Property profile

509 Essex St 523 Lawrence, MA 01840

OFF-MARKET
Office buildings
Property ID
US38-0335653
14,992 SF 0.23 ac lot Built 1976
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1976
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,992 SF
Lot 0.23 ac (10,222 SF)
APN LAWR M:0145 B:0000 L:0028
UPID US38-0335653

Cap rate & NOI

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

Location

509 Essex St, Unit 523 Lawrence, MA 01840-1241
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.84M
Blend (final) Blend
$2.82M

Owner & transaction history

since 2024
1 recorded transaction
2024
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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