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Property profile & analytics
OFF-MARKET
Estimated value
$3,640,000
Investment properties
9 Appleton St 17 Lawrence, MA 01840-1501
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1801791
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,500 SF
Lot
0.17 ac (7,620 SF)
APN
LAWR M:0106 B:0000 L:0028
UPID
US38-1801791
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$3.64M
Owner & transaction history
Appleton Star LLC · 3 yrs held
Appleton Star LLC
since 2023
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.8M
+169.0%
Auto repair, garage
$5.4M
+150.7%
Retail stores
$3.9M
+82.0%
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
$3,640,000
ML approach
$4,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,785,000
Change: +169% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,390,000
Change: +151% · Conversion: Difficult
RETAIL STORES
$3,915,000
Change: +82% · Conversion: Easy
WAREHOUSE, STORAGE
$3,165,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$3.64M
Range $3.28M – $4.00M · ±10% · vs last sale $4.59M (May 2 2023)
Last sale anchor
$4.59M
May 2 2023
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
$162 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$32,425
Tax year 2020
Assessed value
$4,002,600
Assessed 2024
Previous assessed
$4,002,600
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$141,500
Assessed improvement
$3,861,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Bathrooms
8
Total area
22,500 SF
Lot
0.17 ac (7,620 SF)
APN
LAWR M:0106 B:0000 L:0028
UPID
US38-1801791
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
OFFICE BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.4M
RETAIL STORES
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.2M
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Bathrooms
8
Lot
0.17 ac
Current owner
From public records · entity-resolved
Appleton Star LLC
Entity
Mailing address
9 APPLETON ST #17, LAWRENCE, MA 01840-1501
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
$4,585,000
Appleton Star LLC
Jose Marine
Quit Claim Arm's Length For Ne States
$3,440,000 · Enterprise Bank & Trust Co
Jan 16, 2019
$1,200,000
Jose Marine
Abi Realty Corp
Quit Claim Deed
related
$2,500,000
Feb 25, 2014
—
Abi Realty Corp
—
Deed Of Trust
related
$1 · Enterprise Bank & Trust
Mar 15, 2010
—
Abi Rlty Corp
—
Deed Of Trust
related
$600,000 · Enterprise Bank & Trust
May 10, 2007
$1
Abi Rlty Corp
Villalona,angel R
Grant Deed
—
Jul 14, 2006
—
Angel R Villalona
—
Deed Of Trust
related
$70,000 · Juan Pascual
May 15, 2006
$550,000
Angel R Villalona
Pascual,juan
Grant Deed
$385,000 · Zions First National Bank
Sep 12, 2002
—
Juan E Pascual
—
Deed Of Trust
related
$198,000 · Bancnorth Mortgage Co
Dec 5, 2000
$305,000
Juan Pascual
Hibernian Bldg Assoc
Grant Deed
$225,000 · Andover Bank
Feb 12, 1998
—
Bldg Ass Law Hibernian
—
Deed Of Trust
related
$177,916 · Andover Bank
Oct 20, 1997
—
Hibernian Bldg Assoc
—
Deed Of Trust
related
$125,000 · Andover Bank
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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