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Property profile & analytics
OFF-MARKET
Estimated value
$4,400,000
Residential income homes
77 Un St 91, Lawrence, MA 01843-1642
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0567740
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,698 SF
Lot
0.19 ac (8,131 SF)
APN
LAWR M:0082 B:0000 L:0025
UPID
US38-0567740
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
-
Z4Union Lodging LLC Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.40M
CAP Approach
CAP
$5.31M
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$4.40M
Owner & transaction history
Union Lodging LLC · 2 yrs held
Union Lodging LLC
since 2024
Last sale
$4.4M
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
$4,400,000
ML approach
$4,400,000
CAP Approach
CAP Return
Estimation
6%
$5,755,000
6.5%
$5,310,000
7%
$4,930,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,255,000
Current use
OFFICE BUILDING
$5,835,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $4.40M (Jun 21 2024)
Last sale anchor
$4.40M
Jun 21 2024
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
$194 / 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
$23,464
Tax year 2024
Assessed value
$2,536,700
Assessed 2024
Previous assessed
$2,536,700
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$155,600
Assessed improvement
$2,381,100
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
YES
Buildings
1
Stories
3
Units
72
Bathrooms
9
Total area
22,698 SF
Lot
0.19 ac (8,131 SF)
APN
LAWR M:0082 B:0000 L:0025
UPID
US38-0567740
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.3M
OFFICE BUILDING
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
1
Units
72
Bathrooms
9
Lot
0.19 ac
Current owner
From public records · entity-resolved
Union Lodging LLC
Entity
Mailing address
14 S CARTER RD #91, LYNNFIELD, MA 01940-1714
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
$4,400,000
Union Lodging LLC
Zaman Manik
Quit Claim Arm's Length For Ne States
$3,300,000 · Jeanne D Arc Cu
May 11, 2020
—
Zaman Manik
—
Deed
related
$600,000 · Savings Bank Trust
Aug 31, 2018
$2,200,000
Zaman Manik
South Union Propco LLC
Quit Claim Arm's Length For Ne States
$1,650,000 · Savings Bank Trust
Feb 27, 2015
$832,000
South Union Propco LLC
77 S Union Street LLP
Quit Claim Deed
—
May 8, 2014
$557,000
77 S Union Street LLP
Charles Hope Co LLP
Fiduciary Deed
—
Feb 21, 2013
—
Charles Hope Co LLP
—
Deed Of Trust
related
$150,000 · Georgetown Savings Bank
Mar 29, 2005
$1,660,000
Hht RT
Valley South Lodging LLC
Grant Deed
$1,328,000 · Fourth Fsb
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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