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    Property profile & analytics

    55 Hampshire St Lawrence, MA 01840-1248

    • Turn key restaurants
    • 3,020 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimation
    $2,965,000
    Last Sale
    Apr 29, 2022
    $3,038,257
    Location Intelligence
    Property ID
    US38-0328125
    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

    • Wendy's / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 55 Hampshire St

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.66 lot acres
    Property size
    3,020 SF
    Property type
    Turn key restaurants
    APN
    LAWR M:0146 B:0000 L:0025
    APU
    LAWRM0146B0000L0025

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,100,000
      6.5%
      $2,990,000
      7%
      $3,050,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,500,000
      Geo Method
      $2,910,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,000,000
      Retail
      $3,225,000
      Mixed-Use
      $3,195,000
      Hospitality
      $2,485,000
      Educational
      $2,945,000
      Residential Income
      $3,040,000
      Energy
      $2,750,000
      Income-Based Land
      $3,230,000
      Food Service
      $3,245,000

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1652
    Latitude
    42.7074
    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
    $19,453
    $248,100
    $756,200
    $1,004,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $245,000
      1,722 SF

      150-152 Cmn St

      RESTAURANT • 1,722 SF
      150-152 Cmn St, Lawrence, MA 01840
      View Details
    • Value Estimation
      $260,000
      4,100 SF

      445 Essex St

      RESTAURANT • 4,100 SF
      445 Essex St, Lawrence, MA 01840-1213
      View Details
    • Value Estimation by Request
      2,921 SF

      187 Broadway

      RESTAURANT • 2,921 SF
      187 Broadway, Lawrence, MA 01840-1039
      View Details
    • Value Estimation
      $520,000
      1,978 SF

      93-97 Cmn St

      RESTAURANT • 1,978 SF
      93-97 Cmn St, Lawrence, MA 01840
      View Details
    • Value Estimation
      $360,000
      4,236 SF

      85 Cmn St, Unit 91

      RESTAURANT • 4,236 SF
      85 Cmn St, Lawrence, MA 01840-1604
      View Details
    • Value Estimation
      $235,000
      1,083 SF

      596 Essex St

      RESTAURANT • 1,083 SF
      596 Essex St, Lawrence, MA 01840-1042
      View Details

    Similar Nearby for Sale

    • $75,000

      Turnkey Beauty Salon in Lawrence

      Fully equipped salon with loyal clientele in high-traffic area.
      159 Essex St, Lawrence, MA 01840
      View Details
    • $65,000

      Turnkey Salon Business Opportunity

      Fully operational salon for sale in high-traffic area.
      350 Esses St, Lawrence, MA 01840
      View Details
    • $1,349,999

      Mixed-Use Property For Sale

      Four-unit mixed-use property with high traffic corner location.
      89 Newbury St, Lawrence, MA 01840
      View Details
    • $1,099,999

      Former Church Redevelopment Opportunity

      Historic church with redevelopment potential in Lawrence, Massachusetts.
      364 Haverhill St, Lawrence, MA 01840
      View Details
    • $479,000

      Prospect Hill Two-Family Home

      Two-family home with potential for investors or owner-occupants.
      42 Union St, Lawrence, MA 01840
      View Details
    • $345,000

      Specialty Property for Sale

      Specialty property available for purchase.
      265A Lowell St, Lawrence, MA 01840
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Equipped Restaurant in Downtown Lawrence

      Fully equipped restaurant for lease in a high-traffic area.
      52 Common St, Lawrence, MA 01840
      View Details
    • $3,000 /Mo

      Downtown Lawrence Bar/Lounge Space

      Partially built-out bar/lounge space in Downtown Lawrence for lease.
      225-235 Essex St, Lawrence, MA 01840
      View Details
    • $8,500 /Mo

      Retail Space in Downtown Lawrence

      Retail space available in a growing downtown area.
      499 Essex St, Lawrence, MA 01840
      View Details
    • $3,200 /Mo

      Retail Space in Downtown Lawrence

      Retail space available in a growing downtown area.
      499 Essex St Lower, Lawrence, MA 01840
      View Details
    • $1,000 /Mo

      Retail Space in Lucky Trading Center

      Retail and office spaces available in Lawrence, MA.
      350 Essex St, Lawrence, MA 01840
      View Details
    • $4,500 /Mo

      Retail Space in Mixed-Use Building

      Street-level retail space with high visibility in downtown Lawrence.
      170 Common St, Lawrence, MA 01840
      View Details
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    55 Hampshire St
    Lawrence, MA 01840-1248
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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