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Property profile & analytics
FOR LEASE
Industrial properties
360 Merrimack St, Lawrence, MA 01843
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0703872
For Lease
1 / 2
Contact for pricing
360 Merrimack St, Lawrence, MA 01843
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
10.82 ac (471,319 SF)
APN
LAWR M:0046 B:0000 L:0014
UPID
US38-0703872
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
-
Lozaya Medical Group Medical Group
-
Gendlerman Michael I MD Physician
-
Dr. Cynthia L. Deangelis, MD Ophthalmologist
-
R-Squared Office Panels & Furniture Furniture & Home Goods
-
Dr. Ann B. Spires, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
500 Riverwalk LLC · 8 yrs held
500 Riverwalk LLC
since 2018
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$262,822
Tax year 2020
Assessed value
$13,982,600
Assessed 2024
Previous assessed
$13,982,600
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$2,672,400
Assessed improvement
$11,310,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Heating
NONE
Cooling
YES
Buildings
2
Units
1
Lot
10.82 ac (471,319 SF)
APN
LAWR M:0046 B:0000 L:0014
UPID
US38-0703872
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
Heating
NONE
Cooling
Yes
Buildings
2
Units
1
Lot
10.82 ac
Current owner
From public records · entity-resolved
500 Riverwalk LLC
Entity
Mailing address
354 MERRIMACK ST, LAWRENCE, MA 01843-1754
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2021
—
423 Merrimack St LLC
—
Deed
related
$8,800,000 · Northern Bank & Trust Co
Apr 24, 2018
—
500 Riverwalk LLC
Riverwalk RT 2
Quit Claim Deed
related
—
Jun 8, 2009
—
Parker,thomas P Tr
—
Deed Of Trust
related
$3,500,000 · Td Bank NA
Aug 9, 2007
$1
500 Riverwalk LLC
Riverwalk RT 2
Grant Deed
—
Nov 27, 2006
—
Riverwalk RT
—
Deed Of Trust
related
$849,900 · Us Small Business Admn
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?”
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