Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Retail space
309 Park St Lawrence, MA 01841-2435
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0758084
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,416 SF
Lot
0.15 ac (6,400 SF)
APN
LAWR M:0193 B:0000 L:0047
UPID
US38-0758084
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
Current use
Occupant on record · Public records
-
Pueblo Market Grocery & Convenience Store Food Market
-
Union supermarket #4 Specialty Food Shop Supermarket
-
Ria Money Transfer - Union SuperMarket 4 Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$799k
Blend (final)
Blend
$705k
Owner & transaction history
Jose Batista · 8 yrs held
Jose Batista
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+47.8%
Auto repair, garage
$1.1M
+37.8%
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
Alternative Use
Use
Estimation
RETAIL STORES
$770,000
Current use
OFFICE BUILDING
$1,135,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,060,000
Change: +38% · Conversion: Difficult
WAREHOUSE, STORAGE
$620,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$160 / 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
$14,574
Tax year 2024
Assessed value
$752,400
Assessed 2024
Previous assessed
$752,400
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$157,600
Assessed improvement
$594,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
4,416 SF
Lot
0.15 ac (6,400 SF)
APN
LAWR M:0193 B:0000 L:0047
UPID
US38-0758084
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
RETAIL STORES Current
Est. value
$770,000
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$620,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Jose Batista
Individual
Mailing address
29 CRESTWOOD CIR, LAWRENCE, MA 01843-1952
Ownership since
2017
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
Sep 6, 2019
—
Jose Batista
—
Deed
related
$450,000 · Enterprise Bank & Trust Co
Sep 26, 2017
$450,000
Jose Batista
Jorge INC
Quit Claim Deed
$350,000 · Jorge INC
Dec 11, 2015
—
Jorge INC
Jorge INC
Quit Claim Deed
related
$215,000 · Enterprise Bank & Trust Co
Feb 10, 2006
—
Jorge INC
—
Deed Of Trust
related
$150,000 · Sovereign Bank
Mar 29, 2005
$1
Jorge INC
Marte,hipolito
Grant Deed
—
Mar 29, 2005
$61,925
Jorge INC
Elena RT
Grant Deed
—
Aug 4, 1993
—
R T Elena
—
Deed Of Trust
related
$200,000 · Bankboston Development Co LLC
Apr 27, 1993
—
Elena RT
—
Deed Of Trust
related
$50,000 · Ma Minority Enterprise
Jan 15, 1993
—
Elena RT
—
Deed Of Trust
related
$200,000 · Bankboston Development Co LLC
Jul 13, 1990
$250,000
Marte INC
Matias,hector
Grant Deed
—
Jul 13, 1990
—
Elena RT
—
Deed Of Trust
related
$175,000 · New Heritage Bank & Trust
Oct 11, 1989
—
Hector Matias
—
Deed Of Trust
related
$125,000 · Andover Bank
Feb 18, 1987
$4,727
Anthony F Miceli
Mejia,pedro
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 309 Park St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
