, Unit 298 Lawrence, MA 01843-2634

    • Investment properties
    • 4,194 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $820,000
    Last Sale
    Jun 28, 2024
    $800,000
    Location Intelligence
    Property ID
    US38-0518669
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 296-298 Broadway

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.10 lot acres
    Property size
    4,194 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    LAWR M:0098 B:0000 L:0014
    APU
    LAWRM0098B0000L0014

    Description

    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

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $800,000

    • CAP approach

      CAP return
      Estimation
      6%
      $820,000
      6.5%
      $900,000
      7%
      $800,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $840,000
      Geo Method
      $885,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $790,000
      Retail
      $925,000
      Mixed-Use
      $955,000
      Hospitality
      $945,000
      Educational
      $895,000
      Residential Income
      $940,000
      Energy
      $750,000
      Income-Based Land
      $800,000
      Food Service
      $750,000

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1595
    Latitude
    42.6908
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $165,500
    $397,600
    $563,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $315,000
      3,895 SF

      81-85 Salem St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,895 SF
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      View Details
    • Value Estimation by Request
      2,438 SF

      65-67 Salem St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,438 SF
      65-67 Salem St, Lawrence, MA 01843
      View Details
    • Value Estimation
      $595,000
      0.10 Acres

      511-515 Andover St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.10 Acres
      511-515 Andover St, Lawrence, MA 01843
      View Details
    • Value Estimation
      $470,000
      0.21 Acres

      58 Beacon Str

      OFFICE/RESIDENTIAL (MIXED USE) • 0.21 Acres
      58 Beacon Str, Lawrence, MA 01843-2028
      View Details
    • Value Estimation
      $160,000
      7,197 SF

      76-80 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 7,197 SF
      76-80 Broadway, Lawrence, MA 01843
      View Details
    • Value Estimation
      $265,000
      3,065 SF

      32-34 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 3,065 SF
      32-34 Broadway, Lawrence, MA 01843
      View Details

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    296-298 Broadway, Unit 298
    Lawrence, MA 01843-2634
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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