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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Turn key restaurants
339th Merrimack St, Lawrence, MA 01843-1735
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1796374
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Construction
FRAME
Total area
1,132 SF
Lot
0.06 ac (2,545 SF)
APN
LAWR M:0046 B:0000 L:0012
UPID
US38-1796374
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
$1.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
339 Merrimack LLC · 5 yrs held
339 Merrimack LLC
since 2021
Last sale
$1.4M
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
$1,775,000
ML approach
$1,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.38M (Jun 30 2021)
Last sale anchor
$1.38M
Jun 30 2021
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
$1,369 / 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
$5,476
Tax year 2024
Assessed value
$282,700
Assessed 2024
Previous assessed
$282,700
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$120,300
Assessed improvement
$162,400
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
1930
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
1,132 SF
Lot
0.06 ac (2,545 SF)
APN
LAWR M:0046 B:0000 L:0012
UPID
US38-1796374
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
1930
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
339 Merrimack LLC
Entity
Mailing address
290 MERRIMACK ST, LAWRENCE, MA 01843-1782
Ownership since
2021
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
Jun 30, 2021
$1,375,000
339 Merrimack LLC
Mac LLC
Quit Claim Arm's Length For Ne States
$1,030,000 · Pentucket Bank
Apr 9, 2014
—
Mac LLC
—
Deed Of Trust
related
$182,017 · Amy Mellman
Aug 13, 2010
—
Mac LLC
—
Deed Of Trust
related
$217,000 · Thomas Burkardt
Oct 9, 2007
—
Mark Mellman
—
Deed Of Trust
related
$76,000 · Mac LLC
Sep 11, 2007
$380,000
Mac LLC
Chris Far RT
Grant Deed
$228,000 · Methuen Capital Bank
Oct 17, 2003
—
Chris-far RT
—
Deed Of Trust
related
$130,000 · Lawrence Savings Bank
Apr 6, 2001
—
Chris Far RT
—
Deed Of Trust
related
$50,000 · Lawrence Savings Bank
Jan 13, 1995
—
Henry J Fary
—
Deed Of Trust
related
$60,000 · Lawrence Savings Bank
Oct 3, 1994
$60,000
R&j Family RT
Nov 209 Romeo Sierra T
Grant Deed
—
Oct 3, 1994
$2,000
November 209 Sierra Tr
Lewis,thomas E
Grant Deed
related
—
May 16, 1989
$85,000
Thomas Lewis
Noble,john T
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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