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Property profile & analytics
FOR LEASE
Manufacturing properties
91 Glenn St, Lawrence, MA 01843
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1709452
For Lease
1 / 2
$21,110,000
91 Glenn St, Lawrence, MA 01843
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Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
90,532 SF
Lot
6.22 ac (270,943 SF)
APN
LAWR M:0219 B:0000 L:0009
UPID
US38-1709452
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
-
Newark Group Recycling & Paperboard Solutions Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$21.11M
CAP Approach
CAP
$14.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.11M
Owner & transaction history
Stag Industrial Hldg LLC · 1 yrs held
Stag Industrial Hldg LLC
since 2024
Last sale
$21.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$31.2M
+462.9%
Apartment house (5+ units)
$28.9M
+421.4%
Office building
$23.3M
+319.2%
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
$21,110,000
ML approach
$21,110,000
CAP Approach
CAP Return
Estimation
6%
$16,050,000
6.5%
$14,815,000
7%
$13,755,000
Alternative Use
Use
Estimation
RESTAURANT
$31,245,000
Change: +463% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$28,945,000
Change: +421% · Conversion: Difficult
OFFICE BUILDING
$23,270,000
Change: +319% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,685,000
Change: +291% · Conversion: Easy
RETAIL STORES
$15,745,000
Change: +184% · Conversion: Moderate
WAREHOUSE, STORAGE
$12,730,000
Change: +129% · Conversion: Easy
Blend value · Realmo final
$21.11M
Range $19.00M – $23.22M · ±10% · vs last sale $21.11M (Sep 13 2024)
Last sale anchor
$21.11M
Sep 13 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
$233 / 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
$90,733
Tax year 2024
Assessed value
$4,684,200
Assessed 2024
Previous assessed
$4,684,200
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$2,322,000
Assessed improvement
$2,362,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
5
Total area
90,532 SF
Lot
6.22 ac (270,943 SF)
APN
LAWR M:0219 B:0000 L:0009
UPID
US38-1709452
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
RESTAURANT
Est. value
$31.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.9M
OFFICE BUILDING
Est. value
$23.3M
AUTO REPAIR, GARAGE
Est. value
$21.7M
RETAIL STORES
Est. value
$15.7M
WAREHOUSE, STORAGE
Est. value
$12.7M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
5
Lot
6.22 ac
Current owner
From public records · entity-resolved
Stag Industrial Hldg LLC
Entity
Mailing address
91 GLENN ST FL, LAWRENCE, MA 01843-1036
Mailing matches property
Yes
Owner-occupied
Yes
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
Sep 13, 2024
$21,110,000
Stag Industrial Hldg LLC
Atlantic Oliver II 91 Gle
Quit Claim Arm's Length For Ne States
—
Dec 9, 2021
$15,770,000
Atlantic Oliver 2 91
91 Glenn Street LLC
Quit Claim Arm's Length For Ne States
$11,500,000 · Cambridge Savings Bank
Feb 4, 2020
—
91 Glenn Street LLC
—
Deed
related
$3,710,000 · Digital FCU
Dec 12, 2016
—
91 Glenn Street LLC
—
Deed
related
—
Aug 25, 2014
$3,847,610
91 Glenn Street LLC
Newark Grouo INC
Quit Claim Deed
related
$4,200,000 · Barracuda Invs
Feb 20, 2013
—
Newark Group INC
—
Deed Of Trust
related
$56,296,313 · Worth Funding INC
Aug 17, 2010
—
Newark Group INC
—
Deed Of Trust
related
$110,000,000 · Worth Funding INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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