Property profile & analytics
49 Blanchard St Lawrence, MA 01843
- Industrial properties
- 50,042 SF
- 1.28 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US38-0813083
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- NailphoriaCo / Hair Salon / Nail Salon
- AJAX MOVING, LLC / Moving Company / Storage Facility
- The Credit Cycle / Financial Advisor
- All Pro Floor Care Inc. / Hardware & Home Improvement
- Royal Prestige / (Bike/Boat/Book/etc) Store / Kitchen & Bath Showroom
Property Details for 49 Blanchard St
- Year built
- 1880
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.28 lot acres
- Property size
- 50,042 SF
- Property type
- Industrial properties
- APN
- LAWR M:0121 B:0000 L:0061
- APU
- LAWRM0121B0000L0061
Description
This exceptional 50,000+ square foot industrial property, located at 49 Blanchard in Lawrence, MA, presents a compelling investment opportunity. Situated on a 1.28-acre lot, this versatile space currently functions as a blend of industrial, warehouse, and office areas, offering significant rental income potential. The property boasts multiple loading docks, enhancing operational efficiency. Currently operating at a 7.2 percent cap rate, there's significant room for rental increases, maximizing return on investment. The strategic location offers convenient access to public transportation and the commuter rail, providing employees and clients with easy commuting options. Further enhancing its appeal, this property is classified within an Opportunity Zone, providing potential tax advantages for qualified investors. The existing structure lends itself to a variety of uses, including potential conversion to condominiums or residential units, offering flexibility for future development and adaptation to changing market demands. The seller is open to considering partial financing, making this an even more attractive proposition for prospective buyers. This is a rare chance to acquire a high-performing asset with substantial upside in a prime location. Don't miss this chance to secure a truly exceptional investment.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,915,000
- ML approach
- $3,885,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,526,000
Market price range: $1.07M - $5.03M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $3,070,000 Current use
- COMMERCIAL (GENERAL)
- $5,070,000 Change: +65% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lawrence
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.1611
- Latitude
- 42.6964
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$69,223
$316,100
$3,257,600
$3,573,700
-
$0.00
$0.00
$0.00
