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Property profile & analytics
OFF-MARKET
Estimated value
$10,485,000
Office buildings
350 Merrimack St Lawrence, MA 01843-1748
Individually Owned
7-yr Hold
Free & Clear
Property ID
US38-1293395
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
149,940 SF
Lot
0.89 ac (38,728 SF)
APN
LAWR M:0046 B:0000 L:0001
UPID
US38-1293395
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
-
Fresenius Medical Care, Inc. Industrial Manufacturer Production Facility
-
NxStage Kidney Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.21M
Blend (final)
Blend
$10.49M
Owner & transaction history
350 Riverwalk Dev · 7 yrs held
350 Riverwalk Dev
since 2018
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
$10.49M
Range $9.44M – $11.53M · ±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
$70 / 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
$143,080
Tax year 2024
Assessed value
$7,386,700
Assessed 2024
Previous assessed
$7,386,700
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$240,500
Assessed improvement
$7,146,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
7
Units
1
Bathrooms
7
Total area
149,940 SF
Lot
0.89 ac (38,728 SF)
APN
LAWR M:0046 B:0000 L:0001
UPID
US38-1293395
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
7
Buildings
1
Units
1
Bathrooms
7
Lot
0.89 ac
Current owner
From public records · entity-resolved
350 Riverwalk Dev
Individual
Free & Clear · 7 yrs held
Mailing address
290 MERRIMACK ST STE, LAWRENCE, MA 01843-1782
Ownership since
2018
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
Nov 21, 2024
—
280 Riverwalk Dev LLC
—
Deed
related
$80,000,000 · Starwood Mortgage Capital
Nov 6, 2018
—
350 Riverwalk Dev
290 Riverwalk LLC
Quit Claim Deed
related
—
Oct 4, 2011
$1
290 Riverwalk LLC
350 Riverwalk LLC
Grant Deed
—
Mar 20, 2006
$1,675,000
350 Riverwalk LLC
Building 350m INC
Grant Deed
$1,425,000 · Building 350m INC
Aug 14, 1992
$350,000
J D Yarns INC
Museum Amer Tex Histor
Grant Deed
$300,000 · Zenon Grzybowski
Jul 11, 1990
$850,000
Museum American Textil
Barrington St Condo
Grant Deed
—
Oct 19, 1989
$1,200,000
Boston 5c Sb
Merrimac Meyer Tr
Grant Deed
—
May 21, 1987
—
Merrimac Meyer Trust
—
Deed Of Trust
related
$1,189,458 · Bostonfivecentssvgsbk
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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