Property profile

516 Broadway Lawrence, MA 01841

OFF-MARKET
Warehouses
Property ID
US38-1541188
59,758 SF 2.74 ac lot Built 1870
Entity Owned 5-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Furniture & Home Goods
  • Furniture & Home Goods

Location

516 Broadway Lawrence, MA 01841-2446
Lawrence metro Census 250300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.66M
Blend (final) Blend
$3.75M

Owner & transaction history

since 2021
Last sale
$2.9M
7 recorded transactions
2021
$2.9M
2020
Price N/A
2019
Price N/A
2017
Price N/A
2012
Price N/A
2012
$850,000
2012
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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