Property profile

414 Essex St 420 Lawrence, MA 01840

OFF-MARKET
Office buildings
Property ID
US38-1560820
7,970 SF 0.09 ac lot Built 1928
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1928
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,970 SF
Lot 0.09 ac (4,000 SF)
APN LAWR M:0125 B:0000 L:0014
UPID US38-1560820

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

414 Essex St, Unit 420 Lawrence, MA 01840-1214
Lawrence metro Census 250100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$810k
CAP Approach CAP
by Request
Comparable Approach Comparable
$624k
Blend (final) Blend
$785k

Owner & transaction history

since 2023
Last sale
$800,000
3 recorded transactions
2023
$800,000
2005
$300,000
2003
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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