Property profile

1 Varnum Ave Lowell, MA 01854

OFF-MARKET
Parking lots & garages
Property ID
US38-0933209
0.15 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.15 ac (6,534 SF)
Zoning code NB
APN LOWE M:98 B:5880 L:1
UPID US38-0933209

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
  • Restaurant Take-out & Catering

Location

1 Varnum Ave Lowell, MA 01854-2510
Lowell metro Census 310602 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.86M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.77M

Owner & transaction history

since 2021
Last sale
$2.0M
4 recorded transactions
2021
$2.0M
2016
Price N/A
2009
Price N/A
2006
Price N/A

Zoning & alternative use

NB · Lowell, MA
Zoning description

In NB Districts promote a vibrant business environment in Lowell traditional neighborhood centers that enhances the character of the surrounding neighborhood

General category COMMERCIAL

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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