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Property profile & analytics
OFF-MARKET
Estimated value
$3,555,000
Warehouses
516 Broadway, Lawrence, MA 01841-2446
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1541188
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1870
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,758 SF
Lot
2.74 ac (119,465 SF)
APN
LAWR M:0192 B:0000 L:0002
UPID
US38-1541188
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
-
B & M Office Installations Furniture & Home Goods
-
MJ Furniture Enterprises Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.66M
Blend (final)
Blend
$3.56M
Owner & transaction history
516 Broadway Realty LLC · 5 yrs held
516 Broadway Realty LLC
since 2021
Last sale
$2.9M
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
$3,750,000
ML approach
$3,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.56M
Range $3.20M – $3.91M · ±10% · vs last sale $2.90M (Mar 5 2021)
Last sale anchor
$2.90M
Mar 5 2021
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
$59 / 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
$52,289
Tax year 2024
Assessed value
$2,699,500
Assessed 2024
Previous assessed
$2,699,500
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$751,400
Assessed improvement
$1,948,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1870
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
59,758 SF
Lot
2.74 ac (119,465 SF)
APN
LAWR M:0192 B:0000 L:0002
UPID
US38-1541188
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
1870
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
516 Broadway Realty LLC
Entity
Mailing address
525 ESSEX ST, LAWRENCE, MA 01840-1386
Ownership since
2021
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
Mar 5, 2021
$2,900,000
516 Broadway Realty LLC
Cube Man LLC
Quit Claim Arm's Length For Ne States
$2,030,000 · Enterprise Bank & Trust Co
Mar 9, 2020
—
Cube Man LLC
—
Deed
related
$200,000 · Lowell Five Cents Savings Bank
Jan 28, 2019
—
Cube Man LLC
—
Deed
related
$255,000 · Lowell Five Cents Savings Bank
Sep 12, 2017
—
Cube Man LLC
—
Deed
related
$1,148,000 · Lowell Five Cents Savings Bank
Jul 6, 2012
—
Cube Man LLC
—
Deed Of Trust
related
$348,000 · Granite State Economic Develop
Jun 8, 2012
$850,000
Cube Man LLC
Lawrencemethuen Props LLC
Grant Deed
$425,000 · Gary Needham
Jun 8, 2012
—
Cube Man LLC
—
Deed Of Trust
related
$340,000 · Gary Needham
Feb 15, 1996
$285,000
Malden Mills Industr
Thomas RT
Grant Deed
—
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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